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Recap: SPX FLOW Q2 Earnings

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Shares of SPX FLOW (NYSE:FLOW) moved higher by 2.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 43.59% over the past year to $0.22, which beat the estimate of $0.07.

Revenue of $308,100,000 decreased by 20.06% year over year, which beat the estimate of $290,030,000.

Guidance

SPX FLOW hasn't issued any earnings guidance for the time being.

SPX FLOW hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 29, 2020

View more earnings on FLOW

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/c57zqe2a

Technicals

52-week high: $49.94

Company's 52-week low was at $15.74

Price action over last quarter: Up 42.86%

Company Description

SPX Flow offers engineering solutions in two segments: food/beverage and industrial. The food and beverage segment provides technology for dairy consumption, expansion to emerging markets, productivity improvements, and food safety. The industrial segment services the chemical, mining, air, and water treatment industries. Both segments sell products such as pumps, blenders, separators, air dryers, heat exchangers, and hydraulic tools. SPX Flow operates worldwide, with sales in the Americas, Europe, Africa, and Asia.

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