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SPX Technologies SPXC HVAC reportable segment — Goodwill, Accumulated Impairment During Period

Discontinued — last reported Q4 '23

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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 spxc:GoodwillAccumulatedImpairmentDuringPeriod.

The official record: SPX Technologies’s 10-K, filed February 23, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPX Technologies's HVAC reportable segment — goodwill, accumulated impairment during period?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill, accumulated impairment during period of $0 in Q4 2023.
What does HVAC reportable segment — goodwill, accumulated impairment during period mean?
The total amount of value lost from goodwill in the HVAC segment due to impairment during the current period.
How do you interpret HVAC reportable segment — goodwill, accumulated impairment during period?
An increase indicates that the segment's underlying business performance or market outlook has deteriorated, necessitating a write-down of intangible assets.
How does HVAC reportable segment — goodwill, accumulated impairment during period compare across companies?
Most industrial peers report this as 'Goodwill Impairment' within segment disclosures; a zero value is standard for healthy, growing segments.