SPX Corp. (SPW) Tops Q2 EPS by 19c
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SPX Reports Second Quarter 2015 Results
July 29, 2015 6:30 AM EDTCHARLOTTE, N.C., July 29, 2015 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today reported results for the quarter ended June 27, 2015.
Second Quarter 2015 Overview:
Revenues declined 10.1% to $1.1 billion from $1.2 billion in the year-ago quarter. The impact of the stronger U.S. Dollar on foreign currencies decreased revenues by 6.5%. Organic revenues* decreased 3.6%, due primarily to lower power and energy revenue in the Flow and Thermal segments, largely reflecting the impact of lower oil prices on customers' capital spending decisions and on-going weakness in power generation markets. Segment income and margins... More