$SPXC
SPX Technologies, Inc.

2022 Q2 Form 10-Q Financial Statement

#000008820522000021 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $307.1M $287.2M
YoY Change 6.93% 11.62%
Cost Of Revenue $203.1M $182.8M
YoY Change 11.11% 7.72%
Gross Profit $104.0M $104.4M
YoY Change -0.38% 16.78%
Gross Profit Margin 33.87% 36.35%
Selling, General & Admin $84.20M $75.20M
YoY Change 11.97% 11.57%
% of Gross Profit 80.96% 72.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.00M $8.700M
YoY Change 60.92% -6.45%
% of Gross Profit 13.46% 8.33%
Operating Expenses $84.20M $75.20M
YoY Change 11.97% 11.57%
Operating Profit $11.40M $25.00M
YoY Change -54.4% 42.86%
Interest Expense $2.400M $4.200M
YoY Change -42.86% -12.5%
% of Operating Profit 21.05% 16.8%
Other Income/Expense, Net $6.500M $7.400M
YoY Change -12.16% 37.04%
Pretax Income $15.60M $28.30M
YoY Change -44.88% 55.49%
Income Tax $2.600M $5.300M
% Of Pretax Income 16.67% 18.73%
Net Earnings $11.40M $26.80M
YoY Change -57.46% -1.11%
Net Earnings / Revenue 3.71% 9.33%
Basic Earnings Per Share $0.25 $0.59
Diluted Earnings Per Share $0.25 $0.58
COMMON SHARES
Basic Shares Outstanding 45.55M shares 45.13M shares
Diluted Shares Outstanding 46.45M shares 46.32M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.8M $106.9M
YoY Change 145.84% -43.8%
Cash & Equivalents $262.8M $90.70M
Short-Term Investments
Other Short-Term Assets $78.60M $105.5M
YoY Change -25.5% 14.43%
Inventory $220.7M $169.7M
Prepaid Expenses
Receivables $223.1M $237.6M
Other Receivables $0.00 $29.30M
Total Short-Term Assets $815.5M $695.5M
YoY Change 17.25% -9.56%
LONG-TERM ASSETS
Property, Plant & Equipment $110.7M $186.6M
YoY Change -40.68% 4.77%
Goodwill $490.6M $500.2M
YoY Change -1.92% 10.91%
Intangibles $405.9M $300.3M
YoY Change 35.16% 21.83%
Long-Term Investments
YoY Change
Other Assets $676.6M $613.0M
YoY Change 10.38% 1.56%
Total Long-Term Assets $1.752B $1.602B
YoY Change 9.38% 7.67%
TOTAL ASSETS
Total Short-Term Assets $815.5M $695.5M
Total Long-Term Assets $1.752B $1.602B
Total Assets $2.567B $2.297B
YoY Change 11.76% 1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.0M $135.0M
YoY Change -17.78% -2.1%
Accrued Expenses $177.4M $234.6M
YoY Change -24.38% 16.48%
Deferred Revenue $43.70M $106.7M
YoY Change -59.04% 17.12%
Short-Term Debt $2.000M $100.0M
YoY Change -98.0% -62.52%
Long-Term Debt Due $13.00M $8.900M
YoY Change 46.07% 117.07%
Total Short-Term Liabilities $393.9M $586.8M
YoY Change -32.87% -16.65%
LONG-TERM LIABILITIES
Long-Term Debt $227.7M $282.6M
YoY Change -19.43% 14.41%
Other Long-Term Liabilities $761.2M $737.8M
YoY Change 3.17% 1.49%
Total Long-Term Liabilities $1.058B $1.049B
YoY Change 0.77% 4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $393.9M $586.8M
Total Long-Term Liabilities $1.058B $1.049B
Total Liabilities $1.451B $1.636B
YoY Change -11.29% -4.0%
SHAREHOLDERS EQUITY
Retained Earnings -$40.40M -$461.3M
YoY Change -91.24% -13.86%
Common Stock $1.321B $1.316B
YoY Change 0.41% 0.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $432.4M $445.4M
YoY Change -2.92% -1.37%
Treasury Stock Shares 7.349M shares 7.569M shares
Shareholders Equity $1.116B $671.7M
YoY Change
Total Liabilities & Shareholders Equity $2.567B $2.297B
YoY Change 11.76% 1.8%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $11.40M $26.80M
YoY Change -57.46% -1.11%
Depreciation, Depletion And Amortization $14.00M $8.700M
YoY Change 60.92% -6.45%
Cash From Operating Activities -$57.20M $60.20M
YoY Change -195.02% 125.47%
INVESTING ACTIVITIES
Capital Expenditures -$2.100M -$2.600M
YoY Change -19.23% -55.17%
Acquisitions $41.80M $0.00
YoY Change
Other Investing Activities -$55.70M $3.500M
YoY Change -1691.43%
Cash From Investing Activities -$57.80M $900.0K
YoY Change -6522.22% -115.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$11.40M -$25.60M
YoY Change -55.47% -476.47%
NET CHANGE
Cash From Operating Activities -$57.20M $60.20M
Cash From Investing Activities -$57.80M $900.0K
Cash From Financing Activities -$11.40M -$25.60M
Net Change In Cash -$126.5M $38.60M
YoY Change -427.72% 39.35%
FREE CASH FLOW
Cash From Operating Activities -$57.20M $60.20M
Capital Expenditures -$2.100M -$2.600M
Free Cash Flow -$55.10M $62.80M
YoY Change -187.74% 93.23%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000088205
CY2022Q2 dei Amendment Flag
AmendmentFlag
false
CY2022Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q2 dei Document Type
DocumentType
10-Q
CY2022Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 dei Document Period End Date
DocumentPeriodEndDate
2022-04-02
CY2022Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q2 dei Entity File Number
EntityFileNumber
1-6948
CY2022Q2 dei Entity Registrant Name
EntityRegistrantName
SPX CORP
CY2022Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-1016240
CY2022Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
6325 Ardrey Kell Road
CY2022Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 400
CY2022Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Charlotte
CY2022Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
NC
CY2022Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
28277
CY2022Q2 dei City Area Code
CityAreaCode
980
CY2022Q2 dei Local Phone Number
LocalPhoneNumber
474-3700
CY2022Q2 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01
CY2022Q2 dei Trading Symbol
TradingSymbol
SPXC
CY2022Q2 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022Q2 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q2 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45718063 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307100000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
287200000 USD
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
203100000 USD
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
182800000 USD
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
84200000 USD
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
75200000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9300000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000.0 USD
CY2022Q2 spxc Special Charges
SpecialCharges
0 USD
CY2021Q2 spxc Special Charges
SpecialCharges
200000 USD
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
900000 USD
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11400000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25000000.0 USD
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6500000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7400000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
2400000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
4200000 USD
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15600000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28300000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5300000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13000000.0 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
23000000.0 USD
CY2022Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
CY2021Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
4600000 USD
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1600000 USD
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46445000 shares
CY2021Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-800000 USD
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1600000 USD
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3800000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11400000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
26800000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.29
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.51
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.08
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45554000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45132000 shares
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.50
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.08
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46319000 shares
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14400000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29500000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262800000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
388200000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
223100000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
223400000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
30300000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
28900000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
220700000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
189800000 USD
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
78600000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
73100000 USD
CY2022Q2 us-gaap Assets Current
AssetsCurrent
815500000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
903400000 USD
CY2022Q2 us-gaap Land
Land
13900000 USD
CY2021Q4 us-gaap Land
Land
13900000 USD
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
62800000 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
62900000 USD
CY2022Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
233100000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
231400000 USD
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
309800000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
308200000 USD
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
199100000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
194900000 USD
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
110700000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
113300000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
490600000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
457300000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
405900000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
415500000 USD
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
676600000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
675900000 USD
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
12500000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
11000000.0 USD
CY2022Q2 spxc Cash And Cash Equivalents Included In Assets Of Abandoned Entities
CashAndCashEquivalentsIncludedInAssetsOfAbandonedEntities
6700000 USD
CY2021Q4 spxc Cash And Cash Equivalents Included In Assets Of Abandoned Entities
CashAndCashEquivalentsIncludedInAssetsOfAbandonedEntities
7800000 USD
CY2022Q2 spxc Assets Of Abandoned Entities
AssetsOfAbandonedEntities
55400000 USD
CY2021Q4 spxc Assets Of Abandoned Entities
AssetsOfAbandonedEntities
52200000 USD
CY2022Q2 us-gaap Assets
Assets
2567200000 USD
CY2021Q4 us-gaap Assets
Assets
2628600000 USD
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
111000000.0 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
119600000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
43700000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44700000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
177400000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
217900000 USD
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
46800000 USD
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
42100000 USD
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
2000000.0 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2200000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
13000000.0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
13000000.0 USD
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
393900000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
439500000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
227700000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
230800000 USD
CY2022Q2 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
30600000 USD
CY2021Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
31300000 USD
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
761200000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
788500000 USD
CY2022Q2 spxc Liabilities Of Abandoned Entities
LiabilitiesOfAbandonedEntities
38000000.0 USD
CY2021Q4 spxc Liabilities Of Abandoned Entities
LiabilitiesOfAbandonedEntities
35600000 USD
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1057500000 USD
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1086200000 USD
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53065643 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45716583 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53011255 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45467768 shares
CY2022Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 USD
CY2021Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 USD
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1321200000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1334200000 USD
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-40400000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51800000 USD
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
266900000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
263900000 USD
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
7349060 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7543487 shares
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
432400000 USD
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
443900000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1115800000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1102900000 USD
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2567200000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2628600000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1102900000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11400000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3000000.0 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2500000 USD
CY2022Q2 spxc Apic Share Based Payment Arrangement Long Term Incentive Compensation Expense
APICShareBasedPaymentArrangementLongTermIncentiveCompensationExpense
3100000 USD
CY2022Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-7100000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1115800000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
640100000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
26800000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2700000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90700000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3800000 USD
CY2021Q2 spxc Apic Share Based Payment Arrangement Long Term Incentive Compensation Expense
APICShareBasedPaymentArrangementLongTermIncentiveCompensationExpense
3000000.0 USD
CY2021Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-4700000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
671700000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
11400000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26800000 USD
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1600000 USD
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3800000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13000000.0 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
23000000.0 USD
CY2022Q2 spxc Special Charges
SpecialCharges
0 USD
CY2021Q2 spxc Special Charges
SpecialCharges
200000 USD
CY2022Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
4400000 USD
CY2021Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
5200000 USD
CY2022Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4300000 USD
CY2021Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
8300000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14000000.0 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8700000 USD
CY2022Q2 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1600000 USD
CY2021Q2 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
700000 USD
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3100000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2700000 USD
CY2022Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-600000 USD
CY2021Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1800000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-10400000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-27500000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25600000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6900000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-65500000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-37300000 USD
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
100000 USD
CY2021Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
400000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-48600000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
23100000 USD
CY2022Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-8600000 USD
CY2021Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
37100000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-57200000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60200000 USD
CY2022Q2 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2021Q2 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
3500000 USD
CY2022Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
41800000 USD
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2100000 USD
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2200000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-43900000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1300000 USD
CY2022Q2 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-13900000 USD
CY2021Q2 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-400000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57800000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
900000 USD
CY2022Q2 spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
0 USD
CY2021Q2 spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
54000000.0 USD
CY2022Q2 spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
3100000 USD
CY2021Q2 spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
81600000 USD
CY2022Q2 spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
0 USD
CY2021Q2 spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
54000000.0 USD
CY2022Q2 spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
0 USD
CY2021Q2 spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
48000000.0 USD
CY2022Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-200000 USD
CY2021Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
200000 USD
CY2022Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1300000 USD
CY2021Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6400000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3800000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-11000000.0 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-25200000 USD
CY2022Q2 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-400000 USD
CY2021Q2 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-400000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11400000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25600000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-100000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3100000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126500000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38600000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
396000000.0 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68300000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
269500000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
106900000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262800000 USD
CY2021Q2 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
600000 USD
CY2022Q2 spxc Cash And Cash Equivalents Included In Assets Of Abandoned Entities
CashAndCashEquivalentsIncludedInAssetsOfAbandonedEntities
6700000 USD
CY2021Q2 spxc Cash And Cash Equivalents Included In Assets Of Abandoned Entities
CashAndCashEquivalentsIncludedInAssetsOfAbandonedEntities
16200000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
269500000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
106900000 USD
CY2022Q2 spxc Number Of Large Power Projects
NumberOfLargePowerProjects
2 project
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
Preparing financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from these estimates. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2021. Interim results are not necessarily indicative of full year results.
CY2022Q2 us-gaap Fiscal Period
FiscalPeriod
We establish actual interim closing dates using a fiscal calendar, which requires our businesses to close their books on the Saturday closest to the end of the first calendar quarter, with the second and third quarters being 91 days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2022 are April 2, July 2, and October 1, compared to the respective April 3, July 3 and October 2, 2021 dates. We had one less day in the first quarter of 2022 and will have one more day in the fourth quarter of 2022 than in the respective 2021 periods. It is not practicable to estimate the impact of the one less day on our consolidated operating results for the three months ended April 2, 2022, when compared to the consolidated operating results for the 2021 respective period.
CY2022Q2 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification of Prior Year Amounts</span></div><div style="margin-bottom:10pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation, including amounts related to the inclusion of DBT and Transformer Solutions within discontinued operations and the resulting change in our segment reporting structure noted above.</span></div>
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307100000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307100000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
287200000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
287200000 USD
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
213900000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
215300000 USD
CY2022Q2 spxc Increase Decreasein Accounts Receivable Net
IncreaseDecreaseinAccountsReceivableNet
-1400000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
30300000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
28900000 USD
CY2022Q2 spxc Increase Decreasein Contractwith Customer Asset Net Current
IncreaseDecreaseinContractwithCustomerAssetNetCurrent
1400000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
43700000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44700000 USD
CY2022Q2 spxc Increase Decreasein Contractwith Customer Liability Current
IncreaseDecreaseinContractwithCustomerLiabilityCurrent
-1000000.0 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5800000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5800000 USD
CY2022Q2 spxc Increase Decreasein Contractwith Customer Liability Noncurrent
IncreaseDecreaseinContractwithCustomerLiabilityNoncurrent
0 USD
CY2022Q2 spxc Contractwith Customers Net
ContractwithCustomersNet
194700000 USD
CY2021Q4 spxc Contractwith Customers Net
ContractwithCustomersNet
193700000 USD
CY2022Q2 spxc Increase Decreasein Contractwith Customers Net
IncreaseDecreaseinContractwithCustomersNet
1000000.0 USD
CY2022Q2 spxc Increase Decreasein Contractwith Customers Net
IncreaseDecreaseinContractwithCustomersNet
1000000.0 USD
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
23600000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
96300000 USD
CY2022Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
15 country
CY2022Q2 spxc Number Of Countries In Which Entity Sells Its Products And Services
NumberOfCountriesInWhichEntitySellsItsProductsAndServices
100 country
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11400000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25000000.0 USD
CY2022Q2 spxc Special Charges
SpecialCharges
0 USD
CY2021Q2 spxc Special Charges
SpecialCharges
200000 USD
CY2021Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
300000 USD
CY2020Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
800000 USD
CY2022Q2 spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
0 USD
CY2021Q2 spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
200000 USD
CY2022Q2 spxc Restructuring And Integration Reserves Settled With Cash
RestructuringAndIntegrationReservesSettledWithCash
100000 USD
CY2021Q2 spxc Restructuring And Integration Reserves Settled With Cash
RestructuringAndIntegrationReservesSettledWithCash
400000 USD
CY2022Q2 spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
0 USD
CY2021Q2 spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
0 USD
CY2022Q2 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
200000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
58900000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
55100000 USD
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25100000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21100000 USD
CY2022Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
136700000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
113600000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
220700000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
189800000 USD
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
953800000 USD
CY2022Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
34500000 USD
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q2 spxc Gross Goodwill Related To Foreign Currency Translation And Other
GrossGoodwillRelatedToForeignCurrencyTranslationAndOther
-3300000 USD
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
985000000.0 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
496500000 USD
CY2022Q2 spxc Goodwill Accumulated Impairment During Period
GoodwillAccumulatedImpairmentDuringPeriod
0 USD
CY2022Q2 spxc Accumulated Impairments Related To Foreign Currency Translation And Other Adjustments
AccumulatedImpairmentsRelatedToForeignCurrencyTranslationAndOtherAdjustments
-2100000 USD
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
494400000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
457300000 USD
CY2022Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
34500000 USD
CY2022Q2 spxc Goodwill Impairment Net Of Accumulation
GoodwillImpairmentNetOfAccumulation
0 USD
CY2022Q2 spxc Goodwill Related To Foreign Currency Translation And Other
GoodwillRelatedToForeignCurrencyTranslationAndOther
-1200000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
490600000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
304200000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70400000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
233800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
304400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
243300000 USD
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
476300000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70400000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
405900000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
476600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61100000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
415500000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
34800000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35300000 USD
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2600000 USD
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2800000 USD
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3000000.0 USD
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3100000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
34400000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35000000.0 USD
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
11200000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
11100000 USD
CY2022Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
23200000 USD
CY2021Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
23900000 USD
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
246000000.0 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2022Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
3300000 USD
CY2022Q2 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
0 USD
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
242700000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2200000 USD
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
2000000.0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
13000000.0 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
13000000.0 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
230800000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
227700000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45554000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45132000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
891000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1187000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46445000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46319000 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
3500000 USD
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
500000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000.0 USD
CY2021Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
3900000 USD
CY2021Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1200000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2700000 USD
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
645600000 USD
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
658800000 USD
CY2022Q2 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
604500000 USD
CY2021Q4 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
616500000 USD
CY2022Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
7400000 USD
CY2021Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
8000000.0 USD
CY2022Q2 us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
7200000 USD
CY2021Q2 us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
3800000 USD
CY2021Q2 us-gaap Liability For Asbestos And Environmental Claims Gross Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsGrossIncurredLoss1
0 USD
CY2022Q2 us-gaap Liability For Asbestos And Environmental Claims Gross Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsGrossIncurredLoss1
0 USD
CY2022Q2 spxc Number Of Large Power Projects
NumberOfLargePowerProjects
2 project
CY2020Q3 spxc Number Of Disputes
NumberOfDisputes
9 dispute
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7100000 USD
CY2022Q2 spxc Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
6400000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2700000 USD
CY2022Q2 spxc Unrecognized Tax Benefits Interest On Income Taxes Accrued Net
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccruedNet
2300000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15600000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.167
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5300000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28300000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.187
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
700000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
900000 USD
CY2022Q2 spxc Deferred Tax Payments Liability Total Coronavirus Aid Relief And Economic Security Act
DeferredTaxPaymentsLiabilityTotalCoronavirusAidReliefAndEconomicSecurityAct
3500000 USD
CY2022Q2 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
4400000 USD
CY2021Q2 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
5200000 USD
CY2022Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
43200000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
38800000 USD

Files In Submission

Name View Source Status
0000088205-22-000021-index-headers.html Edgar Link pending
0000088205-22-000021-index.html Edgar Link pending
0000088205-22-000021.txt Edgar Link pending
0000088205-22-000021-xbrl.zip Edgar Link pending
exhibit311q12022.htm Edgar Link pending
exhibit312q12022.htm Edgar Link pending
exhibit321q12022.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
spxc-20220402.htm Edgar Link pending
spxc-20220402.xsd Edgar Link pending
spxc-20220402_cal.xml Edgar Link unprocessable
spxc-20220402_def.xml Edgar Link unprocessable
spxc-20220402_htm.xml Edgar Link completed
spxc-20220402_lab.xml Edgar Link unprocessable
spxc-20220402_pre.xml Edgar Link unprocessable