secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000088205-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies Q3 GAAP EPS $1.08, adj. EPS $1.39; HVAC margin expands 370 bps
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- Q3 revenue $483.7M (+7.8% YoY), operating income $78.9M vs $57.7M, net income $50.2M (vs loss of $20.4M).
- HVAC revenue $335.3M (+15.9% YoY), segment margin 23.9% (+370 bps on volume, productivity).
- Detection & Measurement revenue $148.4M (-7% YoY) on large project comps; margin improved 190 bps to 22.8%.
- Full-year 2024 guidance: adj. EBITDA $410-430M, adj. EPS $5.45-$5.60; revenue narrowed to $1.97-$2.00B.
- Q3 adj. EBITDA $104.0M (+27% YoY); net operating cash flow $77M; debt $737.8M, cash $129.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000057/0000088205-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000057/spxc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000088205-24-000057

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