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SPXC - SPX Corp.
-3.48(-5.44%)6:00:01 PM 11/26/2021
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets under the Marley and Recold brands; and boilers, comfort heating, and ventilation products for the residential and commercial markets under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brand names. It also provides cooling towers under Marley NC Everest and MD Everest brand; water management tools through the MarleyGard brand name; filter under the BasinGard brand; and the SGS PC Industrial Evaporator. The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Warren G-V, and Cues brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, and Sabik Marine brand names. The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names. It markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was founded in 1912 and is headquartered in Charlotte, North Carolina.
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    SPX Corp. to acquire Cincinnati Fan from Dominus Capital

    SPX Corp. has agreed to buy Cincinnati Fan & Ventilator Co. Inc. from New York private investment firm Dominus Capital, marking its 10th acquisition in the last three years.

    Dominus Capital Announces Agreement to Sell Cincinnati Fan to SPX Corporation

    Dominus Capital, L.P., a leading private equity firm based in New York, announced today that it has entered into a definitive agreement to sell Cincinnati Fan & Ventilator Co., Inc. ("Cincinnati Fan"), a leader in engineered air movement solutions, including blowers and critical exhaust systems, to SPX Corporation (NYSE:SPXC).

    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 2021CHARLOTTE, N.C., Nov. 15, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase Cincinnati Fan & Ventilator Co., Inc. (“Cincinnati Fan”), a leader in engineered air movement solutions, including blowers and critical exhaust systems, from Dominus Capital, L.P. (“Dominus”). Cincinnati F

    Supply-chain issues hit SPX Corp. hard in the third quarter

    SPX Corp. reported net income from continuing operations of $7.7 million, or 17 cents per share, on revenue totaling $258 million in the quarter. The continuing operations exclude the transformer business that SPX sold in October for $645 million in cash.

    Spx Corp (SPXC) Q3 2021 Earnings Call Transcript

    Image source: The Motley Fool. Spx Corp (NYSE: SPXC)Q3 2021 Earnings CallNov 3, 2021, 4:45 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and thank you for standing by and welcome to the Q3 2021 SPX Corporation Earnings Conference Call.

    SPX (SPXC) Q3 Earnings and Revenues Miss Estimates

    SPX (SPXC) delivered earnings and revenue surprises of -2.38% and -4.05%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

    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 reported results for the third quarter ended October 2, 2021. All comments reflect continuing operations unless otherwise noted. Gene Lowe, President and CEO, remarked, “During the quarter the demand for ou