SPX Technologies Inc

For the period ended Mar 30, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2024 · Filed May 3, 2024

SPXC$150.12-0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income

(Unaudited; in millions, except per share amounts)

	Three months ended
	March 30,2024	April 1,2023
Revenues	$465.2	$399.8
Costs and expenses:
Cost of products sold	282.3	249.9
Selling, general and administrative	102.9	93.8
Intangible amortization	14.8	6.3
Special charges, net	0.6	—
Operating income	64.6	49.8
Other income (expense), net	(4.0)	2.5
Interest expense	(9.8)	(2.4)
Interest income	0.3	0.5
Income from continuing operations before income taxes	51.1	50.4
Income tax provision	(1.9)	(11.3)
Income from continuing operations	49.2	39.1
Income (loss) from discontinued operations, net of tax	—	—
Gain (loss) on disposition of discontinued operations, net of tax	(0.2)	3.7
Income (loss) from discontinued operations, net of tax	(0.2)	3.7
Net income	$49.0	$42.8
Basic income per share of common stock:
Income from continuing operations	$1.07	$0.86
Income from discontinued operations	—	0.08
Net income per share	$1.07	$0.94
Weighted-average number of common shares outstanding — basic	45.828	45.382
Diluted income per share of common stock:
Income from continuing operations	$1.05	$0.84
Income from discontinued operations	—	0.08
Net income per share	$1.05	$0.92
Weighted-average number of common shares outstanding — diluted	46.683	46.402
Comprehensive income	$38.8	$44.6

ContentsView on SEC.gov

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