What does power reportable — goodwill impairment mean?

The loss in value of Power segment goodwill recorded in the current period.

How do you interpret power reportable — goodwill impairment?

A significant loss indicates a major failure to meet performance expectations or a deterioration in the segment's market outlook.

How does power reportable — goodwill impairment compare across companies?

Comparable to 'Goodwill Impairment' charges reported in the income statement or segment notes by peers.

SPX Technologies SPXC Power Reportable — Goodwill Impairment

Discontinued — last reported Q4 '15

Similar metrics at other companies

RRXPower Efficiency Solutions — Goodwill, impairment loss

$0—

AGXPower Industry Services — Goodwill Impairment

$1.98M—

RRXPower Transmission Solutions — Goodwill Impairment

$0—

RRXPower Efficiency Solutions — Cumulative Goodwill Impairment Charges

$200.4M0.0%

RPMPerformance Coatings Group — Goodwill Impairment

$36.7M—

AESCorporate and Other — Goodwill impairment expense

$0—

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:GoodwillImpairmentLoss.

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

Questions, answered.

What does power reportable — goodwill impairment mean?: The loss in value of Power segment goodwill recorded in the current period.
How do you interpret power reportable — goodwill impairment?: A significant loss indicates a major failure to meet performance expectations or a deterioration in the segment's market outlook.
How does power reportable — goodwill impairment compare across companies?: Comparable to 'Goodwill Impairment' charges reported in the income statement or segment notes by peers.