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SPX Corp (SPXC.N)

SPXC.N on New York Stock Exchange

30.74USD
24 Nov 2017
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$-0.08 (-0.26%)
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Latest Key Developments (Source: Significant Developments)

SPX reports third quarter 2017 results
Thursday, 2 Nov 2017 04:15pm EDT 

Nov 2 (Reuters) - SPX Corp :SPX reports third quarter 2017 results.Q3 adjusted earnings per share $0.36.Q3 earnings per share $0.50 from continuing operations.Sees FY 2017 revenue about $1.35 billion to $1.4 billion.Q3 revenue $348.5 million versus I/B/E/S view $337.6 million.Sees FY 2017 adjusted earnings per share $1.70 to $1.80.Q3 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.SPX Corp - ‍ continues to expect 2017 core revenue of approximately $1.35 billion to $1.40 billion​.  Full Article

SPX Q2 adjusted earnings per share $0.44
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - SPX Corp ::SPX reports second quarter 2017 results.Q2 adjusted earnings per share $0.44.Q2 loss per share $0.19 from continuing operations.Sees FY 2017 revenue about $1.35 billion to $1.4 billion.Q2 revenue $349.7 million versus I/B/E/S view $354.8 million.Sees FY 2017 adjusted earnings per share $1.65 to $1.75.Q2 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $1.70, revenue view $1.42 billion -- Thomson Reuters I/B/E/S.SPX Corp - ‍ now expect to have only one of original five scopes of work left by end of 2017 associated with South African projects​.SPX Corp - ‍ expect substantial completion of co's role in South Africa by end of 2019, approximately one year ahead of co's prior expectations​.SPX Corp - ‍ estimate remaining cash usage from second half of 2017 through end of South African projects to be approximately $60 to $70 million​.  Full Article

SPX reports Q1 revenue $340.6 million
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - SPX Corp :SPX reports first quarter 2017 results.Q1 adjusted earnings per share $0.38.Q1 earnings per share $0.24 from continuing operations.Q1 revenue $340.6 million versus I/B/E/S view $318.1 million.Reaffirms FY 2017 adjusted earnings per share view $1.55 to $1.70.Q1 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.SPX Corp - Remain on track to achieve our full-year 2017 guidance.FY2017 earnings per share view $1.64, revenue view $1.42 billion -- Thomson Reuters I/B/E/S.  Full Article

SPX reports Q4 adj EPS $0.69
Thursday, 23 Feb 2017 04:15pm EST 

Spx Corp : SPX reports fourth quarter and full-year 2016 results . Q4 adjusted earnings per share $0.69 . Q4 loss per share $0.07 from continuing operations . Q4 revenue $395.3 million versus I/B/E/S view $467.6 million . Q4 earnings per share view $0.65 -- Thomson Reuters I/B/E/S . Targeting 2017 core revenue in a range of $1.3 to $1.4 billion . Sees 2017 adjusted earnings per share is expected to be in a range of $1.55 to $1.70 . Sees 2017 core segment income margin of 12-13 pct .FY2017 earnings per share view $1.64, revenue view $1.47 billion -- Thomson Reuters I/B/E/S.  Full Article

SPX expects to record a pre-tax loss of $60-$70 million in connection with sale of its European power generation business
Wednesday, 23 Nov 2016 07:56am EST 

SPX Corp : Says expect to record a pre-tax loss of $60-$70 million in connection with sale of its european power generation business . Says it does not expect consummation of deal to have a material effect on co's leverage or liquidity in 2016 . Co's units committed to providing a non-interest bearing loan of EUR8.8 million to mutares ag as per deal - sec filing . The EUR8.8 million non-interest bearing loan is payable in installments due at years end 2018 and 2019 . SPX - co's units agreed to leave about eur20 million of cash and sufficient working within Balcke-Dürr . Says in event of termination of deal, breaching party will be required to pay a break-up fee of EUR2.5 million .SPX-Agreed to earn-out arrangement whereby mutares ag will pay percentage of free cash flow of Balcke-Dürr, up to EUR5 million, beginning in 2020.  Full Article

SPX Q2 adjusted earnings per share $0.26
Thursday, 4 Aug 2016 04:15pm EDT 

SPX Corp : Q2 adjusted earnings per share $0.26 . Q2 revenue $412.9 million versus i/b/e/s view $413.6 million . Reaffirms FY 2016 adjusted earnings per share view $0.95 to $1.25 . SPX reports second quarter 2016 results . Q2 loss per share $0.33 from continuing operations . Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $1.16 -- Thomson Reuters I/B/E/S.  Full Article

SPX Corp announces sale of global dry cooling business
Monday, 14 Dec 2015 09:00am EST 

SPX Corp:Announced an agreement for the sale of its Dry Cooling business to Paharpur Cooling Towers Limited.Purchase price is estimated to be approximately $48 Million, subject to adjustments for working capital at closing.Transaction is expected to be finalized during the first half of 2016 and is subject to the receipt of certain regulatory approvals.  Full Article

BRIEF-SPX reports third quarter 2017 results

* Q3 revenue $348.5 million versus I/B/E/S view $337.6 million