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SPX Technologies SPXC HVAC reportable segment — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q2 '20

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MDTReportable Segments — Goodwill

$40.33B+2.2%

Other financials

Income statement

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

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

Operating cash flow$30.6M+381%

CapEx$18.5M+236%

Free cash flow$12.1M+174%

Valuation

Market cap$12.16B+67.0%

Enterprise value$12.7B+54.3%

P/E48.1×+12.2×

P/S5.2×+1.5×

Profitability

Gross margin40.5%-0.1pp

Operating margin15.8%+0.3pp

Net margin10.8%+0.6pp

FCF margin11.5%-0.1pp

Returns & leverage

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 HVAC reportable segment — goodwill, purchase accounting adjustments mean?: This metric captures the adjustments made to the carrying value of goodwill within the HVAC segment resulting from final purchase price allocations or subsequent measurement period adjustments following an acquisition. It reflects the refinement of the initial valuation of acquired assets and liabilities.