SPX Corporation

Manufacturing & Industrial air conditioning equipment lighting measuring

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. HVAC solutions offered by its businesses include cooling towers, residential and commercial boilers and comfort heating products. The Company's detection and measurement products encompass underground locators and inspection equipment, fare collection systems, communication technologies and specialty lighting.

Revenue(Q1, 2017)

Market capitalization(2017-07-20)

Type

Public

HQ

Charlotte, US

Founded

1912

Size (employees)

5,000 (est)-16%

Website

SPX Corporation was founded in 1912 and is headquartered in Charlotte, US

SPX Corporation Office Locations

SPX Corporation has an office in Charlotte

Charlotte, US (HQ)

13320 Ballantyne Corporate Pl

SPX Corporation Data and Metrics

SPX Corporation Financial Metrics

SPX Corporation's revenue was reported to be $340.6 m in Q1, 2017

Summary

USD

SPX Corporation's current market capitalization is $1.2 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	4.7 b	4.7 b	1.7 b	1.5 b
Revenue growth, %		0%	(64%)	(14%)
Cost of goods sold	3.4 b	3.4 b	1.4 b	1.1 b
Gross profit	1.4 b	1.4 b	292.4 m	375.8 m
Gross profit Margin, %	29%	29%	17%	26%
General and administrative expense				301 m
Operating expense total				301 m
EBIT	329.6 m	201.9 m	(170 m)	55 m
EBIT margin, %	7%	4%	(10%)	4%
Interest expense	112.6 m	69.8 m	22 m	14.8 m
Interest income	8.2 m	8.6 m	1.3 m	800 k
Pre tax profit	256.1 m	594.2 m	(203 m)	39.4 m
Income tax expense	(54.8 m)	(214.1 m)	11.8 m	(9.1 m)
Net Income	212.6 m	388.4 m	(117 m)	(67.6 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	1.2 b	1.2 b	946.9 m	1.1 b	374.1 m	389.3 m	412.9 m	385.2 m	340.6 m
Cost of goods sold	839.6 m	816 m	685 m	768.2 m	371.2 m	299.5 m	318.1 m	301.2 m	252.5 m
Gross profit	340.1 m	342.1 m	261.9 m	306.2 m	2.9 m	89.8 m	94.8 m	84 m	88.1 m
Gross profit Margin, %	29%	30%	28%	28%	1%	23%	23%	22%	26%
General and administrative expense	242.2 m	226.9 m	233.2 m	228.9 m	106.8 m	82.2 m	81 m	76.3 m	69.6 m
Operating expense total	242.2 m	226.9 m	233.2 m	228.9 m	106.8 m	82.2 m	81 m	76.3 m	69.6 m
EBIT	85.1 m	103.5 m	14.8 m	64.1 m	(113.6 m)	20.3 m	9.7 m	7.1 m	17.8 m
EBIT margin, %	7%	9%	2%	6%	(30%)	5%	2%	2%	5%
Interest expense	(16.3 m)	(16.6 m)	(16.8 m)	(18.2 m)	(6.3 m)	(3.5 m)	(3.8 m)	(3.8 m)	(4 m)
Interest income	2.3 m	2.5 m	1.1 m	900 k	400 k	200 k	200 k		400 k
Pre tax profit	70.4 m	90.8 m	(100 k)	47.3 m	(125.2 m)	18.2 m	6 m	2.6 m	13.5 m
Income tax expense	(16.9 m)	(26 m)	(9.5 m)	(10.4 m)	(5.5 m)	(3.5 m)	(2.6 m)		(3.2 m)
Net Income	50 m	63.8 m	(10 m)	36.4 m	(130.6 m)	13.6 m	3 m	1.9 m	17.4 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	691.8 m	427.6 m	101.4 m	99.6 m
Accounts Receivable	1.2 b	1.1 b	367 m	251.7 m
Inventories				145.7 m
Current Assets	2.8 b	2.2 b	782.3 m	527.6 m
PP&E	692.3 m	670.9 m	219.5 m	195.5 m
Goodwill	1.5 b	1.5 b	342.8 m	340.4 m
Total Assets	6.9 b	5.9 b	2.2 b	1.9 b
Accounts Payable	494.6 m	462 m	176.9 m	137.6 m
Total Debt				323.5 m
Current Liabilities	2.2 b	1.6 b	654.8 m	476.3 m
Non-Current Liabilities	2.5 b	2.5 b	1.2 b	1.2 b
Total Liabilities	4.7 b	4.1 b	1.9 b	1.7 b
Common Stock	1 b	1 b	1 m	500 k
Additional Paid-in Capital	1.6 b	1.6 b	2.6 b	1.3 b
Retained Earnings	2.3 b	2.6 b	897.8 m	(831.6 m)
Total Equity	2.2 b	1.8 b	308.3 m	191.6 m
Debt to Equity Ratio				1.7 x
Debt to Assets Ratio				0.2 x
Financial Leverage	3.2 x	3.2 x	7.1 x	10 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	466.2 m	501.9 m	363.1 m	328.9 m	82.5 m	97.9 m	102 m	83.4 m	92.7 m
Accounts Receivable	1.2 b	1.2 b	1 b	1.1 b	433.9 m	339.5 m	340.5 m	318 m	232.7 m
Inventories	551.2 m	563.6 m	525.4 m	546.7 m	211.6 m	189.3 m	181.5 m	176.7 m	159.2 m
Current Assets	2.5 b	2.5 b	2.2 b	2.3 b	878.5 m	665.7 m	660.2 m	628.8 m	511.1 m
PP&E	683.4 m	671.4 m	657.7 m	663.8 m	225.6 m	217 m	213.4 m	210.1 m	193.6 m
Goodwill	1.5 b	1.5 b	1.4 b	1.4 b	368.5 m	344.9 m	343.7 m	343.7 m	341.9 m
Total Assets	6.4 b	6.3 b	5.8 b	5.9 b	2.3 b	2.1 b	2 b	2 b	1.9 b
Accounts Payable	495.6 m	488.4 m	432.8 m	461.7 m	185.5 m	147.6 m	148.8 m	143.3 m	133.1 m
Current Liabilities	1.7 b	1.8 b	1.7 b	1.7 b	751.8 m	569.2 m	575.6 m	534.5 m	450.9 m
Non-Current Liabilities	2.5 b	2.5 b	2.4 b	2.4 b	1.2 b	1.2 b	1.2 b	1.2 b	1.2 b
Common Stock	1 b	1 b	1 b	1 m	1 m	1 m	1 m	1 m	500 k
Additional Paid-in Capital	1.6 b	1.6 b	1.6 b	2.6 b	2.6 b	2.6 b	2.6 b	2.6 b	1.3 b
Retained Earnings	2.6 b	2.7 b	2.6 b	2.6 b	910.1 m	910.8 m	914.8 m	916.7 m	(814.2 m)
Total Equity	2.3 b	2.1 b	1.7 b	1.8 b	319.1 m	285.3 m	272.6 m	273.4 m	211 m
Financial Leverage	2.9 x	3.1 x	3.4 x	3.3 x	7.1 x	7.2 x	7.5 x	7.3 x	9 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	212.6 m	388.4 m	(117 m)	(67.6 m)
Depreciation and Amortization	114.8 m	109.2 m	39.2 m	26.5 m
Inventories	10.1 m	(17 m)	(21 m)	8.5 m
Cash From Operating Activities	105.3 m	76.4 m
Capital Expenditures	(54.9 m)	(61.1 m)	(17.9 m)	(11.7 m)
Dividends Paid	(34.7 m)	(60.3 m)	(45.9 m)
Cash From Financing Activities		(902.8 m)	(175.6 m)	(20.5 m)
Interest Paid	102.6 m	65.9 m	60.8 m	12.5 m
Free Cash Flow	160.2 m	137.5 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	50 m	63.8 m	(10 m)	36.4 m	(130.6 m)	13.6 m	3 m	1.9 m	17.4 m
Accounts Receivable				1.1 b	433.9 m	339.5 m	340.5 m	318 m	232.7 m
Accounts Payable				461.7 m	185.5 m	147.6 m	148.8 m	143.3 m	133.1 m

Ratios

SPX Corporation Market Value History

SPX Corporation Median Salaries

Source: 37 public H-1B filings from SPX Corporation

Market Position of SPX Corporation

Competitors

Michell Instruments

Manufacturing & Industrial - Private

Manufacturing & Industrial - Public

Dantec Dynamics

Manufacturing & Industrial - Subsidiary

Capstone Companies

Manufacturing & Industrial - Public

Compare competitors

Traffic Overview of SPX Corporation

SPX Corporation Company Life and Culture

You may also be interested in