SPX (SPXC)

Company Profile

SPX Corporation is, along with its subsidiaries, a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation and air conditioning (HVAC), detection and measurement, and engineered solutions. With operations in 17 countries and approximately $1.4 billion in annual revenue, the company offers a wide array of highly engineered products with strong brands.

Company profile

Ticker

SPXC

Exchange

NYSE

Website

www.spx.com

CEO

Eugene Joseph Lowe III

Incorporated

Delaware

Location

North Carolina

Fiscal year end

Dec 31

Sector

Manufacturing > Iron and Steel Forging

Industry (SIC)

Metalworkg Machinery & Equipment

Lincoln Electric • SPX FLOW • NN • P & F Industries • Chicago Rivet & Machine ...

Former names

SPX CORP

SEC CIK

0000088205

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Arrendadora Korco, S.A. de C.V. • Ballantyne Holdings LLC • Ballantyne Legacy Holdings, LLC • Beacon Navigation Pty Ltd • Bethpage Finance S.a.r.l. • Beyond Vision, LLC • Cincinnati Fan & Ventilator Company, Inc. • Communication Technologies Dominican Republic (COMMTECHDR), SRL • CUES Canada Inc. • CUES, Inc. ...

IRS number

381016240

SPXC stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

Conflict minerals disclosure

18 May 23

8-K

Submission of Matters to a Vote of Security Holders

4 May 23

SPX Technologies Reports First Quarter 2023 Results

4 May 23

8-K

Entry into a Material Definitive Agreement

4 May 23

8-K

Entry into a Material Definitive Agreement

27 Apr 23

ARS

2022 FY

Annual report to shareholders

28 Mar 23

DEFA14A

Additional proxy soliciting materials

Departure of Directors or Certain Officers

14 Mar 23

Transcripts

View all

SPXC

Earnings call transcript

2022 Q4

23 Feb 23

SPXC

Earnings call transcript

2022 Q3

3 Nov 22

SPXC

Earnings call transcript

2022 Q2

7 Aug 22

SPXC

Earnings call transcript

2022 Q1

8 May 22

SPXC

Earnings call transcript

2021 Q4

24 Feb 22

SPXC

Earnings call transcript

2021 Q3

7 Nov 21

SPXC

Earnings call transcript

2021 Q2

7 Aug 21

SPXC

Earnings call transcript

2021 Q1

9 May 21

SPXC

Earnings call transcript

2020 Q4

24 Feb 21

SPXC

Earnings call transcript

2020 Q3

1 Nov 20

Latest ownership filings

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144

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart SPXC financial data

Quarter (USD)	Apr 23	Dec 22	Oct 22	Jul 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	204.80 mm	204.80 mm	204.80 mm	204.80 mm	204.80 mm	204.80 mm
Cash burn (monthly)	(no burn)	4.83 mm	(no burn)	(no burn)	1.47 mm	7.00 mm
Cash used (since last report)	n/a	9.85 mm	n/a	n/a	2.99 mm	14.26 mm
Cash remaining	n/a	194.95 mm	n/a	n/a	201.81 mm	190.54 mm
Runway (months of cash)	n/a	40.3	n/a	n/a	137.6	27.2

Beta Read what these cash burn values mean

Financial data from SPX earnings reports.

Institutional ownership, Q1 2023

SPXC institutional ownership history Ownership history

90.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	226	231	-2.2%
Opened positions	31	51	-39.2%
Closed positions	36	15	+140.0%
Increased positions	74	70	+5.7%
Reduced positions	76	74	+2.7%

13F shares	Current	Prev Q	Change
Total value	2.88 tn	2.63 tn	+9.7%
Total shares	40.97 mm	41.54 mm	-1.4%
Total puts	12.40 k	10.40 k	+19.2%
Total calls	16.40 k	9.90 k	+65.7%
Total put/call ratio	0.8	1.1	-28.0%

Largest owners	Shares	Value	Change
BLK Blackrock	7.54 mm	$532.14 bn	+1.2%
Vanguard	4.95 mm	$349.03 bn	+1.4%
T. Rowe Price Investment Management	4.01 mm	$283.25 bn	-5.9%
Earnest Partners	2.18 mm	$153.65 bn	-0.4%
STT State Street	1.67 mm	$117.61 bn	+1.2%
AMP Ameriprise Financial	1.39 mm	$98.19 bn	-17.0%
Dimensional Fund Advisors	1.20 mm	$84.64 bn	+0.6%
FMR	1.04 mm	$73.53 bn	-4.0%
Neuberger Berman	1.03 mm	$72.57 bn	+307.9%
GW&K Investment Management	1.03 mm	$72.54 bn	+13.4%

Largest transactions	Shares	Bought/sold	Change
Neuberger Berman	1.03 mm	+776.13 k	+307.9%
Norges Bank	0.00	-436.09 k	EXIT
Brown Advisory	77.06 k	-322.35 k	-80.7%
AMP Ameriprise Financial	1.39 mm	-285.19 k	-17.0%
T. Rowe Price Investment Management	4.01 mm	-252.08 k	-5.9%
Channing Capital Management	932.92 k	-126.83 k	-12.0%
GW&K Investment Management	1.03 mm	+121.37 k	+13.4%
GS Goldman Sachs	646.80 k	+103.63 k	+19.1%
Comerica Bank	0.00	-92.46 k	EXIT
BLK Blackrock	7.54 mm	+92.14 k	+1.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SPXC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 May 23	J Randall Data	Common Stock	Sell	Dispose S	No	Yes	77.37	3,790	293.23 k	67,124
17 May 23	J Randall Data	Common Stock	Sell	Dispose S	No	Yes	76.64	3,965	303.88 k	70,914
17 May 23	J Randall Data	Common Stock	Sell	Dispose S	No	Yes	75.6	3,245	245.32 k	74,879
9 May 23	David A Roberts	Common Stock	Grant	Acquire A	No	No	0	1,770	0.00	38,703
9 May 23	Toth Robert B	Common Stock	Grant	Acquire A	No	No	0	1,770	0.00	23,002
9 May 23	Shaw Ruth G	Common Stock	Grant	Acquire A	No	No	0	1,770	0.00	38,763
9 May 23	Oleary Patrick J	Common Stock	Grant	Acquire A	No	No	0	1,770	0.00	38,703