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Sep 26, 2020

SPX Q3 2020 Earnings Report

SPX reported strong Q3 2020 results, with revenue and segment margin increases in HVAC and Engineered Solutions.

Key Takeaways

SPX Corporation reported Q3 2020 results with revenue of $363.4 million and operating income of $30.0 million. GAAP EPS was $0.49, and adjusted EPS was $0.64. The company anticipates full-year 2020 earnings to be modestly higher than 2019.

SPX reported Q3 2020 revenue of $363.4 million and operating income of $30.0 million.

GAAP EPS was $0.49, and adjusted EPS was $0.64.

HVAC and Engineered Solutions segments reported year-on-year increases in revenue and segment margin.

The company anticipates full-year 2020 earnings to be modestly higher than the prior year.

Total Revenue
$363M
Previous year: $365M
-0.4%
EPS
$0.64
Previous year: $0.6
+6.7%
HVAC Organic Revenue Growth
4%
Detection/Measurement Organic Revenue Growth
-16.7%
Gross Profit
$108M
Previous year: $106M
+2.0%
Cash and Equivalents
$70.7M
Previous year: $49.3M
+43.4%
Total Assets
$2.25B
Previous year: $2.06B
+9.1%

SPX

SPX

SPX Revenue by Segment

Forward Guidance

The company anticipates an overall solid finish to the year, and earnings for the full-year 2020 that are modestly higher than the prior year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income