Key Developments: SPX Corp (SPW.N)

SPW.N on New York Stock Exchange

107.03USD
23 Jul 2014
Price Change (% chg)

$-0.22 (-0.21%)
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$107.25
Open
$107.33
Day's High
$107.74
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$106.76
Volume
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$111.41
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Latest Key Developments (Source: Significant Developments)

SPX Corp receives contract to establish powdered infant formula plant in france for production of exports to china market
Tuesday, 17 Dec 2013 08:00am EST 

SPX Corp:Says has been awarded a contract valued in excess of $50 mln from Synutra France International, a subsidiary of Synutra International Inc.  Full Article

SPX Corp announces agreement to sell its joint venture interest in EGS Electrical Group
Wednesday, 4 Dec 2013 08:00am EST 

SPX Corp:Says it has entered into a definitive agreement to sell its 44.5% joint venture interest in EGS Electric Group LLC to Emerson Electric Co. for $571 million.Says the sale is expected to close in the first quarter of 2014.  Full Article

SPX Corp Announces Quarterly Dividend
Wednesday, 20 Nov 2013 08:00am EST 

SPX Corp announced that its board of directors has declared a quarterly dividend of $0.25 per common share payable on January 3, 2014 to shareholders of record on December 12, 2013.  Full Article

SPX Corp Lowers FY 2013 Guidance
Wednesday, 30 Oct 2013 06:31am EDT 

SPX Corp announced that for fiscal 2013, it expects Revenues to decline 1% to 3% versus fiscal 2012, earnings per share (EPS) from continuing operations was adjusted to exclude earnings from businesses discontinued in Q3 2013 and to also reflect a higher level of expected restructuring expense. The updated guidance range for EPS from continuing operations is now $3.80 to $3.95 per share. The Company reported revenue of $5.100 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.03 billion and EPS of $4.37 for fiscal 2013.  Full Article

SPX Corp Announces Quarterly Dividend
Thursday, 22 Aug 2013 08:00am EDT 

SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.25 per common share payable on October 2, 2013 to shareholders of record on September 16, 2013.  Full Article

SPX Corp Secures Approximately $40 Million In Pump Orders For Two Oil Production Platforms In North Sea
Friday, 9 Aug 2013 08:00am EDT 

SPX Corp announced that its Flow Technology segment has been awarded two contracts worth a combined total of approximately $40 million for ClydeUnion-branded pumps that will play a vital role in two offshore oil production platforms being constructed in the North Sea. Under the terms of one contract, SPX will provide a total of six ClydeUnion pumps, including two, high-pressure water injection pumps, two water injection booster pumps and two diluent pumps. For the second contract, SPX will supply three ClydeUnion pumps, including a single high-pressure water injection pump along with two oil transfer pumps. On virtually every offshore oil platform, high-pressure water injection pumps play a critical role in enabling the extraction of oil.  Full Article

SPX Corp Raises FY 2013 Revenue Guidance; Raises High End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates; Announces Quarterly Dividend
Wednesday, 31 Jul 2013 06:30am EDT 

SPX Corp announced that for fiscal 2013, it expects revenues to be down 2% to up 2%. Earnings per share from continuing operations are expected to be $4.25 to $4.50, the Company's previous earnings per share estimate was $4.25 to $4.65. The Company reported revenue of $5.100 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.103 billion and EPS of $4.30 for fiscal 2013. The Company also announced that its Board of Directors had declared a quarterly dividend of $0.25 per common share to shareholders of record on June 14, 2013, which was paid on July 2, 2013.  Full Article

SPX Corp Secures Contract To Supply Infant Formula Plant In Germany
Monday, 29 Jul 2013 08:01am EDT 

SPX Corporation announced that its Flow Technology segment has been awarded a contract valued at nearly $40 million by a leading global infant nutrition company to supply a powdered infant formula processing plant in Germany. The plant will utilize SPX Flow Technology process systems to convert milk and other ingredients into high quality powdered infant formula, primarily for export into emerging markets.  Full Article

SPX Corp Issues FY 2013 EBITDA Guidance Above Analysts' Estimates-Conference Call
Friday, 31 May 2013 11:30am EDT 

SPX Corp announced that for fiscal 2013, it is projecting about $600 million EBITDA. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $545 million for fiscal 2013.  Full Article

SPX Corp Secures Approximately $40 Million New Dry Cooling System Orders
Thursday, 30 May 2013 08:00am EDT 

SPX Corp announced that its Thermal Equipment and Services segment has been awarded new orders for dry cooling systems for three different power plants in Indonesia, Jordan and Mexico totaling approximately $40 million. Under the terms of the contracts, SPX will provide air cooled condensers (ACC) to a 2x140 MW coal-fired power plant in Babelan, Indonesia, to the SAMRA III 140 MW add-on combined cycle power plant in Al Zarqa, Jordan, and to a 205 MW combined cycle power plant in San Luis de la Paz, Mexico.  Full Article

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