- SPX Flow posted a very strong first quarter, but expectations were high going into the quarter and the market reaction was muted.
- Management has laid out a solid strategic plan for improving results by refocusing on the highest potential markets, products, and customers across its business.
- M&A is going to be a significant part of the plan, with management looking to add $200M to $300M in revenue by 2023 while also increasing capital returns to shareholders.
- SPX Flow shares could generate an annualized long-term return in the high-single-digits without hitting all of management's current self-improvement targets.
For further details see:
SPX Flow Continues To Build A More Positive Case For Itself