Feb. 25 at 9:31 PM
$SPXC SPX Technologies reports Q4 EPS
$1.51, consensus
$1.51
Reports Q4 revenue $
$533.7M, consensus
$532.88M.Gene Lowe, President and CEO, remarked, "I am very pleased with our full-year 2024 results, including Adjusted EBITDA growth of 36% and Adjusted EPS* growth of 29%, which was near the top end of our guidance range. Our strong Q4 performance included record margin and profitability in our HVAC segment, supported by robust customer demand and solid operational execution." Mr. Lowe continued, "I am proud of our team's accomplishments over the past year.
We made significant progress on our key initiatives, including digital and continuous improvement, and further expanded our position in Engineered Air Movement, within our HVAC segment, with the acquisition of Ingenia. In January, we made another significant addition to our Detection & Measurement segment with the acquisition of Kranze Technology Solutions, or KTS, which significantly scales our position in Communication Technologies and positions us for further growth."
Mr. Lowe further commented, "Looking ahead we see healthy demand in key markets and favorable execution trends in our businesses, positioning us well to achieve another year of solid growth. For 2025, at the midpoint of our guidance range, we anticipate another year of double digit growth in Adjusted EBITDA* and Adjusted EPS*. With operational momentum and a strong pipeline of attractive acquisition opportunities, I remain highly confident in our ability to continue driving value for years to come."
