NYSE$SPXC
SPX Technologies Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
SPX reported Q3 2021 results with adjusted EPS of $0.41, revenue of $285.8 million, and sale of Transformers repositions company for growth.
SPX Corporation reported strong demand and bookings in Q3 2021, with revenue of $285.8 million and operating income of $11.8 million. The company closed the sale of Transformer Solutions, but faced accelerating supply chain challenges impacting revenue and margin performance. SPX is updating its 2021 full-year guidance to reflect these constraints.
- Q3 2021 GAAP EPS was $0.17; adjusted EPS was $0.41.
- Revenue reached $285.8 million, while operating income was $11.8 million.
- The sale of Transformer Solutions repositions the company for future growth.
- Supply chain constraints are expected to affect Q4 performance, leading to adjusted guidance.
Headline financials
Revenue & EPS history
SPX · Revenue · Quarterly
$286M
Revenue by segment
SPX · $286M total across 2 segments · Q3 2021
- HVAC$179M+16.0%62.8%
- Detection & Measurement$106M+24.9%37.2%
Forward guidance
SPX anticipates adjusted revenue growth of approximately 8-10%, an adjusted operating income margin of around 11%, and adjusted earnings per share in the range of $2.18 to $2.27.
Tailwinds
- Adjusted revenue growth of ~8-10%
- HVAC segment revenue ~$755-765 million
- HVAC segment margin ~14.0%
- Detection & Measurement revenue ~$460-470 million
- Detection & Measurement margin ~19.0%
Headwinds
- Adjusted operating income margin of ~11%
- Adjusted earnings per share in a range of $2.18 to $2.27
- HVAC segment revenue prior ~$770-780 million
- HVAC segment margin prior ~14.5%
- Detection & Measurement revenue prior ~$465-475 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.7%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+4.2%
Avg return
30 days after
64%
46 / 72 earnings
Positive
+18.8%
Q1 2023
Best reaction
-17.9%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.6% | -1.7% | +2.4% | |
| Q4 2025 | -6.1% | -7.4% | -17.7% | |
| Q3 2025 | +7.7% | +12.2% | +8.1% | |
| Q1 2025 | +5.2% | +10.1% | +11.3% | |
| Q4 2024 | +10.9% | +1.7% | -5.1% | |
| Q3 2024 | -9.9% | -7.1% | +10.8% | |
| Q2 2024 | -2.0% | -1.6% | +10.6% | |
| Q1 2024 | +7.5% | +11.8% | +14.5% | |
| Q4 2023 | -0.9% | +4.2% | +9.1% | |
| Q3 2023 | +1.9% | +4.1% | +8.1% | |
| Q2 2023 | +5.1% | -0.8% | -5.1% | |
| Q1 2023 | +18.8% | +17.8% | +31.6% | |
| Q4 2022 | -0.8% | -2.7% | -7.8% | |
| Q3 2022 | +6.2% | +9.9% | +10.0% | |
| Q2 2022 | +4.7% | +4.0% | +4.5% | |
| Q1 2022 | +3.6% | +2.5% | +18.4% | |
| Q4 2021 | -4.2% | -1.8% | -5.3% | |
| Q3 2021 | +0.9% | +8.3% | -3.5% | |
| Q2 2021 | +1.1% | -0.4% | -4.7% | |
| Q1 2021 | +4.6% | +3.4% | +2.6% | |
| Q4 2020 | +1.3% | -2.4% | +1.0% | |
| Q3 2020 | -3.1% | -1.1% | +20.9% | |
| Q2 2020 | -0.5% | -0.8% | -0.3% | |
| Q1 2020 | -11.7% | -11.1% | -2.7% | |
| Q4 2019 | +0.4% | -0.0% | -29.4% | |
| Q3 2019 | +7.1% | +10.7% | +12.4% | |
| Q2 2019 | +4.9% | +3.3% | +8.7% | |
| Q1 2019 | -1.4% | -5.4% | -17.5% | |
| Q4 2018 | +11.9% | +17.1% | +9.6% | |
| Q3 2018 | -2.9% | -1.7% | +0.9% | |
| Q2 2018 | -0.7% | -0.4% | -7.5% | |
| Q1 2018 | -0.9% | +2.5% | +6.9% | |
| Q4 2017 | +1.5% | +6.3% | +3.1% | |
| Q3 2017 | +9.8% | +7.9% | +10.2% | |
| Q2 2017 | -3.7% | -5.9% | -11.9% | |
| Q1 2017 | +17.3% | +13.5% | +4.9% | |
| Q4 2016 | +7.5% | +5.4% | -6.7% | |
| Q3 2016 | +0.2% | +2.1% | +35.7% | |
| Q2 2016 | +17.5% | +18.5% | +32.5% | |
| Q1 2016 | +4.9% | — | — | |
| Q4 2015 | +13.9% | — | — | |
| Q3 2015 | -5.1% | — | — | |
| Q2 2015 | +3.3% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | -4.2% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | +4.7% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | +4.5% | — | — | |
| Q2 2012 | -2.9% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | +14.6% | — | — | |
| Q2 2011 | -17.9% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2010 | -6.8% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q2 2010 | +2.8% | — | — | |
| Q1 2009 | -4.2% | — | — | |
| Q1 2010 | +1.0% | — | — | |
| Q4 2009 | +2.6% | — | — | |
| Q4 2007 | +2.6% | — | — | |
| Q3 2009 | -8.9% | — | — | |
| Q3 2008 | -8.9% | — | — | |
| Q2 2009 | +2.0% | — | — | |
| Q4 2008 | +2.0% | — | — | |
| Q2 2008 | +2.0% | — | — |
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