2024-05-02 21:11:07 ET
SPX Technologies, Inc. (SPXC)
Q1 2024 Earnings Conference Call
May 2, 2024 4:45 PM ET
Company Participants
Paul Clegg – Vice President-Investor Relations
Gene Lowe – President and Chief Executive Officer
Mark Carano – Chief Financial Officer
Conference Call Participants
Bryan Blair – Oppenheimer
Damian Karas – UBS
Ross Sparenblek – William Blair
Steve Ferazani – Sidoti
Walter Liptak – Seaport Research
Presentation
Operator
Good day and thank you for standing by. Welcome to the Q1 2024 SPX Technologies Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, over to your first speaker today, Paul Clegg, Vice President of Investor Relations. Please go ahead.
Paul Clegg
With me on the call today are Gene Lowe, our President and Chief Executive Officer, and Mark Carano, our Chief Financial Officer.
The press release containing our first quarter results was issued today after market close. You can also find the release and our earnings slide presentation, as well as a link to a live webcast of this call, in the Investor Relations section of our website at spx.com. I encourage you to review our disclosure and discussion of GAAP results in the press release and to follow along with the slide presentation during our prepared remarks. A replay of the webcast will be available on our website until May 9.
As a reminder, portions of our presentation and comments are forward-looking and subject to Safe Harbor provisions. Please also note the risk factors in our most recent SEC filings. Our comments today will largely focus on adjusted financial results and comparisons will be to the results of continuing operations only. You can find detailed reconciliations of historical adjusted figures from their respective GAAP measures in the appendix to today’s presentation. Our adjusted earnings per share exclude primarily acquisition-related costs, non-service pension items, mark-to-market changes, amortization expense and in Q1, the favorable tax effect of stock-based compensation awards that were exercised during the quarter....
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SPX Technologies, Inc. (SPXC) Q1 2024 Earnings Call Transcript