SPX Corporation

#2319

Rank

$6.26B

Marketcap

United States

Country

Leadership team

Mr. Eugene Joseph Lowe III (Pres, CEO & Director)

Mr. J. Randall Data (Pres of South Africa & Global Operations)

Mr. John Webster Nurkin (VP, Gen. Counsel & Sec.)

Products/ Services

Hardware, Industrial, Manufacturing

Number of Employees

1,000 - 20,000

Headquarters

Charlotte, North Carolina, United States

Established

1912

Company Registration

SEC CIK number: 0000088205

Net Income

20M - 100M

Revenue

Above - 1B

Traded as

SPXC

Social Media

URL

https://www.spx.com

Overview

Location

Recognition and Award

References

Summary

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

History

SPX Corporation was founded as Studebaker-Packard Corporation in 1929. Initially they produced automotive parts and equipment, however due to increasing demand, they eventually expanded into other industries such as infrastructure, detection and measurement, HVAC and other engineered solutions. The company has seen many acquisitions and divestitures over the decades, which has allowed them to become the diverse and influential business they are today.

Mission

Creating infrastructure solutions for a smarter, more productive future.

Vision

At SPX Corporation, our vision is to become the leader in delivering innovative and sustainable solutions for the industries we serve. We strive to be an outstanding corporate citizen that contributes to the world around us in a meaningful way.

Key Team

Mr. John William Swann III (Pres of Heating, Location & Inspection)

Mr. Michael A. Reilly (Interim CFO, Chief Accounting Officer, VP of Fin. & Corp. Controller)

Mr. Darnell Smith (Chief Information Officer)

Mr. Paul Clegg (VP of Investor Relations & Communications)

Vivek Dhir (VP of Global Marketing & Bus. Devel.)

Ms. NaTausha Heleena White (VP & Chief HR Officer)

Mr. Ross Skelton (Chief Commercial Officer)

Recognition and Awards

SPX Corporation has earned many awards and recognitions over the years, including being named to the Fortune 500 list, being listed as one of the top 50 companies on the S&P 500, and garnering numerous awards and accolades from both the industry and the community.