How do you interpret engineered solutions reportable segment — goodwill, gross?

A high gross goodwill balance indicates a history of aggressive acquisition activity within the segment.

How does engineered solutions reportable segment — goodwill, gross compare across companies?

Standard accounting metric for companies that grow through M&A, comparable across all sectors.

SPX Technologies SPXC Engineered Solutions reportable segment — Goodwill, Gross

Discontinued — last reported Q1 '21

Similar metrics at other companies

DOVEngineered Systems — Goodwill Gross

$1.48B+15.9%

AITEngineered Solutions Segment — Goodwill, Purchase Accounting Adjustments

$1.25M—

VMI

VMIEngineered Support Structures Segment — Goodwill, Gross

$232.32M+1.6%

DOVEngineered Systems Segment — Goodwill, Acquired During Period

$0—

AITEngineered Solutions — Goodwill, Acquired During Period

$280K-96.7%

DOVEngineered Systems Segment — Goodwill

$1.62B-1.3%

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:GoodwillGross.

The official record: SPX Technologies’s 10-Q, filed May 7, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does engineered solutions reportable segment — goodwill, gross mean?: The total unadjusted value of goodwill attributed to acquisitions in the Engineered Solutions segment.
How do you interpret engineered solutions reportable segment — goodwill, gross?: A high gross goodwill balance indicates a history of aggressive acquisition activity within the segment.
How does engineered solutions reportable segment — goodwill, gross compare across companies?: Standard accounting metric for companies that grow through M&A, comparable across all sectors.