Every material Form 8-K SPX Technologies filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SPX Technologies reported third-quarter 2024 revenue of $483.7 million, up from $448.7 million a year earlier, and diluted EPS from continuing operations of $1.08, up from $0.76. Adjusted EPS was $1.39, compared with $1.06. The company kept its full-year adjusted EBITDA and adjusted EPS guidance but narrowed its full-year revenue range to $1.97-$2.00 billion from $1.97-$2.02 billion.
Q3 2024 revenue $483.7 million vs. $448.7 million in Q3 2023; HVAC revenue rose 15.9% while Detection & Measurement fell 7.0%
Diluted EPS from continuing operations $1.08 vs. $0.76; adjusted EPS $1.39 vs. $1.06 (non-GAAP)
Full-year 2024 adjusted EBITDA guidance held at $410-$430 million; adjusted EPS guidance held at $5.45-$5.60
Full-year revenue guidance narrowed to $1.97-$2.00 billion, from $1.97-$2.02 billion; Form 10-Q due on or before November 7, 2024
SPX Technologies' subsidiary SPX Enterprises entered into a Second Amendment to its credit agreement with Bank of America, N.A. as administrative agent, effective August 30, 2024. The amendment doubles aggregate revolving credit commitments from $500.0 million to $1.0 billion, and the company expects to use the added capacity in part to finance permitted acquisitions and for other corporate purposes.
Revolving credit commitments increased from $500.0 million to $1.0 billion
Second Amendment effective August 30, 2024; filed as Exhibit 10.1
Company expects to use the increased capacity in part to finance permitted acquisitions
Original Credit Agreement dated August 12, 2022; Bank of America, N.A. is administrative agent
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.
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.
SPX Technologies reported first quarter 2024 revenue of $465.2 million, up from $399.8 million a year earlier, and GAAP diluted EPS of $1.05 versus $0.84. The company raised its full-year 2024 adjusted EPS guidance to $5.15 to $5.40 from $4.85 to $5.15, citing strong HVAC demand, which benefits shareholders as profit measures grew and the outlook improved.
Q1 2024 revenue $465.2 million vs. $399.8 million; net income $49.0 million vs. $42.8 million
Diluted EPS from continuing operations $1.05 vs. $0.84; adjusted EPS $1.25 vs. $0.93
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SPX Technologies filing is on SEC EDGAR ↗. 8-K briefs of other companies →