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Dec 31, 2019
SPX Q4 2019 Earnings Report
SPX's Q4 2019 earnings were reported, with adjusted EPS of $0.96 and revenue of $444.6 million.
Key Takeaways
SPX Corporation reported Q4 2019 revenue of $444.6 million and operating income of $51.0 million. The adjusted EPS was $0.96, compared to $0.91 in Q4 2018. The company completed the acquisition of Patterson-Kelley within its HVAC segment.
SPX reported revenue of $444.6 million and operating income of $51.0 million.
Adjusted revenue was $445.1 million and adjusted operating income was $62.6 million.
Diluted EPS was $0.75, while adjusted EPS was $0.96.
The company completed three strategic acquisitions, including Patterson-Kelley.
SPX
SPX
SPX Revenue by Segment
Revenue by Segment
HVAC Revenue
CapyFin.comDetection & Measurement Revenue
CapyFin.com Forward Guidance
SPX is targeting 2020 adjusted revenue of approximately $1.6 billion with adjusted segment income margin of 15.0-16.0% and adjusted operating income margin of approximately 11.5%. Adjusted earnings per share is expected to be in a range of $2.90 to $3.05.
Positive Outlook
- Targeting 2020 adjusted revenue of approximately $1.6 billion
- Adjusted segment income margin of 15.0-16.0%
- Adjusted operating income margin of approximately 11.5%
- Adjusted earnings per share is expected to be in a range of $2.90 to $3.05
- HVAC revenue in a range of $630-640 million (+7% vs 2019 at midpoint)
Challenges Ahead
- Detection & Measurement revenue in a range of $395-415 million (+5% vs 2019 at midpoint)
- Engineered Solutions revenue in a range of $550-560 million (+1% vs 2019 at midpoint)
- HVAC Segment Income Margin 16-16.5%
- Detection & Measurement Segment Income Margin 23-24%
- Engineered Solutions Segment Income Margin ~8.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income