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Dec 31, 2024
SPX Q4 2024 Earnings Report
SPX Q4 2024 Earnings Report
Key Takeaways
SPX reported strong results for Q4 2024, with revenue increasing 13.7% year-over-year and operating income growing 42.9%. Adjusted EPS improved by 21% compared to Q4 2023, driven by solid performance in the HVAC and Detection & Measurement segments.
Revenue increased to $533.7 million, up 13.7% year-over-year.
Operating income grew to $90.2 million, a 42.9% increase.
Adjusted EPS was $1.51, up 21% from Q4 2023.
Strong performance in the HVAC segment contributed significantly to profitability.
Revenue by Segment
Forward Guidance
SPX expects continued growth in revenue and profitability for FY 2025.
Positive Outlook
- Anticipated double-digit growth in Adjusted EBITDA.
- Forecasted Adjusted EPS range of $6.00 to $6.25.
- Healthy demand in key markets.
- Favorable execution trends across businesses.
- Strong pipeline of acquisition opportunities.
Challenges Ahead
- Impact of foreign exchange fluctuations.
- Rising personnel costs.
- Potential macroeconomic uncertainties.
- Increased competition in key segments.
- Potential supply chain disruptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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