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SPX FLOW Inc (FLOW.N)

FLOW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SPX FLOW Awarded Contract To Establish High-Value Dairy Ingredients Plant In Spain
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Spx Flow Inc ::SPX FLOW AWARDED CONTRACT TO ESTABLISH HIGH-VALUE DAIRY INGREDIENTS PLANT IN SPAIN.SPX FLOW INC - ‍AWARDED A CONTRACT WORTH APPROXIMATELY $60 MILLION TO ESTABLISH A DAIRY INGREDIENTS PLANT IN GALICIA, SPAIN​.SPX FLOW INC - ‍WORK ON PROJECT WILL COMMENCE IMMEDIATELY AND IT IS ANTICIPATED PLANT WILL BEGIN OPERATING IN EARLY 2020​.SPX FLOW INC - ANTICIPATES DAIRY INGREDIENTS PLANT WILL BEGIN OPERATING IN EARLY 2020.  Full Article

SPX Flow Q3 earnings per share $0.30
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - SPX Flow Inc :SPX Flow reports third quarter 2017 results.Q3 revenue $491 million versus I/B/E/S view $493.8 million.Q3 adjusted earnings per share $0.42.Q3 earnings per share $0.30.Sees FY 2017 revenue $1.92 billion to $1.94 billion.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.SPX Flow Inc - ‍updated 2017 full year guidance​.SPX Flow Inc - ‍reaffirmed 2018 financial framework​.SPX Flow Inc - sees ‍fy 2017 earnings per share (pre-adjusted basis​) $0.70 to $0.82.SPX Flow Inc - ‍increased full year 2017 adjusted free cash flow guidance to a range of $150 to $160 million​.SPX Flow Inc - sees fy 2017 adjusted basis​ ‍earnings per share $1.14 to $1.26.Fy2017 earnings per share view $1.39, revenue view $1.95 billion -- Thomson Reuters I/B/E/S.SPX Flow Inc - ‍realignment program is nearly complete and expect to realize full, annualized benefit of $140 million savings target in 2018​.  Full Article

SPX Flow announces pricing of offering of $600 mln of senior notes
Thursday, 4 Aug 2016 

SPX Flow Inc : SPX Flow Inc announces pricing of offering of $600 million of senior notes . Priced notes also comprised of $300 million aggregate principal amount of 5.875 pct senior unsecured notes due 2026 .Priced notes comprised of $300 million aggregate principal amount of 5.625 pct senior unsecured notes due 2024.  Full Article

SPX Flow qtrly adjusted earnings per share of $0.46
Wednesday, 3 Aug 2016 

SPX Flow Inc : Narrowed 2016 adjusted EPS guidance range to $1.85 to $2.05 per share . Qtrly revenues declined 14.0% to $528.8 million, from $615.1 million in year-ago quarter . Company also recorded $10.8 million of special charges related to its previously announced realignment program in Q2 . During Q3, plan to refinance all of $600 million senior notes due in 2017 . Q2 gaap loss per share $8.52 including items . Now expect $60 million of savings to be achieved in 2016, up from our previous target of $40 million . SPX Flow Inc sees 2016 loss per share $8.20 to $8.40 . Total cost of global realignment program now expected to be approximately $160 million . Also recorded impairment charge of $173.6 million related to certain intangible assets within its power and energy reportable segment in quarter . Reported adjusted earnings per share of $0.46 for quarter . Increased target savings from realignment program to about $135 million . At bottom line, we narrowed our full year 2016 eps guidance range to $1.85 to $2.05 per share . Q2 earnings per share view $0.41, revenue view $537.4 million -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $1.84 -- Thomson Reuters I/B/E/S . Sees reduced revenue and segment income in second half of 2016 due to lower than anticipated orders in first half . Sees 2016 revenue $2,040 to $2,090 million.  Full Article

SPX FLOW proposes offering of $600 million of senior notes
Wednesday, 3 Aug 2016 

SPX FLOW Inc :Spx flow, inc. Announces proposed offering of $600 million of senior notes.  Full Article

SPX Flow announces amendment to $1.35 bln senior secured credit facilities
Tuesday, 12 Jul 2016 

SPX Flow Inc : SPX Flow announces amendment to $1.35 billion senior secured credit facilities . Amendment ncreases maximum consolidated leverage ratio for any period of four consecutive fiscal quarters to 4.0x . An amendment increases maximum consolidated leverage ratio for any period of four consecutive fiscal quarters to 4.0x . Previous maximum consolidated leverage ratio was 3.25x .In connection with increased leverage ratio, co has agreed to pledge certain assets as collateral under agreement.  Full Article

SPX FLOW Inc gives FY 2016 guidance
Wednesday, 10 Feb 2016 

SPX FLOW Inc:Expects FY 2016 total revenue change between (12%) to (8%).Expects FY 2016 earnings per share in the range of $0.75 to $1.05.Expects FY 2016 EBITDA in the range of $175 to $195 mln.  Full Article

BRIEF-SPX FLOW Awarded Contract To Establish High-Value Dairy Ingredients Plant In Spain

* SPX FLOW AWARDED CONTRACT TO ESTABLISH HIGH-VALUE DAIRY INGREDIENTS PLANT IN SPAIN