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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. SPX Technologies's Net Income for the three months ended in Sep. 2024 was $50 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $175 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. SPX Technologies's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $1.06.
The historical data trend for SPX Technologies's Net Income 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 | |||||||||||
Net Income | Get a 7-Day Free Trial | 70.90 | 99.00 | 425.40 | 0.20 | 89.90 |
SPX Technologies Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net Income | Get a 7-Day Free Trial | -20.40 | 31.50 | 49.00 | 44.20 | 50.20 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
SPX Technologies's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 186.3 | + | -41.6 | + | -54.8 | + | -1.4210854715202E-14 |
= | 90 |
SPX Technologies's Net Income for the quarter that ended in Sep. 2024 is calculated as
Net Income | (Q: Sep. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 66 | + | -15.1 | + | -0.7 | + | 7.105427357601E-15 |
= | 50 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $175 Mil.
* 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 (NYSE:SPXC) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
SPX Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (50.2 | - | 0) | / | 47.265 | |
= | 1.06 |
* 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.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of SPX Technologies's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
J Randall Data | officer: Pres. - S. Africa & Global Op. | 13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277 |
Swann John William Iii | officer: Pres., Heating and Location & | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Lowe Eugene Joseph Iii | director, officer: President and CEO | 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Natausha Heleena White | officer: VP and CHRO | C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, 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 |
Michael Andrew Reilly | officer: Corp. Controller and CAO | 2007 CHANNELSTONE WAY, MATTHEWS NC 28104 |
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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