SPX Technologies, Inc. (SPXC) Bundle
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 LeadershipSPX 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 |
- 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%
SPX Technologies, Inc. (SPXC) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.