secwatch.observer — SEC 8-K summary
======================================

Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000088205-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies Q2 GAAP EPS $0.96, adj. EPS $1.42; raises FY2024 adj. EPS guidance to $5.45-$5.60
--------------------------------------------------------------------------------

- Revenue $501.3M (+18.4% YoY); operating income $74.6M vs $51.3M.
- HVAC segment rev $356.5M (+32.5%); Detection & Measurement rev $144.8M (-6.2%).
- Adjusted EBITDA $108.9M (+45.0%); segment income margin expanded 300-450 bps.
- FY2024 adj. EPS guidance raised to $5.45-$5.60 (prior $5.15-$5.40); midpoint implies ~28% YoY growth.
- Ended Q2 with $133M cash, $790M debt; operating cash flow from cont ops $58.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000048/0000088205-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000048/spxc-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000088205-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer