|Bid||48.14 x 800|
|Ask||48.59 x 900|
|Day's Range||48.14 - 48.50|
|52 Week Range||27.23 - 48.68|
|Beta (3Y Monthly)||2.12|
|PE Ratio (TTM)||88.50|
|Earnings Date||Feb 3, 2020 - Feb 7, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.25|
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at...
SPX FLOW, Inc. (NYSE: FLOW) a leading provider of process solutions, announced today that President and Chief Executive Officer Marc Michael will present at the Credit Suisse 2019 Industrials Conference in Palm Beach, Florida on Thursday December 5, 2019 at 8:45 a.m. Eastern time.
SPX Flow has agreed to sell what remains of its power and energy business to private equity firm Apollo Global Management for $475 million.
SPX FLOW, Inc. (NYSE: FLOW) (the "company") today announced that it has entered into a definitive agreement (the "purchase agreement") to sell a substantial portion of its former Power and Energy reportable segment ("the P&E; business") to an affiliate of funds managed by Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") (NYSE: APO).
(Bloomberg) -- Apollo Global Management LLC is nearing a deal to buy SPX Flow Inc.’s power and energy business, according to people familiar with the matter.The private equity firm is in talks to buy the unit for $700 million, said one of the people, who asked not to be identified because the matter isn’t public. A deal could be announced in the coming days, this person said.SPX Flow’s shares rose 3% to $48.07 at 12:35 p.m. in New York trading Friday, giving the company a market value of about $2.05 billion. The stock is up about 37% in the past year.A final agreement hasn’t been reached and SPX Flow could still decide to keep the unit or sell it to another buyer, they said.Apollo is set to prevail over other potential buyers including First Reserve, which a person familiar with the matter said in August could combine the SPX Flow unit with its Trillium Flow Technologies.A representative for Apollo declined to comment. A representative for SPX Flow didn’t respond to requests for comment.SPX Flow, based in Charlotte, North Carolina, announced in May that it was looking at options for the business. It hired BNP Paribas SA as a financial adviser and said it intended to focus on its other divisions.Its power business manufacturers pumps, valves, filtration products and aftermarket parts under brands that include M&J Valve and ClydeUnion Pumps, for use in the energy industry, according to its website.The company was spun off from SPX Corp. in 2015. Its remaining business units after a sale of its power and energy operations would include those focused on transporting liquids in the food and beverage sector, as well as industrial liquids and its Bran+Lubbe metering pump,(Updates with share move in third pargraph.)To contact the reporter on this story: Kiel Porter in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SPX FLOW, Inc. New York, November 20, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of SPX FLOW, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Eastern North Carolina is losing another manufacturing plant – but there could be a silver lining, as a vacant, move-in ready facility could be enticing to future job creators. At least that’s the hope of Carteret County’s top job recruiter, speaking after manufacturer SPX Flow notified state officials that it’s closing its facility near Newport in Carteret County, a move that displaces 55 employees at the coast. The layoff notice, received by the North Carolina Department of Commerce Nov. 12 and made available to the TBJ Monday, notes that the plant will completely close on April 3.
SPX FLOW (NYSE:FLOW) shareholders are no doubt pleased to see that the share price has had a great month, posting a...
"We are in the latter stages of the sale process," SPX Flow CEO Marc Michael told analysts during the company's earnings call on Wednesday. “It's an active process with several firms."
SPX Flow (FLOW) delivered earnings and revenue surprises of 25.53% and 5.86%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Q3 2019 Margin Expansion and Strong Cash Generation Underscore Progress on Strategic Transformation to a Premier Process Solutions Enterprise - Q3 Results Exceeded Guidance on Strong Revenue Conversion ...
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]
CHARLOTTE, N.C. , Oct. 25, 2019 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW) a leading provider of process solutions, announced today that President and Chief Executive Officer Marc Michael and Vice President ...
SPX Flow (FLOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHARLOTTE, N.C. , Oct. 16, 2019 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW) a leading provider of process solutions, announced today that it will release its third quarter 2019 financial results on October ...
CHARLOTTE, N.C. , Sept. 5, 2019 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider in process solutions, announced today Marc Michael , President and Chief Executive Officer, and Jaime Easley ...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Investment company Newport Trust Co (Current Portfolio) buys SPX FLOW Inc, sells TCG BDC Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Newport Trust Co. Continue reading...