What does corporate — asset impairment charges mean?

The reduction in the recorded value of assets due to a decline in their market worth.

How do you interpret corporate — asset impairment charges?

Lower charges are preferred as they indicate that asset values remain supported by current business performance and market outlook.

How does corporate — asset impairment charges compare across companies?

Commonly reported by companies undergoing strategic pivots or facing adverse market conditions in specific business segments.

SPX Technologies SPXC Corporate — Asset Impairment Charges

Discontinued — last reported Q4 '15

Similar metrics at other companies

FCF

FCFSCorporate — Asset Impairment Charges

$3.96M—

DRICorporate Non — Asset Impairment Charges

-$150K-108%

TTMICorporate — Tangible Asset Impairment Charges

$488.25K—

PPGCorporate — Asset Impairment Charges

$0—

ALGNCorporate And Other — Asset Impairment Charges

$0—

PEA

PEAKCorporate Non — Asset Impairment Charges

——

Other financials

Income statement

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Revenue$566.8M+17.4%

Gross profit$230.6M+17.7%

Operating income$87.7M+31.7%

Net income$59.9M+17.0%

EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$158.3M-13.1%

Total debt$697.6M-31.7%

Total equity$2.3B+58.3%

Total assets$3.9B+23.6%

Cash flow

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Operating cash flow$30.6M+381%

CapEx$18.5M+236%

Free cash flow$12.1M+174%

Valuation

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Market cap$12.16B+67.0%

Enterprise value$12.7B+54.3%

P/E48.1×+12.2×

P/S5.2×+1.5×

Profitability

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Gross margin40.5%-0.1pp

Operating margin15.8%+0.3pp

Net margin10.8%+0.6pp

FCF margin11.5%-0.1pp

Returns & leverage

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Return on equity13.6%-1.6pp

Debt / equity0.3×-0.4×

Current ratio2.1×+0.2×

Where this comes from

Reported directly by SPX Technologies in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: SPX Technologies’s 10-K, filed February 26, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — asset impairment charges mean?: The reduction in the recorded value of assets due to a decline in their market worth.
How do you interpret corporate — asset impairment charges?: Lower charges are preferred as they indicate that asset values remain supported by current business performance and market outlook.
How does corporate — asset impairment charges compare across companies?: Commonly reported by companies undergoing strategic pivots or facing adverse market conditions in specific business segments.