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Hot Stocks
SPX Corporation to purchase Cincinatti Fan from Dominus Capital » 09:11
11/15/21
11/15
09:11
11/15/21
09:11
SPXC

SPX Corporation

$65.67 /

+0.055 (+0.08%)

SPX Corporation announced…

SPX Corporation announced that it has entered into a definitive agreement to purchase Cincinnati Fan & Ventilator Co., Inc from Dominus Capital, L.P. Cincinnati Fan is headquartered in Mason, Ohio and has approximately 215 employees in the US and the UK. The transaction is expected to close by year end 2021 and is subject to regulatory approval and customary closing conditions. Other terms of the transaction are not being disclosed at this time. Once fully integrated, SPX anticipates that the acquisition will be accretive to its HVAC segment margin. SPX was represented by BlackArch Partners, LLC as financial adviser and Holland & Knight LLP as legal counsel. William Blair served as financial advisor, and White & Case LLP served as legal counsel for Cincinnati Fan.

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SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

11/04/21 William Blair
William Blair downgrades SPX on 'extensive' supply chain disruptions
11/04/21 William Blair
SPX Corporation downgraded to Market Perform from Outperform at William Blair
04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

Hot Stocks
SPX Corporation to purchase Cincinnati Fan from Dominus Capital » 08:52
11/15/21
11/15
08:52
11/15/21
08:52
SPXC

SPX Corporation

$65.67 /

+0.055 (+0.08%)

Dominus Capital announced…

Dominus Capital announced that it has entered into a definitive agreement to sell Cincinnati Fan & Ventilator to SPX Corporation. "Dominus has been an excellent partner for Cincinnati Fan," said Paul Burton, President and CEO of Cincinnati Fan. "Dominus supported our growth with strong industry expertise and capital. We completed and integrated two strategic acquisitions and successfully launched new products to deliver more solutions to our customers. Dominus allowed us to maintain our core Cincinnati Fan DNA, while providing the resources to accelerate our growth story." The transaction is expected to close by year end 2021 and is subject to regulatory approval and customary closing conditions. Other terms of the transaction are not being disclosed at this time.

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SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

11/04/21 William Blair
William Blair downgrades SPX on 'extensive' supply chain disruptions
11/04/21 William Blair
SPX Corporation downgraded to Market Perform from Outperform at William Blair
04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$65.67 /

+0.055 (+0.08%)

Downgrade
William Blair downgrades SPX on 'extensive' supply chain disruptions » 07:38
11/04/21
11/04
07:38
11/04/21
07:38
SPXC

SPX Corporation

$62.07 /

+0.63 (+1.03%)

William Blair analyst…

William Blair analyst Nicholas Heymann downgraded SPX Corporation to Market Perform from Outperform without a price target. The analyst believes "extensive" supply chain complications will delay the company's expected operational improvement until mid-2022 or later. This is likely to also delay SPX's plan to complete major capital redeployment acquisition, Heymann tells investors in a research note. After speaking with management last night, the analyst senses that any major acquisition is likely to be now be delayed until SPX has been able to overcome its operational disruption.

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SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

11/04/21 William Blair
SPX Corporation downgraded to Market Perform from Outperform at William Blair
04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

Downgrade
SPX Corporation downgraded to Market Perform from Outperform at William Blair » 06:43
11/04/21
11/04
06:43
11/04/21
06:43
SPXC

SPX Corporation

$62.07 /

+0.63 (+1.03%)

William Blair analyst…

William Blair analyst Nicholas Heymann downgraded SPX Corporation to Market Perform from Outperform.

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SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

Earnings
SPX Corporation lowers FY21 adjusted EPS view to $2.18-$2.27 from $2.25-$2.45 » 16:19
11/03/21
11/03
16:19
11/03/21
16:19
SPXC

SPX Corporation

$62.07 /

+0.63 (+1.03%)

FY21 EPS consensus 94c.…

FY21 EPS consensus 94c. Sees FY21 revenue growth of approximately 8-10%, previous guidance $1.25B, consensus $1.25B. Sees FY21 adjusted income margin of 11%, previous guidance 11%-12%.

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SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

Earnings
SPX Corporation reports Q3 adjusted EPS 41c, consensus 44c » 16:17
11/03/21
11/03
16:17
11/03/21
16:17
SPXC

SPX Corporation

$62.07 /

+0.63 (+1.03%)

Reports Q3 revenue…

Reports Q3 revenue $285.8M, consensus $295.02M. Gene Lowe, President and CEO, remarked, "During the quarter the demand for our products was very high across our businesses; and, we ended the quarter with strong bookings and record backlog. We also closed the sale of Transformer Solutions at quarter-end, repositioning the company for our next phase of growth." Lowe further commented, "Late in the quarter, we experienced accelerating challenges in our supply chain, impacting our revenue and margin performance. While we are taking actions to alleviate the impact of these constraints, we anticipate that supply chain challenges and project delays will affect our Q4 performance; and, we are adjusting our guidance accordingly. Looking ahead, I feel good about our positioning," Lowe continued. "With our strong balance sheet, a robust demand backdrop, and our highly-capable, experienced team, we are poised to continue executing on our 'SPX 2025' targets using the many levers under our control."

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SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$62.07 /

+0.63 (+1.03%)

Over a month ago
Hot Stocks
SPX Corporation completes sale of SPX Transformer Solutions to Prolec GE » 07:29
10/04/21
10/04
07:29
10/04/21
07:29
SPXC

SPX Corporation

$56.06 /

+2.575 (+4.81%)

, GE

General Electric

$105.81 /

+2.82 (+2.74%)

SPX Corporation (SPXC)…

SPX Corporation (SPXC) announced that it has completed the sale of SPX Transformer Solutions, Inc. to GE-Prolec Transformers, a subsidiary of a joint venture between GE (GE) and Xignux S.A. de C.V. The contract sale price of $645M includes assumed debt and is subject to a net working capital adjustment and other typical adjustments. SPX anticipates paying taxes on the gain from the sale during 2022.

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SPXC SPX Corporation
$56.06 /

+2.575 (+4.81%)

GE General Electric
$105.81 /

+2.82 (+2.74%)

SPXC SPX Corporation
$56.06 /

+2.575 (+4.81%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
GE General Electric
$105.81 /

+2.82 (+2.74%)

09/03/21 JPMorgan
Los Angeles vote shows 'secular decline' risk of GE Power, says JPMorgan
08/11/21 Citi
GE price target adjusted to $136 at Citi to account for reverse split
08/11/21 JPMorgan
GE industrial FCF a 'construct' that is 'detached from reality,' says JPMorgan
07/14/21 Deutsche Bank
General Electric price target lowered to $14 from $15 at Deutsche Bank
SPXC SPX Corporation
$56.06 /

+2.575 (+4.81%)

GE General Electric
$105.81 /

+2.82 (+2.74%)

GE General Electric
$105.81 /

+2.82 (+2.74%)

GE General Electric
$105.81 /

+2.82 (+2.74%)

GE General Electric
$105.81 /

+2.82 (+2.74%)

Conference/Events
SPX Corporation management to meet virtually with Oppenheimer » 04:55
09/29/21
09/29
04:55
09/29/21
04:55
SPXC

SPX Corporation

$53.53 /

-1.69 (-3.06%)

Virtual Meeting to be…

Virtual Meeting to be held on September 29 hosted by Oppenheimer.

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SPXC SPX Corporation
$53.53 /

-1.69 (-3.06%)

SPXC SPX Corporation
$53.53 /

-1.69 (-3.06%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$53.53 /

-1.69 (-3.06%)

Conference/Events
SPX Corporation management to meet virtually with Oppenheimer » 15:40
09/22/21
09/22
15:40
09/22/21
15:40
SPXC

SPX Corporation

$55.30 /

+0.86 (+1.58%)

Virtual Meeting to be…

Virtual Meeting to be held on September 29 hosted by Oppenheimer.

ShowHide Related Items >><<
SPXC SPX Corporation
$55.30 /

+0.86 (+1.58%)

SPXC SPX Corporation
$55.30 /

+0.86 (+1.58%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
SPXC SPX Corporation
$55.30 /

+0.86 (+1.58%)

Over a quarter ago
Earnings
SPX Corporation sees FY21 adjusted EPS $2.25-$2.45, consensus $2.39 » 16:48
08/05/21
08/05
16:48
08/05/21
16:48
SPXC

SPX Corporation

$64.69 /

+0.48 (+0.75%)

Sees FY21 revenue $1.25B,…

Sees FY21 revenue $1.25B, consensus $1.53B. Sees FY21 adjusted income margin of 11%-12%.

ShowHide Related Items >><<
SPXC SPX Corporation
$64.69 /

+0.48 (+0.75%)

SPXC SPX Corporation
$64.69 /

+0.48 (+0.75%)

04/20/21 Sidoti
SPX Corporation re-initiated with a Buy at Sidoti
12/21/20 Oppenheimer
SPX Corporation price target raised to $60 from $54 at Oppenheimer
09/03/20 William Blair
SPX Corporation upgraded to Outperform from Market Perform at William Blair
SPXC SPX Corporation
$64.69 /

+0.48 (+0.75%)

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