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SPX Corp reports revenue of $349.7M in Q2 2017

Aug 4, 2017
Companies
Posted by Ken Wallingford

The SPX Corporation has announced its results for Q2 2017, reporting a total revenue of U.S. $349.7 million and operating income of U.S. $4.1 million, compared to a revenue of U.S. $371.4 million and U.S. $13.8 million in the second quarter of 2016.

According to the company press statement, SPX holds an outstanding debt of U.S. 367.4 million and total cash and equivalents of U.S. $83.5 million.

In the statement, President and CEO Gene Lowe, said, “Operational initiatives helped to drive very strong results during the quarter, including significant margin increases in our Core Engineered Solutions and Detection & Measurement segments.”

Source: Nasdaq

Photo: Closeup of calculator, hand, pen and financial statement. / Dave Dugdale / Wikimedia / CC BY-SA 2.0

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