Last $104.31 USD
Change Today +0.02 / 0.02%
Volume 210.5K
SPW On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

spx corp (SPW) Snapshot

Open
$103.91
Previous Close
$104.29
Day High
$104.83
Day Low
$103.19
52 Week High
07/3/14 - $111.47
52 Week Low
09/3/13 - $73.15
Market Cap
4.4B
Average Volume 10 Days
252.8K
EPS TTM
$11.95
Shares Outstanding
42.6M
EX-Date
09/11/14
P/E TM
8.7x
Dividend
$1.50
Dividend Yield
1.20%
Current Stock Chart for SPX CORP (SPW)

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spx corp (SPW) Details

SPX Corporation provides specialized engineered solutions worldwide. It primarily operates in two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment manufactures and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies for customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services segment engineers, designs, manufactures, installs, and services thermal heat transfer products. This segment’s principal products include evaporative, dry and hybrid cooling systems, rotating and stationary heat exchangers, and pollution control systems for the power generation, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. The company also designs, manufactures, and markets power transformers, industrial tools and hydraulic units, communications and signal monitoring systems, fare collection systems, and portable cable and pipe locators. SPX Corporation markets its products through various channels, such as stocking distributors, independent manufacturing representatives, direct sales, and third-party distributors and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.

14,000 Employees
Last Reported Date: 02/21/14
Founded in 1911

spx corp (SPW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $6.3M
Chief Financial Officer and Vice President
Total Annual Compensation: $1.7M
Executive Vice President of Global Business S...
Total Annual Compensation: $2.3M
President of Global Manufacturing Operations ...
Total Annual Compensation: $1.7M
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

spx corp (SPW) Key Developments

SPX Corporation Elects Robert F. Hull to Board of Directors

SPX Corporation announced that its Board of Directors has elected Robert F. Hull, Jr. as an additional member of the company's Board of Directors. Mr. Hull will stand for re-election at the company's 2015 Annual Meeting for a term expiring in 2018. Mr. Hull, 50, has served as Chief Financial Officer of Lowe's Companies Inc. since March 2003. He joined Lowe's in 1999 as Vice President of Financial Planning and Analysis. Mr. Hull also currently serves on the Board of Trustees of the University of North Carolina at Charlotte. Mr. Hull's more than 25 years of financial expertise, including deep knowledge and experience with financial statement analysis, tax matters, supply chain efficiencies and investor relations, will benefit the Board's collective efforts aimed at helping to advance SPX's long-term growth opportunities and delivering enhanced shareholder value.

SPX Corporation Announces Quarterly Dividend Payable on October 2, 2014

SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on October 2, 2014 to shareholders of record on September 15, 2014.

SPX Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for 2014 and Provides Earnings Guidance for the Third Quarter of 2014

SPX Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $1,179.7 million compared to $1,161.9 million a year ago. Operating income was $85.1 million compared to $71 million a year ago. Income from continuing operations before income taxes was $70.4 million compared to $53.2 million a year ago. Income from continuing operations was $53.5 million or $1.25 per diluted share compared to $39.2 million or $0.81 per diluted share a year ago. Net income attributable to company common shareholders was $51.2 million or $1.17 per diluted share compared to $45.2 million or $0.98 per diluted share a year ago. Net cash used in operating activities was $41.4 million compared to $243.7 million a year ago. Capital expenditures were $12.3 million compared to $15.5 million a year ago. Total revenue in the quarter was up 1.5% versus the prior year, due primarily to currency. For six months, the company reported revenues of $2,249.1 million compared to $2,252.4 million a year ago. Operating income was $100.2 million compared to $101 million a year ago. Income from continuing operations before income taxes was $526.5 million compared to $67.4 million a year ago. Income from continuing operations was $349.9 million or $7.90 per diluted share compared to $53.8 million or $8.30 per diluted share a year ago. Net income attributable to company common shareholders was $369.4 million or $8.30 per diluted share compared to $53.9 million or $1.15 per diluted share a year ago. Net cash used in operating activities was $102.0 million compared to $310.1 million a year ago. Capital expenditures were $23.6 million compared to $34.5 million a year ago. The company reaffirmed adjusted earnings per share from continuing operations guidance range of $5.00 to $5.50 for the full year of 2014. The company now targeting 3% to 5% revenue growth and 80 points of margin expansion. Free cash flow range is unchanged at $225 million to $275 million. Third adjusted EPS guidance range is $1.30 to $1.40.

 

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Industry Analysis

SPW

Industry Average

Valuation SPW Industry Range
Price/Earnings 9.4x
Price/Sales 1.0x
Price/Book 2.0x
Price/Cash Flow 7.9x
TEV/Sales 0.6x
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