Key Developments: SPX Corp (SPW.N)

SPW.N on New York Stock Exchange

106.76USD
11 Jul 2014
Price Change (% chg)

$-0.69 (-0.64%)
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$107.45
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Latest Key Developments (Source: Significant Developments)

SPX receives contract from Biocom to provide dairy processing system for baby food plant in Belarus
Tuesday, 8 Jul 2014 08:00am EDT 

SPX Corp:Receives contract worth more than $28 mln to help Biocom Ltd. establish the Nesvizh Baby Food Factory in The Republic of Belarus.Biocom expects the new baby food factory to be export-oriented with sufficient capacity to process 500 tons of milk per day.Under the terms of the contract, SPX has agreed to provide Biocom with a turnkey dairy processing system featuring an extensive portfolio of SPX solutions utilizing ultrafiltration and infusion technologies.  Full Article

SPX Corp awarded contract from GrainCorp Foods to expand and enhance margarine processing plants in Australia
Tuesday, 1 Jul 2014 08:00am EDT 

SPX Corp:Says its Flow Food and Beverage business has been awarded contract valued at $18 mln from GrainCorp Foods.SPX will design and install a new margarine processing system for GrainCorp, utilizing key process equipment and components manufactured by SPX.  Full Article

SPX Corp announces quarterly dividend
Wednesday, 28 May 2014 08:00am EDT 

SPX Corp:Declared a quarterly dividend of $0.375 per common share payable on July 2 to shareholders of record on June 16.  Full Article

SPX Corp reaffirms FY 2014 guidance
Wednesday, 30 Apr 2014 06:30am EDT 

SPX Corp:Reaffirms FY 2014 guidance.Targets 2 pct. to 6 pct. revenue growth for FY 2014.Reaffirms FY 2014 adjusted earnings per share (EPS) from continuing operations guidance range of $5.00 to $5.50.Reported revenue of $4.717 bln in FY 2013.FY 2014 revenue of $4.899 bln and EPS of $5.30 - Thomson Reuters I/B/E/S.  Full Article

SPX Corp completes sale of Precision Components business to RFE Investment Partners and 24/6 Capital Partners
Friday, 11 Apr 2014 08:30am EDT 

SPX Corp:Completes sale of its Precision Components business to RFE Investment Partners and 24/6 Capital Partners for about $62 mln.Loop Capital Markets LLC acted as a financial advisor to SPX on the transaction.  Full Article

SPX Corp announces sale of Thermal Product Solutions Business
Monday, 3 Mar 2014 08:30am EST 

SPX Corp:Completed the sale of Thermal Product Solutions (TPS) business to Resilience Capital Partners for about$43 million.  Full Article

SPX Corp announces quarterly dividend
Thursday, 27 Feb 2014 08:00am EST 

SPX Corp:Declares a quarterly dividend of $0.375 per common share payable on April 2, 2014 to shareholders of record on March 14, 2014.This reflects a 50 pct increase in the annual dividend to $1.50 per share, paid quarterly, which was approved by the Board of Directors on Feb. 10, 2014.  Full Article

SPX Corp reaffirms FY 2014 revenue guidance-conference call
Thursday, 20 Feb 2014 04:25pm EST 

SPX Corp:Expects to target 2-6 pct revenue growth in FY 2014.Sees adjusted EPS from continuing operations is $5.00 to $5.50 per share.The company reported revenue of $4.717 bln in FY 2013.FY 2014 revenue of $4.89 bln and EPS of $5.32 - Thomson Reuters I/B/E/S.  Full Article

SPX Corp gives FY 2014 guidance in line with analysts' estimates
Wednesday, 12 Feb 2014 06:30am EST 

SPX Corp:Expects to target 2-6 pct revenue growth in FY 2014.Sees adjusted EPS from continuing operations is $5.00 to $5.50 per share.The company reported revenue of $4.717 bln in FY 2013.FY 2014 revenue of $4.842 bln and EPS of $5.20 - Thomson Reuters I/B/E/S.  Full Article

SPX Corp completes sale of its joint venture interest in EGS Electrical Group to Emerson Electric Co
Tuesday, 7 Jan 2014 09:12am EST 

SPX Corp:Completes the sale of its 44.5 pct joint venture interest in EGS Electrical Group LLC to Emerson Electric Co. for $574 million.Expects to pay cash taxes on the transaction of about $225 mln, bringing the net, after-tax proceeds to about $350 mln.  Full Article

US STOCKS-Futures higher after Bank of America results; data due

NEW YORK, Jan 15 - U.S. stock index futures rose on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, earnings from Bank of America and ahead of data on inflation and manufacturing.

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