All Releases
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SPX to Present at Electrical Products Group Conference
May 14, 2009
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CHARLOTTE, NC - May 14, 2009 - SPX Corporation (NYSE: SPW) today announced that Chris Kearney, Chairman, President and CEO, and Patrick J. O'Leary, Executive Vice President and CFO, will present at the 2009 Electrical Products Group Conference in Longboat Key, FL, on Monday, May 18, 2009 at 11:30 a.m. Eastern Time.
A live webcast ...
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SPX Reports First Quarter 2009 Results
Apr 29, 2009
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CHARLOTTE, NC - April 29, 2009 - SPX Corporation (NYSE:SPW) today reported results for the first quarter ended March 28, 2009:
Revenues decreased 13.9% to $1.16 billion from $1.35 billion in the year-ago quarter. Organic revenues* declined 7.5%, completed acquisitions increased reported revenues by 0.2%, and the impact...
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Martha Wyrsch Elected to SPX's Board of Directors
Apr 22, 2009
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CHARLOTTE, NC - April 22, 2009 - SPX Corporation (NYSE: SPW) today announced that its stockholders have elected Martha B. Wyrsch to a three-year term as a member of the board, effective immediately. The company also announced that its stockholders have re-elected Christopher J. Kearney to a new three-year director term. Mr. Kearney contin...
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SPX Announces Updated 2009 Guidance
Apr 13, 2009
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CHARLOTTE, NC - April 13, 2009 - SPX Corporation (NYSE:SPW) today announced updated revenue and earnings expectations for 2009. For the first quarter, revenues are expected to be down approximately 14% as compared to the first quarter of 2008. Organic revenues* for the first quarter are expected to decline 7%, while the impact of currency...
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SPX Reports Fourth Quarter 2008 Results
Feb 25, 2009
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CHARLOTTE, NC - February 25, 2009 - SPX Corporation (NYSE:SPW) today reported results for the fourth quarter and year ended December 31, 2008:
Fourth Quarter Highlights:
Revenues increased 16.9% to $1.51 billion from $1.29 billion in the year-ago quarter. Organic revenue growth* was 6.7%, while completed...
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SPX to Provide Specialty Squib Valves for New Nuclear Power Plants
Feb 24, 2009
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CHARLOTTE, NC - February 24, 2009 - SPX Corporation (NYSE: SPW) today announced that its flow technology business has reached an agreement with Westinghouse Electric Co. to provide highly specialized squib valves for up to twelve new AP1000tm nuclear power plants in the United States and China. The contracts combined are valued in excess of $100...
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SPX Corporation Announces Quarterly Dividend
Feb 23, 2009
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CHARLOTTE, NC - February 23, 2009 - SPX Corporation (NYSE: SPW) today announced that its board of directors has declared a quarterly dividend of $0.25 per common share payable on April 2, 2009, to shareholders of record on March 13, 2009.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers high...
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SPX to Report Fourth Quarter and Full Year 2008 Financial Results on February 25
Feb 11, 2009
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CHARLOTTE, NC - February 11, 2009 - SPX Corporation (NYSE: SPW) today announced that it will release its fourth quarter and full year 2008 financial results on Wednesday, Feb. 25, 2009. Chris Kearney, Chairman, President and CEO and Patrick O'Leary, Executive Vice President and CFO will hold a conference call at 8:30 a.m. Eastern time. Th...
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SPX to Present at Barclays Capital Industrial Select Conference
Feb 6, 2009
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CHARLOTTE, NC - February 6, 2009 - SPX Corporation (NYSE: SPW) today announced that Chris Kearney, Chairman, President and Chief Executive Officer, will present at the Barclays Capital Industrial Select Conference in Miami Beach, Florida on Monday, February 9, 2009 at 3:25 p.m. Eastern Time.
A live webcast of the presentation and ...
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SPX Announces Sale of DeZurik Product Line
Jan 30, 2009
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CHARLOTTE, NC - January 30, 2009 - SPX Corporation (NYSE: SPW) today announced that it has sold the remaining portion of its DeZurik product line to Sartell Valves Inc., a Minnesota-based water and wastewater treatment company. Formerly part of SPX's flow technology segment, this DeZurik product line of industrial valves was previou...
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SPX Announces 2009 Annual Guidance
Jan 21, 2009
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CHARLOTTE, NC - January 21, 2009 - SPX Corporation (NYSE:SPW), today announced its 2009 annual financial guidance. "We believe the company is well-positioned to meet the challenges ahead, including the uncertain economic environment," said Chris Kearney, President, Chairman and CEO of SPX. "In response to the current state of the global e...
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SPX Secures Additional Contracts for Dry Cooling Systems in China
Jan 16, 2009
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CHARLOTTE, NC - January 16, 2009 - SPX Corporation (NYSE: SPW) today announced that the Chinese subsidiaries of its thermal equipment and services segment have secured two contracts worth $51 million to provide dry cooling systems for the Hequ (Shanxi) and Haibowan (Inner Mongolia) power plants.
The Hequ power plant is owned and o...
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SPX Announces Sale of GSE Scales Product Line
Jan 6, 2009
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CHARLOTTE, NC - January 6, 2009 - SPX Corporation (NYSE: SPW) today announced the sale of its GSE Scales product line, in the test and measurement segment, to Illinois Tool Works Inc. SPX Corporation reported this business unit as a discontinued operation at the end of the third quarter 2008.
Robert W. Baird & Co. Incorporated s...
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SPX to Hold Investor Meeting January 21
Dec 22, 2008
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CHARLOTTE, NC - December 22, 2008 - SPX Corporation (NYSE: SPW) today announced that it will meet with investors on Wednesday, January 21, 2009, at 1 p.m. Eastern time to present the company's earnings guidance for 2009. The meeting will last approximately 90 minutes and will feature remarks by Chris Kearney, Chairman, President and CEO a...
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SPX Awarded Contracts to Provide Cooling Systems for Power Plants in China
Dec 19, 2008
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CHARLOTTE, NC - December 19, 2008 - SPX Corporation (NYSE: SPW) today announced that the Chinese subsidiaries of its thermal equipment and services segment have been awarded two contracts, totaling $43 million, to deliver dry cooling systems for Salaqi (Inner Mongolia) and Midong (Xinjiang) power plants. The facilities are owned and opera...
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SPX Announces 10b5-1 Share Repurchase Plan
Dec 18, 2008
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CHARLOTTE, NC - December 18, 2008 - SPX Corporation (NYSE: SPW) today announced that it has adopted a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to facilitate the repurchase of up to three million shares of its common stock on or before December 31, 2009, in accordance with a share repurchas...
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SPX Completes Sale of LDS Business Unit
Dec 15, 2008
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CHARLOTTE, NC - December 15, 2008 - SPX Corporation (NYSE: SPW) today announced that it has completed the sale of LDS Test and Measurement, its vibration testing and data acquisition equipment business unit, to Spectris plc for approximately $86 million. The company reported this business unit as a discontinued operation at the end of the...
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SPX Corporation Announces Quarterly Dividend
Nov 26, 2008
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CHARLOTTE, NC - November 26, 2008 - SPX Corporation (NYSE: SPW) today announced that its board of directors has declared a quarterly dividend of $0.25 per common share payable on January 2, 2009, to shareholders of record on December 15, 2008.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers...
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SPX to Present at Baird's 2008 Industrial Conference
Nov 10, 2008
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CHARLOTTE, NC - November 10, 2008 - SPX Corporation (NYSE: SPW) today announced that Chris Kearney, Chairman, President and CEO will present at the Baird 2008 Industrial Conference on Tuesday, November 11, 2008, in Chicago, Illinois. The presentation is scheduled to begin at approximately 2:30 p.m. Central time (3:30 p.m. Eastern time)....
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SPX to Participate at Goldman Sachs Global Industrials Conference 2008
Nov 4, 2008
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CHARLOTTE, NC - November 4, 2008 - SPX Corporation (NYSE: SPW) today announced that Chris Kearney, Chairman, President and CEO and Patrick O'Leary, Executive Vice President and CFO will participate at the Goldman Sachs Global Industrials Conference 2008 on Wednesday, November 5, in New York City. The session is scheduled for 11:15 a...
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