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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

BRIEF-Spx Flow Q1 Earnings Per Share $0.36

* Q1 EARNINGS PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S