SPX Corp. (SPXC) Tops Q1 EPS by 10c, Revenues Beat; Withdraws FY20 Guidance

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Go back to SPX Corp. (SPXC) Tops Q1 EPS by 10c, Revenues Beat; Withdraws FY20 Guidance

SPX Reports First Quarter 2020 Results

April 30, 2020 4:15 PM EDT

Q1 GAAP EPS of $0.50; Adjusted EPS* of $0.62 Solid First Quarter PerformanceWithdrawing 2020 Guidance on Near-Term UncertaintyWell-Positioned to Navigate Challenging Environment; Substantial Available Liquidity

CHARLOTTE, N.C., April 30, 2020 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE: SPXC) today reported results for the quarter ended March 28, 2020.      

Gene Lowe, President and CEO, remarked, SPXs first quarter 2020 performance was strong overall. Our Engineered Solutions segment generated a significant increase in segment income, partially offset by the impact of lower weather-driven demand of HVAC... More