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Sep 28, 2024
SPX Q3 2024 Earnings Report
SPX Technologies reported solid growth in revenue and significant margin expansion in HVAC and Detection & Measurement segments.
Key Takeaways
SPX Technologies reported Q3 2024 results with revenue of $483.7 million and operating income of $78.9 million. Net income was $50.2 million, and adjusted EPS was $1.39. The company is well-positioned to achieve full-year guidance.
Revenue increased to $483.7 million from $448.7 million in Q3 2023.
Operating income rose to $78.9 million from $57.7 million in Q3 2023.
Net income was $50.2 million, compared to a loss of $20.4 million in Q3 2023.
Adjusted EPS increased to $1.39 from $1.06 in Q3 2023.
SPX
SPX
SPX Revenue by Segment
Revenue by Segment
HVAC Revenue
CapyFin.comDetection & Measurement Revenue
CapyFin.com Forward Guidance
SPX continues to target full-year 2024 guidance for adjusted EBITDA in a range of $410-$430 million and adjusted earnings per share in a range of $5.45-$5.60. The Company is narrowing full-year 2024 revenue guidance to a range of $1.97-$2.00 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income