Skip to content

SPX Technologies SPXC Engineered Solutions — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q2 '20

Similar metrics at other companies

Applied Industrial Technologies logo
AITEngineered Solutions Segment — Goodwill, Purchase Accounting Adjustments
$1.25M
Dover logo
DOVEngineered Systems — Goodwill Purchase Accounting Adjustments
$284K-96.5%
Applied Industrial Technologies logo
AITEngineered Solutions — Goodwill, Foreign Currency Translation and Measurement Period Adjustments
$0
Pentair logo
PNRTechnical Solutions — Goodwill Purchase Accounting Adjustments
$61.8M
Element Solutions logo
ESIPerformance Solutions — Goodwill Purchase Accounting Adjustments
$7.43M
Tyler Technologies logo
TYLEnterprise Software Solutions — Goodwill Purchase Accounting Adjustments
-$1.84M

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$30.6M+381%
CapEx$18.5M+236%
Free cash flow$12.1M+174%

Valuation

See full
Market cap$12.16B+67.0%
Enterprise value$12.7B+54.3%
P/E48.1×+12.2×
P/S5.2×+1.5×

Profitability

See full
Gross margin40.5%-0.1pp
Operating margin15.8%+0.3pp
Net margin10.8%+0.6pp
FCF margin11.5%-0.1pp

Returns & leverage

See full
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:GoodwillPurchaseAccountingAdjustments.

The official record: SPX Technologies’s 10-Q, filed July 31, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does engineered solutions — goodwill, purchase accounting adjustments mean?
The net accounting adjustments to asset values and goodwill resulting from acquisitions within the Engineered Solutions business segment.
How do you interpret engineered solutions — goodwill, purchase accounting adjustments?
An increase typically indicates recent acquisition activity or a revaluation of acquired assets, while a decrease may reflect impairment charges or the amortization of purchase accounting premiums. Investors monitor this to assess the capital efficiency and integration success of the segment's inorganic growth strategy.
How does engineered solutions — goodwill, purchase accounting adjustments compare across companies?
Peers in the industrial and HVAC sectors report similar purchase accounting adjustments under ASC 805, though the magnitude varies significantly based on the frequency and size of M&A activity.