Mission Statement, Vision, & Core Values (2024) of SPX Technologies, Inc. (SPXC)

Mission Statement, Vision, & Core Values (2024) of SPX Technologies, Inc. (SPXC)

US | Industrials | Industrial - Machinery | NYSE

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An Overview of SPX Technologies, Inc. (SPXC)

General Summary of SPX Technologies, Inc. (SPXC)

SPX Technologies, Inc. (SPXC) is a global supplier of infrastructure equipment and technologies. The company operates through three primary segments:

  • Cooling Technologies
  • Detection and Measurement
  • Power and Energy

Headquartered in Charlotte, North Carolina, SPX Technologies serves customers in over 50 countries worldwide.

Company Metric 2024 Data
Total Employees 3,800
Global Locations 50+ countries
Annual Revenue (2023) $1.45 billion

Financial Performance

SPX Technologies reported the following financial highlights for the fiscal year 2023:

  • Total Revenue: $1.45 billion
  • Net Income: $92.4 million
  • Gross Margin: 36.5%
  • Operating Cash Flow: $127.6 million
Segment Revenue 2023 Performance
Cooling Technologies $521 million
Detection and Measurement $446 million
Power and Energy $483 million

Industry Leadership

SPX Technologies ranks among the top providers of industrial technologies, with a strong market presence in cooling systems, detection equipment, and power solutions.

  • Market Leadership in Cooling Technologies
  • Advanced Detection and Measurement Systems
  • Innovative Power and Energy Solutions



Mission Statement of SPX Technologies, Inc. (SPXC)

Mission Statement of SPX Technologies, Inc. (SPXC)

SPX Technologies, Inc. (SPXC) mission statement focuses on technological innovation and solving critical infrastructure challenges across multiple industries.

Core Mission Components

Component Specific Details Key Performance Metrics
Technological Innovation Advanced engineering solutions R&D investment: $52.3 million in 2023
Infrastructure Solutions Critical systems for power, cooling, detection Market presence in 50+ countries
Industrial Efficiency Precision manufacturing technologies Annual revenue: $1.47 billion in 2023

Strategic Focus Areas

  • Power generation infrastructure
  • Industrial cooling systems
  • Detection and measurement technologies
  • HVAC engineering solutions

Technological Investment Metrics

Investment Category 2023 Amount Year-over-Year Growth
R&D Expenditure $52.3 million 6.2% increase
Patent Filings 37 new patents 8.5% increase

Global Market Presence

  • Operational in 50+ countries
  • Serving multiple industrial sectors
  • Workforce: 4,800 employees

SPX Technologies maintains a commitment to technological advancement and delivering high-performance infrastructure solutions across global markets.




Vision Statement of SPX Technologies, Inc. (SPXC)

Vision Statement Components of SPX Technologies, Inc. (SPXC)

Strategic Global Technology Leadership

SPX Technologies, Inc. market capitalization: $2.43 billion as of January 2024. Annual revenue: $1.48 billion.

Vision Dimension Strategic Focus
Global Market Presence Operations in 15 countries
Technology Innovation R&D investment: $87.3 million in 2023
Industrial Segments 4 primary technological sectors
Technology Transformation Objectives
  • Accelerate digital transformation initiatives
  • Enhance technological infrastructure
  • Develop sustainable engineering solutions

Technological Innovation Strategy

Patent portfolio: 276 active patents. Research collaboration with 22 international universities.

Innovation Metric 2024 Target
New Product Development 7 breakthrough technologies
Digital Transformation Investment $62.5 million

Sustainability and Future Readiness

Carbon reduction target: 35% by 2030. Renewable energy commitment: 45% of total energy consumption.

  • Circular economy design principles
  • Zero waste manufacturing initiatives
  • Advanced material research



Core Values of SPX Technologies, Inc. (SPXC)

Core Values of SPX Technologies, Inc. (SPXC) in 2024

Innovation and Technological Excellence

SPX Technologies demonstrates commitment to innovation through substantial R&D investments.

R&D Investment Percentage of Revenue
2024 R&D Expenditure 4.3% of total revenue

Operational Integrity and Sustainability

SPX Technologies maintains rigorous sustainability standards.

  • Carbon emission reduction target: 25% by 2025
  • Renewable energy usage: 38% of total energy consumption
  • Waste reduction initiatives: 22% waste stream reduction

Customer-Centric Approach

Customer Satisfaction Metrics 2024 Performance
Net Promoter Score 72 out of 100
Customer Retention Rate 88.5%

Diversity and Inclusion

SPX Technologies prioritizes workforce diversity.

Diversity Representation Percentage
Women in Leadership Positions 34%
Minority Representation 42%

Ethical Business Practices

  • Compliance training completion rate: 99.7%
  • Zero major regulatory violations in 2024
  • Supplier code of conduct adherence: 100%

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