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  • American City Business Journals8 days ago

    More power divestitures possible at SPX

    SPX CEO Gene Lowe told analysts Thursday at the Credit Suisse Industrials Conference that the company may yet look to sell its U.S. heat-exchange business as it completes restructuring of the troubled power business. The former SPX Corp. split a little more than a year ago into the new SPX Corp. (SPXC) and SPX Flow (FLOW). By August, Lowe made it clear that its European power operations were up for sale.

  • American City Business Journals28 days 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 .

  • Associated Presslast month

    SPX posts 3Q profit

    The Charlotte, North Carolina-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 14 cents per share. ...