SPX Flow (FLOW) Misses Q4 EPS by 25c, Offers Guidance

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Go back to SPX Flow (FLOW) Misses Q4 EPS by 25c, Offers Guidance

SPX FLOW Reports Fourth Quarter and Full Year 2019 Financial Results

February 11, 2020 6:30 AM EST

CHARLOTTE, N.C., Feb. 11, 2020 /PRNewswire/ --

Full Year 2019 Highlights:

Delivered improved operational performance and simultaneously executed significant strategic pivot Revenue of $1,506.6 million down (5.5)% year-over-year and (2.8)% organically Gross margins of 34.5%, up 230 points and segment income margins of 13.3%, up 130 points year-over-year Adjusted EBITDA* from continuing operations of $181.5 million, or 12.0% of revenue Cash from continued and discontinued operations of $173.3 million and free cash flow* of $137.3 million

Q4 2019 Highlights:

Revenue of $364.3 million with gross margins of 36.2%, up 530 points year-over-year Segment income margins of 14.7%, up 280 points year-over-year Adjusted... More