SPX Technologies: Healthy Outlook, Reasonable Valuation

Jul. 10, 2023 12:47 PM ETSPX Technologies, Inc. (SPXC) StockSPXC
Carlos R. Tartarini
552 Followers

Summary

  • The latest earnings released in May by SPX came in as one of the best among industrial stocks, with higher volumes and price increases contributing to the organic growth.
  • The company has raised guidance and now forecasts revenue growth of 11%, and sees EPS growth of 25%. This positive view is underscored by a growing backlog.
  • As valuation remains at reasonable levels, SPX should be viewed as an attractive stock to get exposure to growing markets, such as HVAC and secular trends, like decarbonization.

Sistema de resfriamento no telhado

Marcus Lindstrom/iStock via Getty Images

This year has been generally positive for the stock market so far, with some stocks like SPX Technologies (NYSE:SPXC) handily outperforming the broader market. SPX's strong returns have been mostly driven by the strong

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I am an individual investor. My main focus on investing is to achieve capital appreciation by selecting high value and compelling growth opportunities.

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