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Four takeaways from SPX Corp.'s 2014 earnings
2015-02-13 23:02:37| Electronics - Topix.net
SPX Corp. reported 2014 earnings of $397.9 million, for adjusted earnings $9.25 per share, this week and investors reacted well. The stock rose sharply Thursday, closing at $90.18 from a close of $88.81 Wednesday.
New names, new execs and earnings projections disclosed for SPX split
2015-02-12 18:50:23| Electronics - Topix.net
SPX Corp. has revealed more details of its proposed split, including the names of the two new companies, their stock-trading symbols and some key executives. During a conference call Thursday, SPX CEO Chris Kearney said the flow division that will be spun off into a a new company will be called SPX Flow Inc. The remaining power and infrastructure businesses will retain the name SPX Corp. "I'm glad to see you are keeping it nice and simple on the new names," said Nigel Coe of Morgan Stanley.
Tags: names
split
earnings
disclosed
SPX Corporation (SPW): Relational Investors Continues to Unload Shares
2015-01-20 10:12:11| Electronics - Topix.net
Ralph V. Whitworth 's Relational Investors reduced its stake in SPX Corporation by around 740,000 shares last Friday. According to the 13D Form filed with the U.S. Securities and Exchange Commission, the investment fund now holds 3.55 million common shares representing 8.64% of the company's outstanding stock.
Tags: corporation
continues
shares
investors
SPX Corporation (SPX): Relational Investors Resumes Selling Shares Amid Its Dissolution Plans
2014-11-03 18:09:48| Industrial Machines - Topix.net
Ralph Whitworth 's Relational Investors has disclosed reducing its stake in SPX Corporation . As two new filings with the Securities and Exchange Commission have showed, Relational sold around 671,100 shares of the company in several transactions at an average price of $97.29 per unit.
Tags: plans
corporation
selling
shares
SPX beats analysts' estimates for third quarter
2014-10-30 18:01:47| Electronics - Topix.net
SPX Corp. reported net income from continuing operations of $63.5 million, or $1.52 per diluted share, in a stronger-than-expected third quarter. Although Charlotte-based SPX beat analysts' estimates for the quarter, the earnings were below the $69.3 million in net income and $1.52 in earnings per diluted share reported in the same quarter last year.
Tags: quarter
estimates
beats
analysts