Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,560 | $1,220 | $1,461 | $1,741 | $1,984 |
| Gross Profit | $124 | $129 | $162 | $670 | $799 |
| Operating Income | $132 | $74 | $51 | $222 | $308 |
| Net Income | $97 | $425 | $0 | $90 | $201 |
Over the five-year period, SPX Technologies’ revenue shows notable fluctuations. After a solid 2020 at 1559.5 million USD, revenue dipped by around 22% to 1219.5 million in 2021, before rebounding to 1460.9 million in 2022. By 2023 and 2024, revenue climbed steadily to 1741.2 and 1983.9 million USD, respectively, suggesting a robust recovery and growth in underlying demand. Gross profit exhibits an even more striking turnaround. Starting at only 123.5 million USD in 2020 and rising modestly in 2021 and 2022 to 129.3 and 162.2 million USD, respectively, the gross profit surged abruptly to 670 million in 2023, then further to 799.4 million in 2024. Such marked improvements may reflect shifts in the company’s product mix, pricing strategies, or operational efficiencies. However, operating income and net income trends present a mixed picture. Operating income declined by more than 40% from 132 million USD in 2020 to 73.7 million in 2021 and dropped further to 51 million in 2022 before recovering significantly to 221.9 million in 2023 and climbing to 308.3 million in 2024. Net income displayed extreme volatility—from 97.2 million USD in 2020, a sharp spike to 425.4 million in 2021 (suggesting a significant one-time benefit or operational shift), plummeting to almost negligible 0.2 million in 2022, and then improving to 89.9 million in 2023 and 200.5 million in 2024. Overall, while revenue and margins point to improving operational performance and financial resilience, the erratic net income signals potential variability in non-operational factors. The recovery in key metrics during the later years suggests that SPX Technologies is on a path toward stabilizing its earnings and sustaining growth, though continued scrutiny of any one-off items or transient effects is warranted.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.