Headquartered in Charlotte, NC Fiscal year ends December NYSE: SPXC spx.com
SPX Technologies, Inc. is a diversified global supplier of engineered products and technologies, with operations in over 16 countries. It reports two segments.
The HVAC segment makes cooling equipment and heating products, including cooling solutions for data centers. Data centers are an increasingly important end market, and the company is expanding manufacturing capacity to support about $1.1 billion of annual data center revenue capacity. The segment has grown through acquisitions including Thermolec, Crawford, Neptronic, Sigma Heating and Cooling, Omega Heat Pump and, most recently, FIS Water, which extends its cooling platform into adjacent markets.
The Detection and Measurement segment includes transportation technologies, communication technologies (including Kranze Technology Solutions), location, and inspection and rehabilitation businesses. Some of its work is performed under U.S. government contracts.
The company's acquisition program has substantially increased its goodwill, intangibles and debt. Updated
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SPX Technologies, Inc. is a diversified global supplier of engineered products and technologies, with operations in over 16 countries. It reports two segments.
24/7 Wall St.'s 12-month price target for SPXC is $199.05, rated Buy. The Wall Street consensus target is $250.69. SPXC price prediction →
