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Wednesday, May 1, 9:29 AM More on SPX Corp.'s (SPW) Q1 results: Big earnings and revenue misses are blamed on woes in the thermal industry, where SPX makes components and systems for power plants. Lowers guidance for FY 2013, seeing EPS of $4.25-$4.65 vs. earlier $4.60-$5.10 and $4.96 analyst consensus. Shares -9.4% premarket. Comment! [Earnings, On the Move]
Wednesday, May 1, 6:32 AM SPX Corp (SPW): Q1 EPS of $0.20 misses by $0.06. Revenue of $1.13B (-1.7% Y/Y) misses by $0.08B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:05 AM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Tuesday, April 30, 5:30 PM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Wednesday, March 27, 9:35 AM Alstom awards SPX (SPW -1%) $35M contract for air-cooled condenser. The stock is off more than 4% this week after consecutive downgrades. Comment!
Monday, March 25, 11:58 AM SPX Corp. (SPW -3%) is getting no love from analysts to start the week, as the industrial tech company is downgraded twice Monday. Deutsche Bank cuts the shares from Buy to Hold saying the upside from the stock's current price to a target price of $90 simply is not "sufficient to justify a continued purchase recommendation." Meanwhile, JPMorgan lowers the stock from Overweight to Neutral with a $77 price target citing "stubborn weakness in the thermal backlog" among other factors. Comment!
Thursday, February 21, 10:16 AM SPX Corporation (SPW) declares $0.25/share quarterly dividend, in line with previous. Forward yield 1.26%. For shareholders of record Mar. 14. Payable Apr. 02. Ex-div date Mar. 12. (PR) Comment! [Dividends]
Thursday, February 14, 6:35 AM SPX Corp (SPW): Q4 EPS from continuing ops. of -$3.62. Revenue of $1.44B (+14.1% Y/Y) beats by $0.06B. (PR) Comment! [Earnings, Breaking News]
Tuesday, January 8, 3:44 PM Shares of Gardner Denver (GDI +0.7%) are active today, getting bid up on reports of renewed talks with buyout firms KKR (KKR +0.5%) and Advent International after talks with SPX Corp. (SPW -1%) ended. GDI has been actively seeking a buyer, and plans to begin meeting next week with Advent and KKR, as well as a team formed by Onex Corp. and TPG Capital. Comment! [On the Move, M&A]
Friday, December 21, 2012, 3:05 PM Gardner Denver (GDI -10.3%) reportedly ends deal talks with SPX (SPW +1.3%) and invites PE firms that made earlier offers for the industrial machinery maker to meet with management in early January. The talks between GDI and SPX were said to have focused on an SPX offer of ~$85/share, but ended after doubts emerged on both sides about the deal's success. 1 Comment [M&A, On the Move]
Wednesday, December 12, 2012, 2:46 PM Reuters reports SPX (SPW -0.5%) has outbid private equity firms competing to buy Gardner Denver (GDI +5.7%) by a wide margin, offering to pay more than $4B. The SPX offer was so much higher that GDI reportedly cancelled management meetings with other bidders that were initially set for this week and did not even seek second-round offers. 1 Comment [M&A, On the Move]
Tuesday, December 11, 2012, 12:45 PM Midday top 10 gainers: BGMD +146%. SOMX +75%. ACUR +56%. TNS +43%. ULBI +18%. MEAD +16%. ESYS +15%. SZYM +14%. GTXI +13%. CLWR +12%.
Midday top 10 Losers: CBMX -11%. ESIO -11%. AMCN -9%. SEV -9%. GGAL -8%. SPW -8%. TELK -7%. [[JW-A]] -7%. MGLN -7%. SXC -7%. 2 Comments [On the Move]
Tuesday, December 11, 2012, 3:21 AM SPX (SPW) reportedly enters negotiations to acquire industrial-pumps maker Gardner Denver (GDI), which has a market cap of $3.47B after closing at $68.32 yesterday. The talks leave private-equity firms on the sidelines after they made offers in the low- to mid-$70s per share in cash. SPX's bid is higher but may include a stock component. Comment! [M&A]
Tuesday, November 27, 2012, 8:16 AM SPX Corp. (SPW) declares $0.25/share quarterly dividend, in line with previous. Forward yield 1.45%. For shareholders of record Dec 12. Payable Dec 27. Ex-div date Dec 10. (PR) Comment! [Dividends]
Wednesday, October 31, 2012, 6:36 AM SPX Corp. (SPW): Q3 EPS of $1.05 misses by $0.01. Revenue of $1.25B (+7.2% Y/Y) misses by $50M. (PR) Comment! [Earnings]
Wednesday, October 3, 2012, 11:47 AM India's Paharpur Cooling Towers Ltd. reportedly is in talks to acquire the cooling business of SPX Corp. (SPW +5.7%) for $500M-$600M, and the Indian company’s management is exploring ways to tie up the financing of the deal with several foreign banks SPX declines to comment. Comment! [M&A, Global & FX, On the Move]

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