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
SPXC Earnings Analysis
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 .
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 Earning Call Sentiment
SPX Technologies, Inc (SPXC) Q3 2024 Earnings Call Transcript

SPXC.N
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