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Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Thomson Reuters (TRI). But which of these two stocks is more attractive to value investors?
SPX Technologies is expected to benefit from strong demand in its end markets, including reshoring trends and federal stimulus funds. The company has shown improvement in margins and is expected to see further upside in FY24. SPX Technologies has good growth prospects driven by a healthy backlog, strong end markets, and inorganic growth opportunities.
SPX Technologies (SPXC) could produce exceptional returns because of its solid growth attributes.
SPX Technologies, Inc. (NYSE:SPXC ) Q3 2023 Earnings Conference Call November 2, 2023 4:45 PM ET Company Participants Paul Clegg - Vice President of Investor Relations & Communications Eugene Lowe - President, Chief Executive Officer & Director Mark Carano - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Lawrence De Maria - William Blair & Company Stephen Ferazani - Sidoti & Company Walter Liptak - Seaport Research Partners Damian Karas - UBS Operator Good day and thank you for standing by. Welcome to the Q3 2023 SPX Technologies Earnings Conference Call.
The headline numbers for SPX Technologies (SPXC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CHARLOTTE, N.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it will release its financial results for the third quarter of fiscal year 2023 after the U.S. financial markets close on Thursday, November 2, 2023.
SPX Technologies, Inc. is expected to benefit from strong demand and backlog levels in its HVAC and Detection & Measurement segments. The company's revenue increased 19.6% YoY in Q2 2023, driven by organic growth and acquisitions. SPXC's long-term margin outlook is positive, with improvements expected from operational execution and volume leverage.
Invest in companies like Toll Brothers (TOL), SPX Technologies (SPXC), SherwinWilliams (SHW) and Extreme Networks (EXTR) to make the most of higher efficiency levels.
SPX Technologies, Inc. (NYSE:SPXC ) Q2 2023 Earnings Conference Call August 2, 2023 4:45 PM ET Company Participants Paul Clegg - VP, IR & Communications Eugene Lowe - President, CEO & Director Mark Carano - VP, CFO & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Lawrence De Maria - William Blair & Company Stephen Ferazani - Sidoti & Company Walter Liptak - Seaport Research Partners Damian Karas - UBS Operator Good day, and thank you for standing by. Welcome to the Q2 2023 SPX Technologies Earnings Conference Call.
SPX Technologies (SPXC) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.71 per share a year ago.