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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.
SPX
SPX
SPX Revenue by Segment
Revenue by Segment
HVAC Revenue
CapyFin.comDetection & Measurement Revenue
CapyFin.com 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.