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AI brief of an SEC Form 8-K · SPX Technologies (SPXC)

SPX Technologies raises 2024 adjusted EPS guidance to $5.45-$5.60 on Q2 sales growth

Positive Impact 4 of 5 earnings Written later

SPX Technologies reported second quarter 2024 revenue of $501.3 million, up 18.4% from a year earlier, and net income of $44.2 million, up 22.8%. The company raised its full-year 2024 adjusted EPS guidance to $5.45-$5.60 from $5.15-$5.40, which matters to shareholders because it reflects higher expected earnings for the year.

Key points

  • Q2 2024 revenue was $501.3 million, compared with $423.3 million in Q2 2023.
  • Q2 2024 GAAP diluted EPS from continuing operations was $0.96, compared with $0.82; it included an $8.4 million charge for a settlement with the seller of ULC Robotics.
  • Adjusted EPS was $1.42, compared with $1.06 in Q2 2023.
  • Full-year 2024 adjusted EPS guidance is $5.45-$5.60, up from $5.15-$5.40; adjusted EBITDA guidance is $410-$430 million, up from $390-$420 million.

The filing

CompanySPX Technologies (SPXC)
Form8-K, current report
Filed with the SECAug 1, 2024, 4:08 PM ET
Accession number0000088205-24-000048

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.