Last €75.95 EUR
Change Today +2.08 / 2.81%
Volume 0.0
SPW On Other Exchanges
Symbol
Exchange
New York
Munich
As of 10:01 AM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

spx corp (SPW) Snapshot

Open
€73.94
Previous Close
€73.87
Day High
€75.95
Day Low
€73.37
52 Week High
09/9/14 - €81.99
52 Week Low
10/15/14 - €64.15
Market Cap
3.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
41.1M
EX-Date
12/11/14
P/E TM
--
Dividend
€1.50
Dividend Yield
1.35%
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 Declares Quarterly Dividend, Payable on January 5, 2015

SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on January 5, 2015 to shareholders of record on December 15, 2014.

SPX Corporation Receives the Requisite Consents to Amend the Indenture Governing the 6.875% Senior Notes Due 2017

SPX Corporation announced the expiration of its previously announced consent solicitation relating to its 6.875% Senior Notes due 2017, and that it has received the requisite consents to amend the indenture governing the Notes. The consent solicitation expired at 5:00 p.m., New York City time, on November 7, 2014. The consent solicitation was made upon the terms and subject to the conditions set in the Consent Solicitation Statement dated October 29, 2014. The purpose of the consent solicitation was to amend certain provisions of the indenture governing the Notes to clarify the application of Article Five of the indenture to the spin-off of SPX's Flow Technology reportable segment, along with its hydraulic technologies business. At the Expiration Time, consents from holders of $591.174 million aggregate principal amount of Notes, representing 98.53% of the outstanding Notes, had been validly delivered and not revoked. As a result, the requisite number of consents have been received with respect to the consent solicitation. Accordingly, the Company and U.S. Bank National Association, the trustee under the indenture governing the Notes, entered into a supplemental indenture, which amended the indenture to clarify that the Flowco Asset Transfer would constitute the transfer of substantially all of SPX's property and assets to Future Flow Company for purposes of Section 5.01 of the indenture Holders of Notes who validly delivered and did not revoke consents at or prior to the Expiration Time received the Consent Fee on November 10, 2014.

SPX Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

SPX Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company's revenues were $1,158.1 million compared to $1,145.8 million a year ago. Operating income was $103.5 million compared to $96.9 million a year ago. Income from continuing operations before income taxes was $90.8 million compared to $79.7 million a year ago. Income from continuing operations was $64.8 million or $1.52 per diluted share compared to $63.1 million or $1.42 per diluted share a year ago. Net income attributable to the company common shareholders was $63.5 million or $1.50 per diluted share compared to $69.3 million or $1.54 per diluted share a year ago. Net cash from operating activities was $39.0 million compared to $152.6 million a year ago. Capital expenditures were $17.8 million compared to $8.0 million a year ago. Free cash flow from continuing operations was $15.2 million against $140.8 million a year ago. Adjusted free cash flow from continuing operations was $77.8 million against $140.8 million a year ago. Adjusted diluted net income per share of common stock from continuing operations attributable to SPX Corporation common shareholders was $1.62 against $1.42 a year ago. Overall, revenue was lighter than anticipated, due primarily to shipping delays and currency fluctuations. For the nine months, the company's revenues were $3,407.2 million compared to $3,398.2 million a year ago. Operating income was $203.7 million compared to $197.9 million a year ago. Income from continuing operations before income taxes was $617.3 million compared to $147.1 million a year ago. Income from continuing operations was $414.7 million or $9.50 per diluted share compared to $116.9 million or $2.48 per diluted share a year ago. Net income attributable to the company common shareholders was $432.9 million or $9.89 per diluted share compared to $123.2 million or $2.67 per diluted share a year ago. Net cash used in operating activities was $63.0 million compared to $157.5 million a year ago. Capital expenditures were $41.4 million compared to $42.5 million a year ago. The company provided earnings guidance for the fourth quarter and full year of 2014. For the quarter, the company expected adjusted EPS guidance range is $2.05 to $2.30 per share. The company is targeting $155 million to $205 million of adjusted free cash flow. For the period, the company is targeting 0% to 1% revenue growth and 80 points of margin expansion. And the company updated the adjusted earnings per share from continuing operations guidance range to $5.25 to $5.50 from the previous range of $5.00 to $5.50 per share, an increase of $0.13 per share at the mid-point. The tax rate is estimated to be between 25% and 26%.

 

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SPW

Industry Average

Valuation SPW Industry Range
Price/Earnings 8.2x
Price/Sales 0.8x
Price/Book 1.9x
Price/Cash Flow 6.9x
TEV/Sales 0.4x
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