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Market Overview

SPX FLOW: Q3 Earnings Insights

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Shares of SPX FLOW (NYSE:FLOW) fell 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 18.64% over the past year to $0.48, which beat the estimate of $0.31.

Revenue of $356,900,000 declined by 6.94% year over year, which beat the estimate of $333,270,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

SPX FLOW hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 28, 2020

Time: 08:30 AM

ET Webcast URL: https://www.spxflow.com/

Price Action

Company's 52-week high was at $49.94

Company's 52-week low was at $15.74

Price action over last quarter: Up 7.95%

Company Description

SPX Flow offers engineering solutions in two segments: food/beverage and industrial. The food and beverage segment provides technology for dairy consumption, expansion to emerging markets, productivity improvements, and food safety. The industrial segment services the chemical, mining, air, and water treatment industries. Both segments sell products such as pumps, blenders, separators, air dryers, heat exchangers, and hydraulic tools. SPX Flow operates worldwide, with sales in the Americas, Europe, Africa, and Asia.

 

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Posted-In: Earnings News

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