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SPX FLOW, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 16, 2022. Its latest SEC filing is a SC 13G/A from May 2, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Makes process equipment and integrated systems for nutrition and health producers, chemical processors and other industrial customers.

How Did They Make Money?

Customers are invoiced when products are delivered or contract milestones are met; engineered equipment projects and some service contracts are billed as work progresses, with prepayments or progress payments on some equipment contracts. Other products and services are typically paid 30 to 60 days after delivery or completion.

revenue

Who Were Their Customers?

Serves food, beverage and health producers, along with customers in chemical and other industrial markets. Many products are sold through distributors and independent representatives.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in .

Operating income,
9% of revenue
▲ +62% vs ($80.9M, 6%)
Net income,
4% of revenue
▲ +1031% vs ($5.9M, 0%)

How Were They Changing?

Since the FY2021 annual report
  • Apr 5, 2022 Lone Star completed its acquisition of SPX FLOW SPX FLOW became a wholly owned subsidiary of Parent, and its common stock ceased trading on the New York Stock Exchange.

Held flat. Revenue was $1.5B in , about the same as the $1.5B of .

Former Power and Energy business Separated and sold the Disposal Group from the former Power and Energy segment; Bran+Luebbe was absorbed into Precision Solutions.

Acquired hydraulic-puller and mixing businesses Acquired businesses making hydraulic pullers and mixing solutions; the UTG Mixing Group and Philadelphia Mixing operations were added to Precision Solutions.

Revenue over time
Original Equipment Aftermarket
$2B$1B$0

Who Did They Compete With?

Competes with Alfa Laval, Enerpac Tool Group, GEA Group, IDEX, Ingersoll Rand, Tetra Pak International, Fristam Pumps, Krones, Südmo, Chemineer, EKATO, KSB, Lewa, Parker Domnick Hunter, and Prominent

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