OverviewSuggest Edit

SPX is a supplier of infrastructure equipment with scalable growth platforms in heating, ventilation, and air conditioning (HVAC), detection and measurement, and engineered solutions. It offers cooling towers, residential and commercial boilers, and comfort heating products. The company also provides underground locators and inspection equipment, fare collection systems, communication technologies, specialty lighting, and medium and large electrical transformers.
TypePublic
Founded1912
HQCharlotte, NC, US
Websitespx.com
Employee Ratings3.7
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)4,500
Job Openings224
Revenue (FY, 2020)$1.6 B(+3%)
Share Price (May 2022)$46(+3%)
Cybersecurity ratingBMore
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Key People/Management at SPX

Gene Lowe

Gene Lowe

President, Chief Executive Officer
John Nurkin

John Nurkin

Vice President, General Counsel and Secretary
Randy Data

Randy Data

President, South Africa and Global Operations
John Swann

John Swann

President, Heating and Location & Inspection Groups
Ankush Kumar

Ankush Kumar

President, SPX Global Cooling
Jamie Harris

Jamie Harris

Chief Financial Officer, Vice President and Treasurer
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SPX Office Locations

SPX has an office in Charlotte
Charlotte, NC, US (HQ)
6325 Ardrey Kell Rd Suite 400
Charlotte, NC, US
13320 Ballantyne Corporate Pl
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SPX Financials and Metrics

SPX Revenue

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View revenue for all periods
SPX's revenue was reported to be $1.56 b in FY, 2020 which is a 2.2% increase from the previous period.
USD

Revenue (Q3, 2021)

285.8m

Gross profit (Q3, 2021)

94.0m

Gross profit margin (Q3, 2021), %

32.9%

Net income (Q3, 2021)

331.1m

EBIT (Q3, 2021)

11.8m

Market capitalization (12-May-2022)

2.1b

Closing stock price (12-May-2022)

46.0

Cash (2-Oct-2021)

560.1m

EV

1.8b
SPX's current market capitalization is $2.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.4b1.5b1.5b1.6b

Revenue growth, %

(3%)8%(1%)2%

Cost of goods sold

1.1b1.1b1.1b1.1b

Gross profit

330.2m410.7m441.1m478.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

351.9m379.2m362.5m343.6m372.4m364.8m369.3m373.2m363.4m398.5m296.7m285.8m

Cost of goods sold

261.8m281.5m274.8m260.4m264.2m258.6m255.2m259.2m255.1m273.3m194.7m191.8m

Gross profit

90.1m97.7m87.7m83.2m108.2m106.2m114.1m114.0m108.3m125.2m102.0m94.0m

Gross profit Margin, %

26%26%24%24%29%29%31%31%30%31%34%33%
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

81.2m65.3m97.2m

Depreciation and Amortization

29.2m34.5m41.7m

Inventories

5.1m(8.5m)(2.2m)

Accounts Payable

(86.5m)(61.7m)(48.1m)
USDFY, 2017

Revenue/Employee

285.2k
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SPX Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2022Q2, 2022Q3, 2022

Countries

15141414151717171717171715151515

Patents (Domestic)

147154171197

Patents (Foreign)

238219211214

Backlog (HVAC)

$41.4 m$49.7 m$48.7 m$47.9 m$46.9 m$58.5 m$69.9 m$77.2 m$77.8 m$88.9 m$117.8 m$92.6 m$82.8 m$95.2 m$190.7 m$204 m
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SPX Acquisitions / Subsidiaries

Company NameDateDeal Size
Cincinnati FanDecember 16, 2021$145 m
Enterprise Control SystemsAugust 03, 2021
ULC RoboticsSeptember 02, 2020$90 m
SGS Refrigeration, Inc.July 03, 2020
Patterson-Kelley, LLCNovember 12, 2019
Sabik MarineFebruary 01, 2019
CUESJune 08, 2018$189 m
Schonstedt Instrument Company, LLCMarch 01, 2018
SeitalMarch 22, 2012
e&e VerfahrenstechnikOctober 21, 2011
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SPX Revenue Breakdown

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SPX revenue breakdown by business segment: 37.9% from HVAC Segment, 24.8% from Detection and Measurement Segment, 37.0% from Engineered Solutions Segment and 0.3% from Other

SPX revenue breakdown by geographic segment: 87.4% from United States, 5.7% from United Kingdom and 6.9% from Other

SPX Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

SPX Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

SPX Online and Social Media Presence

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SPX Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    A+

    80/100

  • Compensation

    C+

    68/100

Learn more on Comparably

SPX News and Updates

Bank of America-Led Group Faces Loss on Pumpmaker SPX Junk Bond

Bank of America-Led Group Faces Loss on Pumpmaker SPX Junk Bond

Cboe Plans to List SPX Tuesday, Thursday-Expiring Weeklys Options

CHICAGO, Feb. 3, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced plans to list S&P 500 Index Weeklys options with Tuesday and Thursday expirations in the second or third quarter of 2022,...

SPX to Report Fourth Quarter and Full-Year 2021 Financial Results and Present 2022 Financial Guidance on February 23rd

CHARLOTTE, N.C., Feb. 02, 2022 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it will release its fourth quarter and full-year 2021 financial results after market close on Wednesday, February 23, 2022.

Lone Star to acquire SPX Flow in take-private deal for $3.8bn

Lone Star Funds has agreed to acquire SPX Flow Inc for $3.8 billion.

Lone Star to Buy Industrial Pumpmaker SPX Flow for $3.8 Billion

Lone Star to Buy Industrial Pumpmaker SPX Flow for $3.8 Billion

SPX Flow agrees to be acquired by Lone Start Funds in all-cash deal valued at $3.8 billion

SPX Flow Inc. , a provider of process software for the nutrition, health and industrial markets, said Monday it has agreed to be acquired by Lone Star Funds in an all-cash deal valued at about $3.8 billion. The price is equal to a premium of about 40% over SPX Flow's closing price on July 16, the la…
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SPX Blogs

SPX Announces Agreement to Purchase Cincinnati Fan from Dominus Capital

Highly Strategic Acquisition Expands HVAC Cooling Platform into Attractive Engineered Air Movement Market; Closing Expected by Year End 2021 CHARLOTTE, N.C., Nov. 15, 2021 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase Cinci…

SPX Reports Third Quarter 2021 Results

Q3 2021 GAAP EPS of $0.17; Q3 2021 Adjusted EPS* of $0.41; Sale of Transformers Repositions Company for Growth; Strong Cash Flow and Balance Sheet; Updating 2021 Full-Year Guidance for Supply Chain Constraints CHARLOTTE, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) today report…

SPX Reports Second Quarter 2021 Results

Q2 2021 GAAP EPS of $0.32; Q2 2021 Adjusted EPS* of $0.49; Updating 2021 Full-Year Guidance to Adjusted EPS* in a Range of $2.25-$2.45; Company on Track for ‘SPX 2025’ Targets CHARLOTTE, N.C., Aug. 05, 2021 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) today reported results for the second quarter …

SPX Announces Acquisition of Enterprise Control Systems Ltd; Expands and Strengthens SPX’s Communication Technologies Platform

CHARLOTTE, N.C., Aug. 03, 2021 (GLOBE NEWSWIRE) — SPX Corporation (“SPX”) (NYSE: SPXC) today announced that it has completed the acquisition of Enterprise Control Systems Ltd (“ECS”). Headquartered near Northampton, UK, ECS is a leader in the design and manufacture of highly-engineered tactical data…

SPX Reports First Quarter 2021 Financial Results

Q1 2021 GAAP EPS of $0.60; Q1 2021 Adjusted EPS* of $0.68; Updating 2021 Full-Year Guidance for Sealite Acquisition;  Anticipate Full-Year Adjusted EPS* in a Range of $3.06-$3.26 CHARLOTTE, N.C., May 06, 2021 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) today reported results for the first quarter…

SPX to Report First Quarter 2021 Financial Results on May 6th

CHARLOTTE, N.C., April 15, 2021 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) announced today that it will release its first quarter 2021 financial results after market close on Thursday, May 6, 2021. SPX Corporation President and Chief Executive Officer Gene Lowe and SPX Corporation Vice President…
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SPX Frequently Asked Questions

  • When was SPX founded?

    SPX was founded in 1912.

  • Who are SPX key executives?

    SPX's key executives are Gene Lowe, John Nurkin and Randy Data.

  • How many employees does SPX have?

    SPX has 4,500 employees.

  • What is SPX revenue?

    Latest SPX annual revenue is $1.6 b.

  • What is SPX revenue per employee?

    Latest SPX revenue per employee is $346.6 k.

  • Who are SPX competitors?

    Competitors of SPX include JSHP Transformer, Rohde & Schwarz and Airmaster Fan.

  • Where is SPX headquarters?

    SPX headquarters is located at 6325 Ardrey Kell Rd Suite 400, Charlotte.

  • Where are SPX offices?

    SPX has an office in Charlotte.

  • How many offices does SPX have?

    SPX has 2 offices.