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  • American City Business Journals2 months ago

    Three takeaways from 2016 earnings for SPX Corp.

    SPX Corp. may be done with divestitures for now. “We feel confident in our capacity and ability to deploy capital for actions to drive incremental shareholder value, including acquisitions in the growth-focused areas of our company,” Chief Financial Officer Scott Sproule told analysts Thursday during a conference call on the company’s 2016 earnings. SPX reported a loss for the fourth quarter and the full year.

  • Associated Press2 months ago

    SPX reports 4Q loss

    On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $2.06. Earnings, adjusted to account for discontinued operations and asset impairment costs, came to 69 cents per ...

  • American City Business Journals6 months ago

    SPX Flow sees troubles — and possibly divestitures — in its energy division

    SPX Flow, spun out of SPX Corp. just a year ago, may have businesses to sell in its troubled Power and Energy division, CEO Marc Michael told and investor conference on Thursday. Its industrial products and food and beverage divisions are places SPX Flow would be more likely to make niche acquisitions, when the balance sheet allows it. SPX Flow has seen weakness across all three of its business lines, as the company acknowledged a week ago in its third-quarter earnings call .