SPXC Q1 2023 Earnings — SPX Technologies, Inc. Revenue & Financial Results | Market Cap Arena

SPXCSPX Technologies, Inc.

$11B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$400M+30.2% YoY

Gross Profit

$150M37.5% margin

Operating Income

$50M12.5% margin

Net Income

$43M10.7% margin

EPS (Diluted)

$0.92

QoQ Revenue Growth

-6.9%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$8M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$895M

Stockholders' Equity

$1.1B

Cash & Equivalents

$205M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$400M	$307M	+30.2%
Gross Profit	$150M	$104M	+44.1%
Operating Income	$50M	$11M	+336.8%
Net Income	$43M	$11M	+275.4%

Revenue Segments

Detection and Measurement Reportable Segment

$66M100%