SPXC Q2 2023 Earnings — SPX Technologies, Inc. Revenue & Financial Results | Market Cap Arena

SPXCSPX Technologies, Inc.

$11B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$423M+19.6% YoY

Gross Profit

$164M38.6% margin

Operating Income

$51M12.1% margin

Net Income

$36M8.5% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$67M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$87M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$423M	$354M	+19.6%
Gross Profit	$164M	$125M	+31.3%
Operating Income	$51M	$27M	+88.6%
Net Income	$36M	$13M	+176.9%

Revenue Segments

Detection and Measurement Reportable Segment

$67M100%