SPX FLOW, Inc. Raises Earnings Guidance for the Full Year of 2019; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2019; Reports Impairment Charges for the Third Quarter Ended September 28, 2019
For the third quarter, the company reported asset impairment charges of $10.8 million.
For the fourth quarter of fiscal 2019 guidance, on a continuing operations basis, the company is targeting approximately $360 million of revenue, about a 12% decline to the prior year. This assumes a 1% to 2% currency headwind and about a 10% organic revenue decline.