SPX Technologies Inc - Company Profile
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Business Description
SPX Technologies Inc (SPX) offers specialized engineered solutions. The company provides various solutions in detection and measurement; and heating, ventilation and air conditioning (HVAC) segments. It has operations in approximately 15 countries which include Americas, Europe, Middle East and Africa and Asia Pacific region.
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R&D Overview
SPX’s research and development (R&D) activities focus on improving its existing products and manufacturing methods and developing new products. In FY2022, it spent US$39.1 million on R&D, which as a percentage of revenue, stood at 2.7% and grew 27.4% YoY. As of December 2022, the company has 141 domestic and 366 foreign patents.
Business Segments
Overview
Engineers, manufactures, designs, and installs bus fare collection systems, underground pipe and cable locators and rehabilitation and inspection equipment, communication technologies and specialty lighting. Operates in North America, Europe and Asia Pacific regions. Major brands include Radiodetection, Pearpoint, Schonstedt, Dielectric, Warren G-V, Riser Bond, Genfare, TCI, Flash Technology, Cues ULC Robotics, Sensors & Software and others. In FY2022, the segment's capital expenditure stood at US$4.6 million, which grew 35.3% YoY.
Performance
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Overview
Engineers, manufactures, designs, installs and services cooling products for the HVAC and industrial markets; and ventilation and heating products for the commercial and residential markets. Operates in North America, Europe and Asia Pacific regions. Major brands include Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Patterson-Kelley, Leading Edge, Weil-McLain and Williamson-Thermoflo brands. In FY2022, the segment's capital expenditure stood at US$10.1 million, which grew 90.6% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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