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SPX Technologies Raises FY24 EPS Guidance From $5.15-$5.40 To $5.45-$5.60 Vs $5.35 Est.; Raising Revenue Guidance From $1.965B-$2.025B To $1.97B-$2.02B Vs $1.99B Est.

Author: Benzinga Newsdesk | August 01, 2024 04:26pm

2024 Guidance Update:

SPX is updating full-year 2024 guidance, and is now targeting consolidated revenue of approximately $1.97-$2.02 billion ($1.965-$2.025 billion prior), adjusted EBITDA* of $410-$430 million ($390-$420 million prior), and adjusted earnings per share* in a range of $5.45-$5.60 ($5.15-$5.40 prior).

Segment and company performance is expected to be as follows:

RevenueSegment Income Margin % 
HVAC$1,365-$1,405 million

($1,360-$1,400 million prior)
23.00%-24.00%

(22.25%-23.25% prior)
Detection & Measurement$605-$615 million

($605-$625 million prior)
20.75%-21.75%

(20.00%-21.00% prior)
Total SPX$1.970-$2.020 billion

($1.965-$2.025 billion prior)

 
22.30%-23.30%

(21.60%-22.60% prior)

Posted In: SPXC

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