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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SPX Technologies's retained earnings for the quarter that ended in Mar. 2024 was $87 Mil.
SPX Technologies's quarterly retained earnings increased from Sep. 2023 ($7 Mil) to Dec. 2023 ($38 Mil) and increased from Dec. 2023 ($38 Mil) to Mar. 2024 ($87 Mil).
SPX Technologies's annual retained earnings increased from Dec. 2021 ($-52 Mil) to Dec. 2022 ($-52 Mil) and increased from Dec. 2022 ($-52 Mil) to Dec. 2023 ($38 Mil).
The historical data trend for SPX Technologies's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SPX Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -584.80 | -477.20 | -51.80 | -51.60 | 38.30 |
SPX Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -8.80 | 27.20 | 6.80 | 38.30 | 87.30 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
SPX Technologies (NYSE:SPXC) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Natausha Heleena White | officer: VP and CHRO | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
J Randall Data | officer: Pres. - S. Africa & Global Op. | 13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277 |
Wayne M. Mclaren | officer: Chief Accounting Officer | C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277 |
John Webster Nurkin | officer: VP, Gen. Counsel & Secretary | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Mark A Carano | officer: VP, CFO & Treasurer | 13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277 |
Sean Mcclenaghan | officer: PRESIDENT, GLOBAL COOLING | SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277 |
Swann John William Iii | officer: Pres., Heating and Location & | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Michael Andrew Reilly | officer: Corp. Controller and CAO | 2007 CHANNELSTONE WAY, MATTHEWS NC 28104 |
Lowe Eugene Joseph Iii | director, officer: President and CEO | 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
James E Harris | officer: VP, CFO and Treasurer | C/O RXO, INC., 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Ankush Kumar | officer: President, SPX Global Cooling | C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277 |
Brian G. Mason | officer: Pres. - SPX Transformer Sol. | C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Angel S Willis | director | C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208 |
Scott William Sproule | officer: VP, CFO and Treasurer | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Meenal Sethna | director | 8755 WEST HIGGINS ROAD, SUITE 500, CHICAGO IL 60631 |
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