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SPX FLOW Inc (FLOW.N)

FLOW.N on New York Stock Exchange

46.84USD
16 Feb 2018
Change (% chg)

$0.21 (+0.45%)
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Open
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Volume
77,870
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69,104
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$49.48
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$31.07

Latest Key Developments (Source: Significant Developments)

Spx Flow Q4 Earnings Per Share $0.72 Including Items
Tuesday, 6 Feb 2018 06:30am EST 

Spx Flow Inc ::SPX FLOW REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND PROVIDES 2018 FINANCIAL GUIDANCE.Q4 REVENUE ROSE 6.8 PERCENT TO $529.2 MILLION.SEES FY 2018 EARNINGS PER SHARE $2.21 TO $2.56.Q4 ADJUSTED EARNINGS PER SHARE $0.52 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.72 INCLUDING ITEMS.SEES FY 2018 REVENUE UP 4 TO 6 PERCENT.SEES Q4 2017 EARNINGS PER SHARE $0.72.QTRLY ORDERS INCREASED 24.6% TO $564.9 MILLION, AS COMPARED TO $453.3 MILLION IN YEAR-AGO QUARTER.Q4 EARNINGS PER SHARE VIEW $0.50, REVENUE VIEW $515.4 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.44, REVENUE VIEW $2.06 BILLION -- THOMSON REUTERS I/B/E/S.SEES 2018 FULL YEAR REVENUE $2,025 MILLION TO $2,075 MILLION.SEES 2018 FULL YEAR FREE CASH FLOW $105 MILLION TO $125 MILLION.AS A RESULT OF TAX CUTS AND JOBS ACT, COMPANY RECORDED A NET TAX BENEFIT OF $20.8 MILLION IN Q4.  Full Article

SPX FLOW Awarded Contract To Establish High-Value Dairy Ingredients Plant In Spain
Wednesday, 20 Dec 2017 08:30am EST 

Dec 20 (Reuters) - Spx Flow Inc ::SPX FLOW AWARDED CONTRACT TO ESTABLISH HIGH-VALUE DAIRY INGREDIENTS PLANT IN SPAIN.SPX FLOW INC - ‍AWARDED A CONTRACT WORTH APPROXIMATELY $60 MILLION TO ESTABLISH A DAIRY INGREDIENTS PLANT IN GALICIA, SPAIN​.SPX FLOW INC - ‍WORK ON PROJECT WILL COMMENCE IMMEDIATELY AND IT IS ANTICIPATED PLANT WILL BEGIN OPERATING IN EARLY 2020​.SPX FLOW INC - ANTICIPATES DAIRY INGREDIENTS PLANT WILL BEGIN OPERATING IN EARLY 2020.  Full Article

SPX Flow Q3 earnings per share $0.30
Wednesday, 1 Nov 2017 06:30am EDT 

Nov 1 (Reuters) - SPX Flow Inc :SPX Flow reports third quarter 2017 results.Q3 revenue $491 million versus I/B/E/S view $493.8 million.Q3 adjusted earnings per share $0.42.Q3 earnings per share $0.30.Sees FY 2017 revenue $1.92 billion to $1.94 billion.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.SPX Flow Inc - ‍updated 2017 full year guidance​.SPX Flow Inc - ‍reaffirmed 2018 financial framework​.SPX Flow Inc - sees ‍fy 2017 earnings per share (pre-adjusted basis​) $0.70 to $0.82.SPX Flow Inc - ‍increased full year 2017 adjusted free cash flow guidance to a range of $150 to $160 million​.SPX Flow Inc - sees fy 2017 adjusted basis​ ‍earnings per share $1.14 to $1.26.Fy2017 earnings per share view $1.39, revenue view $1.95 billion -- Thomson Reuters I/B/E/S.SPX Flow Inc - ‍realignment program is nearly complete and expect to realize full, annualized benefit of $140 million savings target in 2018​.  Full Article

SPX Flow reports Q2 GAAP earnings per share $0.24
Wednesday, 2 Aug 2017 06:30am EDT 

Aug 2 (Reuters) - Spx Flow Inc ::SPX Flow reports second quarter 2017 results.Q2 GAAP earnings per share $0.24.Q2 revenue $498 million versus I/B/E/S view $500.4 million.Q2 adjusted earnings per share $0.33 excluding items.Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Have clearer visibility to 2018 financial framework, which targets ebitda in range of $240 to $260 million.Food and beverage revenues for Q2 2017 were $176.5 million, compared to $188.0 million in Q2 2016.SPX Flow Inc says orders for quarter increased 3.8pct to $503.6 million, as compared to $485.1 million in year-ago quarter.  Full Article

SPX FLOW sees 2017 earnings per share adjusted basis of $1.20 to $1.50
Monday, 24 Jul 2017 08:30am EDT 

July 24 (Reuters) - SPX FLOW Inc ::SPX FLOW announces preliminary Q2 2017 financial results.Sees FY 2017 revenue $1.925 billion to $1.975 billion.Sees Q2 revenue around $498 million versus I/B/E/S view $496.4 million.Q2 2017 EPS is expected to be in range of $0.23 to $0.25 per share.Sees Q2 2017 adjusted EPS to be in range of $0.32 to $0.34 per share, includes ($0.02) of foreign currency losses recorded in other expense.Increased FY 2017 revenue guidance primarily to reflect $64 million benefit from currency.Sees Q2 2017 orders on adjusted basis of about $504 million, up 4 percent year-over-year.At Q2 end, sees backlog around $931 million, up 6 percent year-over-year.Sees 2017 net income pre-adjusted basis $19 million to $32 million, adjusted basis $50 million to $63 million.Sees 2017 earnings per share pre-adjusted basis $0.45 to $0.75.Sees 2017 earnings per share adjusted basis $1.20 to $1.50.Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.84, revenue view $1.92 billion -- Thomson Reuters I/B/E/S.2017 updated full year adjusted EBITDA is now targeted to be between $195 to $215 million.Maintaining 2017 adjusted free cash flow guidance of $130 million to $150 million.  Full Article

SPX Flow board of directors appoint Robert Hull as chairman
Tuesday, 7 Mar 2017 08:30am EST 

Spx Flow Inc : Says chairman of the board chris kearney to retire . Spx flow board of directors appoints robert f. Hull, jr. As chairman .Spx flow inc- upon kearney's retirement, spx flow's board of directors will be comprised of seven directors, including six independent members.  Full Article

SPX FLOW reports Q4 2016 GAAP earnings per share $0.16
Wednesday, 8 Feb 2017 06:30am EST 

Spx Flow Inc : Reports Q4 2016 adjusted earnings per share $0.46 . Reports Q4 2016 gaap earnings per share $0.16 . Spx flow reports fourth quarter and full year 2016 results and provides 2017 financial guidance . Q4 revenue $495.4 million versus i/b/e/s view $504.6 million . Sees FY 2017 adjusted earnings per share $1.60 to $1.90 . Sees FY 2017 revenue $1.825 billion to $1.9 billion . Sees FY 2017 gaap earnings per share $0.90 to $1.20 . Spx flow inc - savings target for multi-year global realignment program increased to $140 million . Spx flow inc - in 2017 and 2018, targeting incremental savings of $55 million and $15 million, respectively . Spx flow inc - "although we are encouraged by recent economic data, we have yet to see a meaningful increase in our order run-rates" . Spx flow inc - 2017 guidance assumes a consistent order rate to second half of 2016 . Spx flow inc - q4 2016 gaap earning per share of $0.16 . FY2017 earnings per share view $1.74, revenue view $1.89 billion -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.  Full Article

SPX Flow announces pricing of offering of $600 mln of senior notes
Thursday, 4 Aug 2016 06:30pm EDT 

SPX Flow Inc : SPX Flow Inc announces pricing of offering of $600 million of senior notes . Priced notes also comprised of $300 million aggregate principal amount of 5.875 pct senior unsecured notes due 2026 .Priced notes comprised of $300 million aggregate principal amount of 5.625 pct senior unsecured notes due 2024.  Full Article

SPX Flow qtrly adjusted earnings per share of $0.46
Wednesday, 3 Aug 2016 06:58am EDT 

SPX Flow Inc : Narrowed 2016 adjusted EPS guidance range to $1.85 to $2.05 per share . Qtrly revenues declined 14.0% to $528.8 million, from $615.1 million in year-ago quarter . Company also recorded $10.8 million of special charges related to its previously announced realignment program in Q2 . During Q3, plan to refinance all of $600 million senior notes due in 2017 . Q2 gaap loss per share $8.52 including items . Now expect $60 million of savings to be achieved in 2016, up from our previous target of $40 million . SPX Flow Inc sees 2016 loss per share $8.20 to $8.40 . Total cost of global realignment program now expected to be approximately $160 million . Also recorded impairment charge of $173.6 million related to certain intangible assets within its power and energy reportable segment in quarter . Reported adjusted earnings per share of $0.46 for quarter . Increased target savings from realignment program to about $135 million . At bottom line, we narrowed our full year 2016 eps guidance range to $1.85 to $2.05 per share . Q2 earnings per share view $0.41, revenue view $537.4 million -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $1.84 -- Thomson Reuters I/B/E/S . Sees reduced revenue and segment income in second half of 2016 due to lower than anticipated orders in first half . Sees 2016 revenue $2,040 to $2,090 million.  Full Article

SPX FLOW proposes offering of $600 million of senior notes
Wednesday, 3 Aug 2016 06:30am EDT 

SPX FLOW Inc :Spx flow, inc. Announces proposed offering of $600 million of senior notes.  Full Article

BRIEF-Spx Flow Q4 Earnings Per Share $0.72 Including Items

* SPX FLOW REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND PROVIDES 2018 FINANCIAL GUIDANCE