SPX Q4 2020 Earnings Report
Key Takeaways
SPX Corporation reported Q4 2020 results with a revenue of $456.8 million, an increase from $443.4 million in Q4 2019. However, the operating income decreased to $34.9 million from $51.6 million in the same period. The adjusted EPS was $0.89, down from $0.96 in Q4 2019.
Revenue increased to $456.8 million from $443.4 million year-over-year.
Operating income decreased to $34.9 million from $51.6 million year-over-year.
Adjusted EPS decreased to $0.89 from $0.96 year-over-year.
The company is targeting 2021 adjusted EPS in a range of $3.00 to $3.20.
SPX
SPX
SPX Revenue by Segment
Forward Guidance
SPX is targeting 2021 adjusted consolidated revenue of approximately $1.6 billion, an adjusted operating income margin of approximately 12%, and adjusted earnings per share in a range of $3.00 to $3.20.
Positive Outlook
- HVAC: Growth of low-to-mid single digits %
- HVAC: Modest increase in segment income margin
- Detection & Measurement: Growth of low-to-mid teens % including 2020 acquisitions impact
- Engineered Solutions: Growth of low-single digits %
- Total SPX Adjusted: Growth of mid-single digits %
Challenges Ahead
- Detection & Measurement: Approximately flat segment income margin
- Engineered Solutions: Approximately flat segment income margin
- Total SPX Adjusted: Modest increase in segment income margin
- Non-GAAP financial guidance excludes items, which would be included in GAAP financial measures that are not indicative of on-going performance
- Ultimate aggregate amounts associated with these items are out of our control and/or cannot be reasonably predicted
Revenue & Expenses
Visualization of income flow from segment revenue to net income