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SPXC Earning Date, Transcript Summary & Report

SPX Technologies Inc
$
134.260
+2.840(+2.160%)

SPXC Earnings Prediction

The chart below shows how SPXC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SPXC sees a +1.54% change in stock price 10 days leading up to the earnings, and a +6.80% change 10 days following the report. On the earnings day itself, the stock moves by -0.06%. This data can give you a slight idea of what to expect for the next quarter's release.

SPXC Key Earning Data

2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available

SPXC Earnings Analysis

SPX Technologies, Inc. Corporation (SPXC.N) Earnings Conference Call

Positive

  • Strong Q3 Revenue and Profit: Our Q3 results reflect solid revenue growth and substantial increases in our key profit measures.

  • Strong Margin Performance: Our margin performance was strong across both segments and we continue to execute on our key value creation initiatives, including sustainability and continuous improvement.

  • Strong Financial Guidance: We are well positioned to achieve our fully year guidance, which reflects a year-on-year increase in adjusted EBITDA of approximately 35% and an increase in adjusted EPS of 28%.

  • Revenue Growth in HVAC: For the third quarter, we grew revenue by 7.8%, driven by strength in HVAC cooling.

  • EBITDA Growth and Margin Expansion: Adjusted EBITDA increased approximately 27% year-on-year with 320 basis points of margin expansion.

Negative

  • Strong Quarterly Results: O u r t h i r d q u a r t e r r e s u l t s w e r e s t r o n g .

  • Adjusted EPS Growth: Y e a r - o n - y e a r , a d j u s t e d E P S g r e w 3 1 % t o $ 1 . 3 9 .

  • Quarterly Revenue Increase: F o r t h e q u a r t e r , t o t a l c o m p a n y r e v e n u e i n c r e a s e d 7 . 8 % y e a r - o n - y e a r .

  • Organic and Acquisition Revenue Growth: O r g a n i c a l l y , r e v e n u e g r e w 3 % , w h i l e a c q u i s i t i o n s d r o v e a n i n c r e a s e o f 4 . 4 % , F X w a s a m o d e s t t a i l w i n d .

  • Segment Income Growth: C o n s o l i d a t e d s e g m e n t i n c o m e g r e w b y $ 2 2 . 2 m i l l i o n o r 2 4 . 2 % t o $ 1 1 3 . 8 m i l l i o n , w h i l e s e g m e n t m a r g i n i n c r e a s e d 3 1 0 b a s i s p o i n t s .

  • HVAC Revenue Growth: F o r t h e q u a r t e r , i n o u r H V A C s e g m e n t , r e v e n u e s g r e w 1 5 . 9 % y e a r - o n - y e a r .

  • Revenue Growth Drivers: O n a n o r g a n i c b a s i s , r e v e n u e s i n c r e a s e d 9 % , d r i v e n b y c o n t i n u e d s t r e n g t h i n c o o l i n g d e m a n d , w h i l e h e a t i n g w a s s i m i l a r t o t h e p r i o r y e a r .

  • Acquisition-Driven Growth: T h e a c q u i s i t i o n o f I n g e n i a a n d o u r c o o l i n g p l a t f o r m c o n t r i b u t e d g r o w t h o f 6 . 8 % , w h i l e t h e F X i m p a c t w a s n o m i n a l .

  • Segment Income Growth: S e g m e n t i n c o m e g r e w b y $ 2 1 . 7 m i l l i o n o r 3 7 . 2 % w h i l e s e g m e n t m a r g i n i n c r e a s e d 3 7 0 b a s i s p o i n t s .

  • Segment Income and Margin Growth: T h e i n c r e a s e s i n s e g m e n t i n c o m e a n d m a r g i n w e r e d u e t o o p e r a t i n g l e v e r a g e o n h i g h e r o r g a n i c c o o l i n g s a l e s a n d t h e I n g e n i a a c q u i s i t i o n .

  • Segment Backlog Increase: S e g m e n t b a c k l o g a t q u a r t e r e n d w a s $ 4 3 8 m i l l i o n , u p m o d e s t l y f r o m Q 3 .

  • Revenue Decline in Segment: F o r t h e q u a r t e r i n t h e D e t e c t i o n & M e a s u r e m e n t s e g m e n t , r e v e n u e s d e c r e a s e d 7 % y e a r - o n - y e a r .

  • Market Tailwind Impact: F X w a s a 0 . 8 % t a i l w i n d .

  • Revenue Decrease Factors: D e c r e a s e i n r e v e n u e w a s d r i v e n l a r g e l y b y l o w e r c o n t r a c t s a l e s a s s o c i a t e d w i t h t h e l a r g e p a s s - t h r o u g h p r o j e c t d e l i v e r e d d u r i n g 2 0 2 3 a n d i n t o t h e f i r s t q u a r t e r o f 2 0 2 4 .

  • Revenue Growth Excluding Pass-Through: E x c l u d i n g t h e p a s s - t h r o u g h p r o j e c t , r e v e n u e g r e w a p p r o x i m a t e l y 3 % , d r i v e n b y t r a n s p o r t a t i o n a n d A t o N p r o j e c t s a l e s .

  • Segment Income Growth: Y e a r - o n - y e a r s e g m e n t i n c o m e g r e w $ 0 . 5 m i l l i o n a n d m a r g i n i n c r e a s e d 1 9 0 b a s i s p o i n t s , d r i v e n b y m o r e f a v o r a b l e p r o j e c t m i x .

  • Segment Income Margin Improvement: S e g m e n t i n c o m e m a r g i n a l s o c o n t i n u e d t o b e n e f i t f r o m o u r e f f o r t s t o e n h a n c e t h e e f f i c i e n c y o f o u r s e g m e n t s t r u c t u r e .

  • Segment Backlog Decline: S e g m e n t b a c k l o g a t q u a r t e r e n d w a s $ 1 9 3 m i l l i o n , d o w n 5 . 8 % s e q u e n t i a l l y f r o m Q 3 , r e f l e c t i n g t h e t i m i n g o f c e r t a i n p r o j e c t d e l i v e r i e s a n d a w a r d s .

  • Cash and Debt Overview: I n Q 3 w i t h c a s h o f $ 1 2 9 m i l l i o n a n d t o t a l d e b t o f $ 7 3 8 m i l l i o n .

  • Leverage Ratio Calculation: O u r l e v e r a g e r a t i o i s c a l c u l a t e d u n d e r o u r b a n k c r e d i t a g r e e m e n t w a s 1 . 4 x .

  • Leverage Ratio Decline: W e n o w a n t i c i p a t e o u r l e v e r a g e r a t i o d e c l i n i n g t o 1 . 2 x o r l o w e r b y y e a r - e n d , b e l o w o u r t a r g e t r a n g e o f 1 . 5 t o 2 . 5 x , a s s u m i n g n o a d d i t i o n a l c a p i t a l d e p l o y m e n t .

  • Adjusted Free Cash Flow: A d j u s t e d f r e e c a s h f l o w f o r t h e q u a r t e r w a s a p p r o x i m a t e l y $ 6 1 m i l l i o n .

  • Credit Facility Expansion: D u r i n g t h e q u a r t e r , w e a m e n d e d o u r c r e d i t a g r e e m e n t t o d o u b l e t h e s i z e o f o u r r e v o l v i n g c r e d i t f a c i l i t y f o r $ 1 b i l l i o n i n o r d e r t o b e t t e r m a t c h o u r i n c r e a s e d s i z e a n d g r o w t h o p p o r t u n i t i e s .

  • Guidance Maintenance: W e a r e m a i n t a i n i n g o u r f u l l y e a r g u i d a n c e f o r a d j u s t e d E B I T D A a n d a d j u s t e d E P S .

  • HVAC Revenue Guidance Update: W e a r e n a r r o w i n g t h e r a n g e o f o u r H V A C r e v e n u e g u i d a n c e t o $ 1 . 3 6 5 b i l l i o n t o $ 1 . 3 8 5 b i l l i o n , r e f l e c t i n g y e a r - o n - y e a r g r o w t h o f 2 2 . 5 % a t t h e m i d p o i n t .

  • HVAC Margin Guidance Update: W e a r e a l s o s l i g h t l y n a r r o w i n g o u r r a n g e f o r H V A C m a r g i n g u i d a n c e w h i l e m a i n t a i n i n g t h e m i d p o i n t o f 2 3 . 5 % o r 2 6 0 b a s i s p o i n t s i n c r e a s e y e a r - o n - y e a r .

  • Margin Guidance Increase: I n D & M , b a s e d o n o u r y e a r - t o - d a t e p e r f o r m a n c e a n d o u t l o o k , w e a r e i n c r e a s i n g o u r m a r g i n g u i d a n c e t o a r a n g e o f 2 1 . 2 5 % t o 2 2 % , r a i s i n g t h e m i d p o i n t t o a p p r o x i m a t e l y 2 1 . 6 % .

  • Year-over-Year Increase: T h i s r e p r e s e n t s a y e a r - o n - y e a r i n c r e a s e o f a p p r o x i m a t e l y 2 4 0 b a s i s p o i n t s c o m p a r e d w i t h a y e a r - o n - y e a r i n c r e a s e o f 2 1 0 b a s i s p o i n t s p r e v i o u s l y .

  • Consolidated Income Stability: I n t o t a l , c o n s o l i d a t e d m i d p o i n t s e g m e n t i n c o m e f o r t h e c o m p a n y r e m a i n s u n c h a n g e d a s a r e s u l t o f t h e s e a d j u s t m e n t s .

  • Modeling Considerations Appendix: A s a l w a y s , y o u ' l l f i n d m o d e l i n g c o n s i d e r a t i o n s i n t h e a p p e n d i x t o o u r p r e s e n t a t i o n .

  • Market Review and Closing Comments: I ' l l n o w t u r n t h e c a l l b a c k t o G e n e f o r a r e v i e w o f o u r e n d m a r k e t s a n d h i s c l o s i n g c o m m e n t s .

Key Financial Performance iconKey Financial Performance
Operating Highlights iconOperating Highlights
Risks or Challenges iconRisks or Challenges
Strategic Initiatives & Outlook iconStrategic Initiatives & Outlook
Shareholder Return Plan iconShareholder Return Plan

SPXC FAQs

How does SPXC typically perform around its earnings report dates?

SPXC's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +1.54% change leading up to the report and a +6.80% change in the 10 days following the release.

Is SPX Technologies, Inc (SPXC) Q3 2024 Earnings Call Summary positive or negative?

How can historical earnings data help predict future stock performance?

SPXC Earnings Deck

SPX Technologies, Inc (SPXC) Q3 2024 Earnings Call Transcript

SPXC Earning Call Sentiment

SPX Technologies, Inc (SPXC) Q3 2024 Earnings Call Transcript

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SPXC.N

2.16%
Positive
The earnings call summary highlights strong financial performance with increased revenue, EBITDA, and EPS, alongside optimistic guidance. The company is expanding in high-growth markets and improving margins. Despite competitive pressures and supply chain risks, the Q&A indicates confidence in market strength and a robust M&A pipeline. The share repurchase program also supports a positive outlook. Overall, the sentiment is positive, suggesting a potential stock price increase of 2% to 8% over the next two weeks.