SPX Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 02, 2023 at 04:12 pm EDT
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SPX Technologies, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 423.3 million compared to USD 354 million a year ago. Net income was USD 36 million compared to USD 13 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to USD 0.41 a year ago. Basic earnings per share was USD 0.79 compared to USD 0.29 a year ago. Diluted earnings per share was USD 0.77 compared to USD 0.28 a year ago.
For the six months, sales was USD 823.1 million compared to USD 661.1 million a year ago. Net income was USD 78.8 million compared to USD 24.4 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 1.66 compared to USD 0.69 a year ago. Basic earnings per share was USD 1.73 compared to USD 0.54 a year ago. Diluted earnings per share was USD 1.69 compared to USD 0.53 a year ago.
SPX Technologies, Inc. is a diversified, global supplier of engineered products and technologies in the heating, ventilation, and air conditioning (HVAC) and detection and measurement markets. HVAC solutions offered by its businesses include package and process cooling equipment, residential and commercial boilers, comfort heating and ventilation products, and engineered air movement solutions. Its segments include HVAC, which engineers, designs, manufactures, installs and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as heating and ventilation products for the residential, industrial, and commercial markets, and Detection and Measurement segment that engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, transportation systems, communication technologies, and obstruction lighting.
SPX TECHNOLOGIES, INC. 
