Company Quick10K Filing
SPX
Price40.80 EPS2
Shares45 P/E23
MCap1,843 P/FCF26
Net Debt274 EBIT106
TEV2,118 TEV/EBIT20
TTM 2019-09-28, in MM, except price, ratios
10-Q 2020-06-27 Filed 2020-07-31
10-Q 2020-03-28 Filed 2020-05-01
10-K 2019-12-31 Filed 2020-02-14
10-Q 2019-09-28 Filed 2019-10-31
10-Q 2019-06-29 Filed 2019-08-02
10-Q 2019-03-30 Filed 2019-05-06
10-K 2018-12-31 Filed 2019-02-15
10-Q 2018-09-29 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-07-01 Filed 2017-08-04
10-Q 2017-04-01 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-10-01 Filed 2016-11-04
10-Q 2016-07-02 Filed 2016-08-05
10-Q 2016-04-02 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-26 Filed 2015-11-05
10-Q 2015-06-27 Filed 2015-07-29
10-Q 2015-03-28 Filed 2015-04-29
10-K 2014-12-31 Filed 2015-02-23
10-Q 2014-09-27 Filed 2014-10-29
10-Q 2014-06-28 Filed 2014-07-30
10-Q 2014-03-29 Filed 2014-04-30
10-K 2013-12-31 Filed 2014-02-21
10-Q 2013-09-28 Filed 2013-10-30
10-Q 2013-06-29 Filed 2013-07-31
10-Q 2013-03-30 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-02-22
10-Q 2012-09-29 Filed 2012-10-31
10-Q 2012-06-30 Filed 2012-08-01
10-Q 2012-03-31 Filed 2012-05-02
10-K 2011-12-31 Filed 2012-02-24
10-Q 2011-10-01 Filed 2011-11-02
10-Q 2011-07-02 Filed 2011-08-03
10-Q 2011-04-02 Filed 2011-05-04
10-K 2010-12-31 Filed 2011-02-22
10-Q 2010-10-02 Filed 2010-11-03
10-Q 2010-07-03 Filed 2010-08-05
10-Q 2010-04-03 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-09-02 Other Events, Exhibits
8-K 2020-07-30 Earnings, Exhibits
8-K 2020-07-16 Officers, Regulation FD, Exhibits
8-K 2020-05-14
8-K 2020-04-30
8-K 2020-04-02
8-K 2020-02-24
8-K 2020-02-13
8-K 2019-12-17
8-K 2019-10-30
8-K 2019-08-27
8-K 2019-08-01
8-K 2019-05-09
8-K 2019-05-02
8-K 2019-03-05
8-K 2019-02-14
8-K 2019-02-14
8-K 2018-11-01
8-K 2018-08-02
8-K 2018-07-10
8-K 2018-06-13
8-K 2018-05-15
8-K 2018-05-03
8-K 2018-04-23
8-K 2018-02-20
8-K 2018-02-15

SPXC 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (In Millions)
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 exhibit311q22020.htm
EX-31.2 exhibit312q22020.htm
EX-32.1 exhibit321q22020.htm

SPX Earnings 2020-06-27

Balance SheetIncome StatementCash Flow
10.08.06.04.02.00.02012201420172020
Assets, Equity
1.51.20.80.50.1-0.22012201420172020
Rev, G Profit, Net Income
1.20.80.40.0-0.4-0.82012201420172020
Ops, Inv, Fin

spxc-20200627
0000088205false12/312020Q2us-gaap:AccountingStandardsUpdate201613Memberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:AccountingStandardsUpdate201613MemberP10YP3YP3YP3Y00000882052020-01-012020-06-270000088205dei:FormerAddressMember2020-01-012020-06-27xbrli:shares00000882052020-07-24iso4217:USD00000882052020-03-292020-06-2700000882052019-03-312019-06-2900000882052019-01-012019-06-29iso4217:USDxbrli:shares00000882052020-06-2700000882052019-12-310000088205us-gaap:CommonStockMember2020-03-280000088205us-gaap:AdditionalPaidInCapitalMember2020-03-280000088205us-gaap:RetainedEarningsMember2020-03-280000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-280000088205us-gaap:TreasuryStockMember2020-03-2800000882052020-03-280000088205us-gaap:RetainedEarningsMember2020-03-292020-06-270000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-292020-06-270000088205us-gaap:AdditionalPaidInCapitalMember2020-03-292020-06-270000088205us-gaap:TreasuryStockMember2020-03-292020-06-270000088205us-gaap:CommonStockMember2020-06-270000088205us-gaap:AdditionalPaidInCapitalMember2020-06-270000088205us-gaap:RetainedEarningsMember2020-06-270000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-270000088205us-gaap:TreasuryStockMember2020-06-270000088205us-gaap:CommonStockMember2019-12-310000088205us-gaap:AdditionalPaidInCapitalMember2019-12-310000088205us-gaap:RetainedEarningsMember2019-12-310000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000088205us-gaap:TreasuryStockMember2019-12-310000088205srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310000088205srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310000088205us-gaap:RetainedEarningsMember2020-01-012020-06-270000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-270000088205us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-270000088205us-gaap:TreasuryStockMember2020-01-012020-06-270000088205us-gaap:CommonStockMember2019-03-300000088205us-gaap:AdditionalPaidInCapitalMember2019-03-300000088205us-gaap:RetainedEarningsMember2019-03-300000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-300000088205us-gaap:TreasuryStockMember2019-03-3000000882052019-03-300000088205us-gaap:RetainedEarningsMember2019-03-312019-06-290000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-312019-06-290000088205us-gaap:AdditionalPaidInCapitalMember2019-03-312019-06-290000088205us-gaap:TreasuryStockMember2019-03-312019-06-290000088205us-gaap:CommonStockMember2019-06-290000088205us-gaap:AdditionalPaidInCapitalMember2019-06-290000088205us-gaap:RetainedEarningsMember2019-06-290000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-290000088205us-gaap:TreasuryStockMember2019-06-2900000882052019-06-290000088205us-gaap:CommonStockMember2018-12-310000088205us-gaap:AdditionalPaidInCapitalMember2018-12-310000088205us-gaap:RetainedEarningsMember2018-12-310000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000088205us-gaap:TreasuryStockMember2018-12-3100000882052018-12-310000088205us-gaap:RetainedEarningsMember2019-01-012019-06-290000088205us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-290000088205us-gaap:AdditionalPaidInCapitalMember2019-01-012019-06-290000088205us-gaap:TreasuryStockMember2019-01-012019-06-290000088205spxc:SabikMarineMember2019-02-012019-02-010000088205spxc:SGSRefrigerationInc.Member2019-07-032019-07-030000088205spxc:SGSRefrigerationInc.Member2019-07-030000088205spxc:PattersonKelleyLLCMember2019-11-122019-11-120000088205us-gaap:AccountingStandardsUpdate201613Member2020-01-010000088205spxc:CoolingEquipmentAndServicesMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:CoolingEquipmentAndServicesMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:CoolingEquipmentAndServicesMember2020-03-292020-06-270000088205spxc:CoolingEquipmentAndServicesMemberus-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:CoolingEquipmentAndServicesMember2020-03-292020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:BoilerComfortHeatingAndVentilationMember2020-03-292020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberus-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMember2020-03-292020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:EngineeredSolutionsReportableSegmentMember2020-03-292020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberus-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMember2020-03-292020-06-270000088205spxc:HVACReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-03-292020-06-270000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-03-292020-06-270000088205us-gaap:AllOtherSegmentsMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-03-292020-06-270000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-03-292020-06-270000088205spxc:PowerTransformersMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:PowerTransformersMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:PowerTransformersMember2020-03-292020-06-270000088205us-gaap:AllOtherSegmentsMemberspxc:PowerTransformersMember2020-03-292020-06-270000088205spxc:PowerTransformersMember2020-03-292020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2020-03-292020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberus-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2020-03-292020-06-270000088205spxc:SouthAfricanProjectsMemberspxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:SouthAfricanProjectsMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SouthAfricanProjectsMember2020-03-292020-06-270000088205spxc:SouthAfricanProjectsMemberus-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:SouthAfricanProjectsMember2020-03-292020-06-270000088205spxc:HVACReportableSegmentMember2020-03-292020-06-270000088205spxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMember2020-03-292020-06-270000088205us-gaap:AllOtherSegmentsMember2020-03-292020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-03-292020-06-270000088205us-gaap:TransferredAtPointInTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-03-292020-06-270000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredAtPointInTimeMember2020-03-292020-06-270000088205us-gaap:TransferredAtPointInTimeMember2020-03-292020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredOverTimeMember2020-03-292020-06-270000088205us-gaap:TransferredOverTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredOverTimeMember2020-03-292020-06-270000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredOverTimeMember2020-03-292020-06-270000088205us-gaap:TransferredOverTimeMember2020-03-292020-06-270000088205spxc:CoolingEquipmentAndServicesMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:CoolingEquipmentAndServicesMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:CoolingEquipmentAndServicesMember2020-01-012020-06-270000088205spxc:CoolingEquipmentAndServicesMemberus-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:CoolingEquipmentAndServicesMember2020-01-012020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:BoilerComfortHeatingAndVentilationMember2020-01-012020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMemberus-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:BoilerComfortHeatingAndVentilationMember2020-01-012020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:EngineeredSolutionsReportableSegmentMember2020-01-012020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberus-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMember2020-01-012020-06-270000088205spxc:HVACReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-01-012020-06-270000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-01-012020-06-270000088205us-gaap:AllOtherSegmentsMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-01-012020-06-270000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2020-01-012020-06-270000088205spxc:PowerTransformersMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:PowerTransformersMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:PowerTransformersMember2020-01-012020-06-270000088205us-gaap:AllOtherSegmentsMemberspxc:PowerTransformersMember2020-01-012020-06-270000088205spxc:PowerTransformersMember2020-01-012020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2020-01-012020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberus-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2020-01-012020-06-270000088205spxc:SouthAfricanProjectsMemberspxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:SouthAfricanProjectsMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SouthAfricanProjectsMember2020-01-012020-06-270000088205spxc:SouthAfricanProjectsMemberus-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:SouthAfricanProjectsMember2020-01-012020-06-270000088205spxc:HVACReportableSegmentMember2020-01-012020-06-270000088205spxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMember2020-01-012020-06-270000088205us-gaap:AllOtherSegmentsMember2020-01-012020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-06-270000088205us-gaap:TransferredAtPointInTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-06-270000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-06-270000088205us-gaap:TransferredAtPointInTimeMember2020-01-012020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredOverTimeMember2020-01-012020-06-270000088205us-gaap:TransferredOverTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredOverTimeMember2020-01-012020-06-270000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredOverTimeMember2020-01-012020-06-270000088205us-gaap:TransferredOverTimeMember2020-01-012020-06-270000088205spxc:CoolingEquipmentAndServicesMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:CoolingEquipmentAndServicesMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:CoolingEquipmentAndServicesMember2019-03-312019-06-290000088205spxc:CoolingEquipmentAndServicesMemberus-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:CoolingEquipmentAndServicesMember2019-03-312019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:BoilerComfortHeatingAndVentilationMember2019-03-312019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberus-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMember2019-03-312019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:EngineeredSolutionsReportableSegmentMember2019-03-312019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberus-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMember2019-03-312019-06-290000088205spxc:HVACReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-03-312019-06-290000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-03-312019-06-290000088205us-gaap:AllOtherSegmentsMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-03-312019-06-290000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-03-312019-06-290000088205spxc:PowerTransformersMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:PowerTransformersMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:PowerTransformersMember2019-03-312019-06-290000088205us-gaap:AllOtherSegmentsMemberspxc:PowerTransformersMember2019-03-312019-06-290000088205spxc:PowerTransformersMember2019-03-312019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2019-03-312019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberus-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2019-03-312019-06-290000088205spxc:SouthAfricanProjectsMemberspxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:SouthAfricanProjectsMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SouthAfricanProjectsMember2019-03-312019-06-290000088205spxc:SouthAfricanProjectsMemberus-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:SouthAfricanProjectsMember2019-03-312019-06-290000088205spxc:HVACReportableSegmentMember2019-03-312019-06-290000088205spxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMember2019-03-312019-06-290000088205us-gaap:AllOtherSegmentsMember2019-03-312019-06-290000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2019-03-312019-06-290000088205us-gaap:TransferredAtPointInTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2019-03-312019-06-290000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredAtPointInTimeMember2019-03-312019-06-290000088205us-gaap:TransferredAtPointInTimeMember2019-03-312019-06-290000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredOverTimeMember2019-03-312019-06-290000088205us-gaap:TransferredOverTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredOverTimeMember2019-03-312019-06-290000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredOverTimeMember2019-03-312019-06-290000088205us-gaap:TransferredOverTimeMember2019-03-312019-06-290000088205spxc:CoolingEquipmentAndServicesMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:CoolingEquipmentAndServicesMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:CoolingEquipmentAndServicesMember2019-01-012019-06-290000088205spxc:CoolingEquipmentAndServicesMemberus-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:CoolingEquipmentAndServicesMember2019-01-012019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:BoilerComfortHeatingAndVentilationMember2019-01-012019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMemberus-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:BoilerComfortHeatingAndVentilationMember2019-01-012019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberspxc:EngineeredSolutionsReportableSegmentMember2019-01-012019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMemberus-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:UndergroundLocatorsAndInspectionAndRehabilitationEquipmentMember2019-01-012019-06-290000088205spxc:HVACReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-01-012019-06-290000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-01-012019-06-290000088205us-gaap:AllOtherSegmentsMemberspxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-01-012019-06-290000088205spxc:SignalMonitoringObstructionLightingAndBusFareCollectionSystemsMember2019-01-012019-06-290000088205spxc:PowerTransformersMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:PowerTransformersMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:PowerTransformersMember2019-01-012019-06-290000088205us-gaap:AllOtherSegmentsMemberspxc:PowerTransformersMember2019-01-012019-06-290000088205spxc:PowerTransformersMember2019-01-012019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2019-01-012019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMemberus-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:ProcessCoolingEquipmentAndServicesAndHeatExchangersMember2019-01-012019-06-290000088205spxc:SouthAfricanProjectsMemberspxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:SouthAfricanProjectsMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberspxc:SouthAfricanProjectsMember2019-01-012019-06-290000088205spxc:SouthAfricanProjectsMemberus-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:SouthAfricanProjectsMember2019-01-012019-06-290000088205spxc:HVACReportableSegmentMember2019-01-012019-06-290000088205spxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMember2019-01-012019-06-290000088205us-gaap:AllOtherSegmentsMember2019-01-012019-06-290000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-06-290000088205us-gaap:TransferredAtPointInTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-06-290000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-06-290000088205us-gaap:TransferredAtPointInTimeMember2019-01-012019-06-290000088205spxc:HVACReportableSegmentMemberus-gaap:TransferredOverTimeMember2019-01-012019-06-290000088205us-gaap:TransferredOverTimeMemberspxc:DetectionandMeasurementReportableSegmentMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:TransferredOverTimeMember2019-01-012019-06-290000088205us-gaap:AllOtherSegmentsMemberus-gaap:TransferredOverTimeMember2019-01-012019-06-290000088205us-gaap:TransferredOverTimeMember2019-01-012019-06-290000088205us-gaap:ContractsAccountedForUnderPercentageOfCompletionMemberspxc:LargePowerProjectsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMembercountry:ZA2019-03-312019-06-290000088205us-gaap:ContractsAccountedForUnderPercentageOfCompletionMemberspxc:LargePowerProjectsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMembercountry:ZA2019-01-012019-06-29xbrli:pure00000882052020-06-282020-06-2700000882052021-06-282020-06-270000088205us-gaap:ContractsAccountedForUnderPercentageOfCompletionMemberspxc:LargePowerProjectsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMembercountry:ZA2019-01-012019-03-300000088205spxc:AlstomSEAfricaPTYLTDMemberus-gaap:ContractsAccountedForUnderPercentageOfCompletionMemberspxc:LargePowerProjectsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMembercountry:ZA2019-03-312019-06-290000088205us-gaap:ContractsAccountedForUnderPercentageOfCompletionMemberspxc:LargePowerProjectsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMembercountry:ZA2020-01-012020-06-2700000882052022-06-282020-06-2700000882052020-06-01spxc:country0000088205srt:MinimumMember2020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-03-292020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-03-312019-06-290000088205spxc:HVACReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-01-012020-06-270000088205spxc:HVACReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-01-012019-06-290000088205spxc:DetectionandMeasurementReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-03-292020-06-270000088205spxc:DetectionandMeasurementReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-03-312019-06-290000088205spxc:DetectionandMeasurementReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-01-012020-06-270000088205spxc:DetectionandMeasurementReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-01-012019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-03-292020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-03-312019-06-290000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:OperatingSegmentsMember2020-01-012020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMemberus-gaap:OperatingSegmentsMember2019-01-012019-06-290000088205us-gaap:OperatingSegmentsMember2020-03-292020-06-270000088205us-gaap:OperatingSegmentsMember2019-03-312019-06-290000088205us-gaap:OperatingSegmentsMember2020-01-012020-06-270000088205us-gaap:OperatingSegmentsMember2019-01-012019-06-290000088205us-gaap:CorporateNonSegmentMember2020-03-292020-06-270000088205us-gaap:CorporateNonSegmentMember2019-03-312019-06-290000088205us-gaap:CorporateNonSegmentMember2020-01-012020-06-270000088205us-gaap:CorporateNonSegmentMember2019-01-012019-06-290000088205us-gaap:MaterialReconcilingItemsMember2020-03-292020-06-270000088205us-gaap:MaterialReconcilingItemsMember2019-03-312019-06-290000088205us-gaap:MaterialReconcilingItemsMember2020-01-012020-06-270000088205us-gaap:MaterialReconcilingItemsMember2019-01-012019-06-290000088205spxc:HVACReportableSegmentMember2019-12-310000088205spxc:HVACReportableSegmentMember2020-06-270000088205spxc:DetectionandMeasurementReportableSegmentMember2019-12-310000088205spxc:DetectionandMeasurementReportableSegmentMember2020-06-270000088205spxc:EngineeredSolutionsReportableSegmentMember2019-12-310000088205spxc:EngineeredSolutionsReportableSegmentMember2020-06-270000088205us-gaap:AllOtherSegmentsMember2019-12-310000088205us-gaap:AllOtherSegmentsMember2020-06-270000088205spxc:PattersonKelleyLLCMember2020-01-012020-06-270000088205spxc:SGSRefrigerationInc.Member2020-01-012020-06-270000088205us-gaap:CustomerRelationshipsMember2020-06-270000088205us-gaap:CustomerRelationshipsMember2019-12-310000088205us-gaap:DevelopedTechnologyRightsMember2020-06-270000088205us-gaap:DevelopedTechnologyRightsMember2019-12-310000088205us-gaap:PatentsMember2020-06-270000088205us-gaap:PatentsMember2019-12-310000088205us-gaap:OtherIntangibleAssetsMember2020-06-270000088205us-gaap:OtherIntangibleAssetsMember2019-12-310000088205us-gaap:TrademarksMember2020-06-270000088205us-gaap:TrademarksMember2019-12-310000088205us-gaap:TrademarksMemberspxc:HVACReportableSegmentMember2020-06-270000088205us-gaap:TrademarksMemberspxc:DetectionandMeasurementReportableSegmentMember2020-06-270000088205us-gaap:TrademarksMemberspxc:EngineeredSolutionsReportableSegmentMember2020-06-270000088205spxc:CuesInc.Member2019-12-310000088205spxc:CuesInc.Member2020-06-270000088205country:US2020-01-012020-06-270000088205country:US2020-03-292020-06-270000088205country:US2019-03-312019-06-290000088205country:US2019-01-012019-06-290000088205us-gaap:ForeignPlanMember2020-01-012020-06-270000088205us-gaap:ForeignPlanMember2020-03-292020-06-270000088205us-gaap:ForeignPlanMember2019-03-312019-06-290000088205us-gaap:ForeignPlanMember2019-01-012019-06-290000088205us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-06-270000088205us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-03-292020-06-270000088205us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-03-312019-06-290000088205us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-06-290000088205us-gaap:RevolvingCreditFacilityMemberspxc:CurrentRevolvingSPXFacilitiesMember2019-12-310000088205us-gaap:RevolvingCreditFacilityMemberspxc:CurrentRevolvingSPXFacilitiesMember2020-01-012020-06-270000088205us-gaap:RevolvingCreditFacilityMemberspxc:CurrentRevolvingSPXFacilitiesMember2020-06-270000088205spxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:LoansPayableMember2019-12-310000088205spxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:LoansPayableMember2020-01-012020-06-270000088205spxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:LoansPayableMember2020-06-270000088205us-gaap:AssetBackedSecuritiesMember2019-12-310000088205us-gaap:AssetBackedSecuritiesMember2020-01-012020-06-270000088205us-gaap:AssetBackedSecuritiesMember2020-06-270000088205spxc:OtherBorrowingsMember2019-12-310000088205spxc:OtherBorrowingsMember2020-01-012020-06-270000088205spxc:OtherBorrowingsMember2020-06-270000088205us-gaap:RevolvingCreditFacilityMemberspxc:CurrentRevolvingSPXFacilitiesMember2020-03-012020-03-280000088205us-gaap:DebtInstrumentRedemptionPeriodOneMemberspxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:LoansPayableMember2020-01-012020-06-270000088205us-gaap:DebtInstrumentRedemptionPeriodTwoMemberspxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:LoansPayableMember2020-01-012020-06-270000088205spxc:CurrentSPXTermLoanFacilitiesMemberus-gaap:DebtInstrumentRedemptionPeriodThreeMemberus-gaap:LoansPayableMember2020-01-012020-06-270000088205us-gaap:DomesticLineOfCreditMember2020-06-270000088205us-gaap:ForeignLineOfCreditMember2020-06-270000088205us-gaap:LineOfCreditMember2020-06-270000088205spxc:InterestRateSwapThroughMarch2021Memberus-gaap:DesignatedAsHedgingInstrumentMember2018-03-310000088205spxc:InterestRateSwapThroughMarch2021Memberus-gaap:DesignatedAsHedgingInstrumentMember2020-06-270000088205spxc:InterestRateSwapThroughNovember2024Memberus-gaap:DesignatedAsHedgingInstrumentMember2020-06-270000088205us-gaap:InterestRateSwapMember2020-06-270000088205us-gaap:InterestRateSwapMember2019-12-310000088205us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2020-06-270000088205spxc:ShortTermLiabilityMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2020-06-270000088205spxc:LongTermLiabilityMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2019-12-310000088205us-gaap:ForeignExchangeForwardMember2020-06-270000088205us-gaap:ForeignExchangeForwardMember2019-12-31utr:lb0000088205us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-06-270000088205us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-12-310000088205us-gaap:CommodityContractMember2020-06-270000088205us-gaap:CommodityContractMember2019-12-310000088205spxc:RestrictedStockAndRestrictedStockUnitsMember2020-03-292020-06-270000088205us-gaap:EmployeeStockOptionMember2020-03-292020-06-270000088205spxc:RestrictedStockAndRestrictedStockUnitsMember2020-01-012020-06-270000088205us-gaap:EmployeeStockOptionMember2020-01-012020-06-270000088205spxc:RestrictedStockAndRestrictedStockUnitsMember2019-03-312019-06-290000088205us-gaap:EmployeeStockOptionMember2019-03-312019-06-290000088205spxc:RestrictedStockAndRestrictedStockUnitsMember2019-01-012019-06-290000088205us-gaap:EmployeeStockOptionMember2019-01-012019-06-290000088205us-gaap:PerformanceSharesMember2020-01-012020-06-270000088205spxc:NonEmployeeDirectorMemberus-gaap:RestrictedStockUnitsRSUMember2020-05-142020-05-140000088205spxc:PerformanceStockUnitsStockOptionsAndRestrictedStockUnitsMember2019-03-312019-06-290000088205spxc:PerformanceStockUnitsStockOptionsAndRestrictedStockUnitsMember2020-03-292020-06-270000088205spxc:PerformanceStockUnitsStockOptionsAndRestrictedStockUnitsMember2019-01-012019-06-290000088205spxc:PerformanceStockUnitsStockOptionsAndRestrictedStockUnitsMember2020-01-012020-06-270000088205us-gaap:AccumulatedTranslationAdjustmentMember2020-03-280000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-03-280000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-280000088205us-gaap:AccumulatedTranslationAdjustmentMember2020-03-292020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-03-292020-06-270000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-292020-06-270000088205us-gaap:AccumulatedTranslationAdjustmentMember2020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-06-270000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-270000088205us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310000088205us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-06-270000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-06-270000088205us-gaap:AccumulatedTranslationAdjustmentMember2019-03-300000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-03-300000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-03-300000088205us-gaap:AccumulatedTranslationAdjustmentMember2019-03-312019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-03-312019-06-290000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-03-312019-06-290000088205us-gaap:AccumulatedTranslationAdjustmentMember2019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-06-290000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-290000088205us-gaap:AccumulatedTranslationAdjustmentMember2018-12-310000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-12-310000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310000088205us-gaap:AccumulatedTranslationAdjustmentMember2019-01-012019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-06-290000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-012019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:CommodityContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-03-292020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:CommodityContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-03-312019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMember2020-03-292020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMember2019-03-312019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-03-292020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-03-312019-06-290000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-03-292020-06-270000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-03-312019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:CommodityContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:CommodityContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMember2020-01-012020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestRateSwapMember2019-01-012019-06-290000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-270000088205us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-290000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-270000088205us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-290000088205spxc:OtherLongTermLiabilitiesMember2020-06-270000088205spxc:OtherLongTermLiabilitiesMember2019-12-31spxc:corporate_entity0000088205srt:MinimumMemberus-gaap:AsbestosIssueMember2020-01-012020-06-270000088205us-gaap:AsbestosIssueMember2020-06-270000088205us-gaap:AsbestosIssueMember2019-12-310000088205us-gaap:OtherAssetsMemberus-gaap:AsbestosIssueMember2020-06-270000088205us-gaap:OtherAssetsMemberus-gaap:AsbestosIssueMember2019-12-31spxc:projectiso4217:ZAR0000088205spxc:LargePowerProjectsMembercountry:ZA2020-06-270000088205spxc:LargePowerProjectsMembercountry:ZA2019-02-260000088205spxc:LargePowerProjectsMemberspxc:MHPSAAprilAndJuly2019ClaimsMembercountry:ZA2019-07-310000088205spxc:LargePowerProjectsMemberspxc:MHPSAAdditionalClaimsMembercountry:ZA2020-06-270000088205spxc:LargePowerProjectsMemberspxc:DemandBondsMembercountry:ZA2020-06-270000088205spxc:DemandBondsStringentPaymentRequirementsMemberspxc:LargePowerProjectsMembercountry:ZA2020-06-27spxc:dispute0000088205spxc:LargePowerProjectsMembercountry:ZAus-gaap:SubsequentEventMember2020-07-230000088205spxc:LargePowerProjectsMemberspxc:DemandBondsMembercountry:ZAus-gaap:SubsequentEventMember2020-07-230000088205spxc:BondsUponCompletionOfCertainAdministrativeMilestonesMemberspxc:LargePowerProjectsMemberspxc:DemandBondsMembercountry:ZAus-gaap:SubsequentEventMember2020-07-230000088205spxc:LargePowerProjectsMemberspxc:MHPSAMemberspxc:DemandBondsMembercountry:ZAus-gaap:SubsequentEventMember2020-07-232020-07-23spxc:site0000088205us-gaap:EnvironmentalIssueMember2020-06-270000088205us-gaap:EnvironmentalIssueMember2019-12-310000088205srt:MaximumMember2020-06-27iso4217:EUR0000088205spxc:BalckeDurrBusinessMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2016-12-300000088205spxc:BalckeDurrBusinessMemberspxc:BankandSuretyBondsMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2016-12-300000088205spxc:BalckeDurrBusinessMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205spxc:BalckeDurrBusinessMemberspxc:BankandSuretyBondsMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205spxc:BalckeDurrBusinessMemberspxc:BalckeDurrGmbHMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2016-12-300000088205spxc:MutaresAGMemberus-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2016-12-300000088205spxc:BalckeDurrBusinessMemberspxc:BalckeDurrGmbHMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205spxc:MutaresAGMemberus-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberspxc:SubsidiaryofmutaresAGtheBuyerMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-12-310000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-12-310000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2018-12-310000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2018-12-310000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-01-012020-06-270000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-01-012020-06-270000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-01-012019-06-290000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-01-012019-06-290000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2020-06-270000088205spxc:BalckeDurrBusinessMemberspxc:GuaranteesandBondsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-06-290000088205us-gaap:IndemnificationGuaranteeMemberspxc:BalckeDurrBusinessMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMember2019-06-2900000882052019-01-012019-03-30


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 27, 2020
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to            
 
Commission File Number 1-6948

SPX CORPORATION
(Exact Name of registrant as specified in its charter)
Delaware 38-1016240
(State or other jurisdiction of incorporation or
organization)
 (I.R.S. Employer Identification No.)
 
6325 Ardrey Kell Road, Suite 400, Charlotte, North Carolina 28277
(Address of principal executive offices) (Zip Code)

(980474-3700
(Registrant’s telephone number, including area code)

13320-A Ballantyne Corporate Place, Charlotte, North Carolina 28277
(Former name, former address, and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbols(s)Name of each exchange on which registered
Common Stock, par value $0.01SPXCNew York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes  No
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer Accelerated filer
Non-accelerated filer  Smaller reporting company
 Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes  No. 
Common shares outstanding July 24, 2020, 44,690,258




SPX CORPORATION AND SUBSIDIARIES
FORM 10-Q INDEX






PART I—FINANCIAL INFORMATION
 
ITEM 1. Financial Statements
 
SPX CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited; in millions, except per share amounts)
 Three months endedSix months ended
June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Revenues$373.2  $372.4  $742.5  $716.0  
Costs and expenses:   
Cost of products sold259.2  264.2  514.4  524.6  
Selling, general and administrative75.8  78.2  154.7  154.9  
Intangible amortization2.4  2.4  5.0  4.0  
Special charges, net1.4  1.3  1.7  1.4  
Other operating (income) expense    (0.4) 1.8  
Operating income 34.4  26.3  67.1  29.3  
Other income, net5.8  1.9  6.5  9.1  
Interest expense(4.8) (5.3) (9.5) (10.6) 
Interest income0.1  0.6  0.1  0.9  
Income from continuing operations before income taxes35.5  23.5  64.2  28.7  
Income tax provision(7.1) (4.1) (13.1) (8.7) 
Income from continuing operations28.4  19.4  51.1  20.0  
Income (loss) from discontinued operations, net of tax        
Loss on disposition of discontinued operations, net of tax(1.3) (0.2) (1.3) (1.6) 
Loss from discontinued operations, net of tax(1.3) (0.2) (1.3) (1.6) 
Net income$27.1  $19.2  $49.8  $18.4  
Basic income per share of common stock:   
Income from continuing operations$0.64  $0.44  $1.15  $0.46  
Loss from discontinued operations(0.03)   (0.03) (0.04) 
Net income per share$0.61  $0.44  $1.12  $0.42  
Weighted-average number of common shares outstanding — basic44.590  43.914  44.452  43.767  
Diluted income per share of common stock:   
Income from continuing operations $0.62  $0.43  $1.12  $0.45  
Loss from discontinued operations(0.03)   (0.03) (0.04) 
Net income per share$0.59  $0.43  $1.09  $0.41  
Weighted-average number of common shares outstanding — diluted45.648  44.892  45.620  44.750  
Comprehensive income $31.0  $15.3  $40.8  $16.2  

The accompanying notes are an integral part of these statements.
3


SPX CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited; in millions, except share data)
June 27,
2020
December 31,
2019
ASSETS  
Current assets:  
Cash and equivalents$190.2  $54.7  
Accounts receivable, net239.5  265.9  
Contract assets65.5  63.4  
Inventories, net181.6  154.9  
Other current assets (includes income taxes receivable of $24.9 and $23.0 at June 27, 2020 and December 31, 2019, respectively)
92.2  93.2  
Total current assets769.0  632.1  
Property, plant and equipment:  
Land19.2  18.7  
Buildings and leasehold improvements120.6  121.9  
Machinery and equipment349.6  342.6  
489.4  483.2  
Accumulated depreciation(311.3) (304.1) 
Property, plant and equipment, net178.1  179.1  
Goodwill451.0  449.3  
Intangibles, net246.5  251.7  
Other assets603.6  605.9  
Deferred income taxes8.2  16.4  
TOTAL ASSETS$2,256.4  $2,134.5  
LIABILITIES AND EQUITY 
Current liabilities: 
Accounts payable$137.9  $141.6  
Contract liabilities91.1  100.8  
Accrued expenses201.4  220.4  
Income taxes payable2.7  2.2  
Short-term debt266.8  142.6  
Current maturities of long-term debt4.1  1.0  
Total current liabilities704.0  608.6  
Long-term debt247.0  249.9  
Deferred and other income taxes26.3  26.3  
Other long-term liabilities727.0  747.3  
Total long-term liabilities1,000.3  1,023.5  
Commitments and contingent liabilities (Note 15)
Equity: 
Common stock (52,326,394 and 44,652,648 issued and outstanding at June 27, 2020, respectively, and 52,017,204 and 44,202,503 issued and outstanding at December 31, 2019, respectively)
0.5  0.5  
Paid-in capital1,303.4  1,302.4  
Retained deficit(535.5) (584.8) 
Accumulated other comprehensive income235.3  244.3  
Common stock in treasury (7,673,746 and 7,814,701 shares at June 27, 2020 and December 31, 2019, respectively)
(451.6) (460.0) 
Total equity552.1  502.4  
TOTAL LIABILITIES AND EQUITY$2,256.4  $2,134.5  
 
The accompanying notes are an integral part of these statements.
4


SPX CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(Unaudited; in millions)

Three months ended June 27, 2020
Common
Stock
Paid-In
Capital
Retained
Deficit
Accum. Other
Comprehensive
Income
Common
Stock In
Treasury
SPX
Corporation
Shareholders’
Equity
Balance at March 28, 2020$0.5  $1,298.5  $(562.6) $231.4  $(452.7) $515.1  
Net income—  —  27.1  —  —  27.1  
Other comprehensive income, net
—  —  —  3.9  —  3.9  
Incentive plan activity
—  2.9  —  —  —  2.9  
Long-term incentive compensation expense
—  3.1  —  —  —  3.1  
Restricted stock and restricted stock unit vesting
—  (1.1) —  —  1.1    
Balance at June 27, 2020$0.5  $1,303.4  $(535.5) $235.3  $(451.6) $552.1  


Six months ended June 27, 2020
Common
Stock
Paid-In
Capital
Retained
Deficit
Accum. Other
Comprehensive
Income
Common
Stock In
Treasury
SPX
Corporation
Shareholders’
Equity
Balance at December 31, 2019$0.5  $1,302.4  $(584.8) $244.3  $(460.0) $502.4  
Impact of adoption of ASU 2016-13 - See Note 2—  —  (0.5) —  —  (0.5) 
Net income—  —  49.8  —  —  49.8  
Other comprehensive loss, net
—  —  —  (9.0) —  (9.0) 
Incentive plan activity
—  7.6  —  —  —  7.6  
Long-term incentive compensation expense
—  6.1  —  —  —  6.1  
Restricted stock and restricted stock unit vesting
—  (12.7) —  —  8.4  (4.3) 
Balance at June 27, 2020$0.5  $1,303.4  $(535.5) $235.3  $(451.6) $552.1  


Three months ended June 29, 2019
Common StockPaid-In CapitalRetained DeficitAccum. Other Comprehensive IncomeCommon Stock In TreasurySPX Corporation Shareholders’ Equity
Balance at March 30, 2019$0.5  $1,279.9  $(650.9) $246.6  $(460.8) $415.3  
Net income—  —  19.2  —  —  19.2  
Other comprehensive loss, net—  —  —  (3.9) —  (3.9) 
Incentive plan activity—  3.5  —  —  —  3.5  
Long-term incentive compensation expense—  2.7  —  —  —  2.7  
Restricted stock and restricted stock unit vesting—  (0.8) —  —  0.7  (0.1) 
Balance at June 29, 2019$0.5  $1,285.3  $(631.7) $242.7  $(460.1) $436.7  


Six months ended June 29, 2019
Common StockPaid-In CapitalRetained DeficitAccum. Other Comprehensive IncomeCommon Stock In TreasurySPX Corporation Shareholders’ Equity
Balance at December 31, 2018$0.5  $1,295.4  $(650.1) $244.9  $(475.8) 414.9  
Net income—  —  18.4  —  —  18.4  
Other comprehensive loss, net—  —  —  (2.2) —  (2.2) 
Incentive plan activity—  6.9  —  —  —  6.9  
Long-term incentive compensation expense—  5.3  —  —  —  5.3  
Restricted stock and restricted stock unit vesting—  (22.3) —  —  15.7  (6.6) 
Balance at June 29, 2019$0.5  $1,285.3  $(631.7) $242.7  $(460.1) $436.7  

The accompanying notes are an integral part of these statements.
5


SPX CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in millions)
 Six months ended
June 27,
2020
June 29,
2019
Cash flows from (used in) operating activities:  
Net income$49.8  $18.4  
Less: Loss from discontinued operations, net of tax(1.3) (1.6) 
Income from continuing operations51.1  20.0  
Adjustments to reconcile income from continuing operations to net cash from operating activities: 
Special charges, net1.7  1.4  
Gain on change in fair value of equity security(5.3) (7.9) 
Deferred and other income taxes11.0  4.4  
Depreciation and amortization18.5  16.6  
Pension and other employee benefits3.6  5.1  
Long-term incentive compensation6.8  6.8  
Other, net2.4  0.6  
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable and other assets48.8  71.0  
Inventories(28.1) (18.0) 
Accounts payable, accrued expenses and other(78.9) (69.8) 
Cash spending on restructuring actions(1.8) (2.2) 
Net cash from continuing operations29.8  28.0  
Net cash used in discontinued operations(3.5) (