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SPX Corp (SPXC.N)

SPXC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Spx Q2 Adjusted Earnings Per Share $0.53
Thursday, 2 Aug 2018 

SPX Corp ::SPX REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.53.Q2 EARNINGS PER SHARE $0.44 FROM CONTINUING OPERATIONS.Q2 REVENUE $379.2 MILLION.REAFFIRMS FY 2018 ADJUSTED EARNINGS PER SHARE VIEW $2.15 TO $2.25.SPX - REAFFIRMING FULL-YEAR ADJUSTED EPS GUIDANCE RANGE OF $2.15-$2.25.SPX - MAINTAINING 2018 GUIDANCE FOR CORE REVENUE OF ABOUT $1.4 BILLION.  Full Article

SPX To Exit Heat Transfer Business
Monday, 2 Jul 2018 

July 2 (Reuters) - SPX Corp ::SPX TO EXIT HEAT TRANSFER BUSINESS.SPX CORP - EXITING HEAT TRANSFER BUSINESS WITHIN ITS ENGINEERED SOLUTIONS SEGMENT.SPX CORP - ANTICIPATES WINDING DOWN ITS REMAINING HEAT TRANSFER OPERATIONS BY END OF Q1 2019.SPX CORP - INTENDS TO EXCLUDE RESULTS OF HEAT TRANSFER FROM ITS 2018 ADJUSTED RESULTS AND IS UPDATING 2018 GUIDANCE.SPX CORP - HAS SOLD ITS YUBA AND ECOLAIRE BRANDS AND TECHNOLOGY OF ITS HEAT TRANSFER BUSINESS TO GODREJ & BOYCE MANUFACTURING CO LTD.SPX CORP - 2018 CORE REVENUE IS NOW EXPECTED TO BE $1.38-$1.43 BILLION , FROM $1.40-1.45 BILLION PRIOR.SPX CORP - NO IMPACT TO CURRENT 2018 ADJUSTED EPS GUIDANCE OF $2.15-$2.25.  Full Article

SPX Corp Increases 2018 Adj Eps Guidance To Range Of $2.15 To $2.25
Thursday, 7 Jun 2018 

June 7 (Reuters) - SPX Corp ::SPX CORP - SPX IS ALSO INCREASING ITS 2018 ADJUSTED EARNINGS PER SHARE GUIDANCE TO A RANGE OF $2.15 TO $2.25 FROM $2.03 TO $2.18.  Full Article

Spx Announces Agreement To Purchase Cues, Inc.
Monday, 23 Apr 2018 

April 23 (Reuters) - SPX Corp ::SPX ANNOUNCES AGREEMENT TO PURCHASE CUES, INC..SPX CORP SAYS DEAL EXPECTED TO BE MODESTLY ACCRETIVE TO 2018 ADJUSTED EPS GUIDANCE.SPX - STOCKHOLDERS OF ELXSI WILL RECEIVE CASH EQUAL TO $51/SHARE OF COMMON STOCK OUTSTANDING AS OF EFFECTIVE TIME OF MERGER, OR A TOTAL ABOUT $189 MILLION.SPX CORP - BOARD OF DIRECTORS OF BOTH SPX AND ELXSI HAVE UNANIMOUSLY APPROVED TRANSACTION.SPX - UNDER DEAL UNIT OF SPX WILL BE MERGED WITH CUES' PARENT COMPANY, ELXSI CORPORATION ("ELXSI").  Full Article

SPX Announces Amendment And Extension Of Bank Credit Agreement
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - SPX Corp ::SPX ANNOUNCES AMENDMENT AND EXTENSION OF BANK CREDIT AGREEMENT.SPX CORP - ‍ENTERED AMENDMENT OF CREDIT AGREEMENT, RESULTING IN 5-YEAR, $900 MILLION CREDIT FACILITY WITH A GROUP OF LENDERS ARRANGED BY BOFA MERRILL LYNCH​.SPX CORP - FUNDS AVAILABLE UNDER AMENDED AGREEMENT WERE USED TO REPAY OUTSTANDING BORROWINGS UNDER ORIGINAL AGREEMENT WHICH WAS EXECUTED IN MID-2015.SPX CORP - ‍AMENDED CREDIT AGREEMENT WILL EXPIRE ON DECEMBER 19, 2022​.SPX CORP - TERM LOAN REQUIRES MANDATORY PAYMENTS OF ORIGINAL PRINCIPAL OF 1.25% PER QUARTER BEGINNING IN Q1 2019.  Full Article

SPX reports third quarter 2017 results
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - SPX Corp :SPX reports third quarter 2017 results.Q3 adjusted earnings per share $0.36.Q3 earnings per share $0.50 from continuing operations.Sees FY 2017 revenue about $1.35 billion to $1.4 billion.Q3 revenue $348.5 million versus I/B/E/S view $337.6 million.Sees FY 2017 adjusted earnings per share $1.70 to $1.80.Q3 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.SPX Corp - ‍ continues to expect 2017 core revenue of approximately $1.35 billion to $1.40 billion​.  Full Article

BRIEF-SPX Q1 Adjusted Earnings Per Share $0.44

* REAFFIRMING 2018 GUIDANCE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)