{"id":1479,"date":"2025-07-22T19:05:52","date_gmt":"2025-07-22T19:05:52","guid":{"rendered":"https:\/\/live-spx-corp.pantheonsite.io\/?p=1479"},"modified":"2025-08-04T12:47:10","modified_gmt":"2025-08-04T12:47:10","slug":"spx-completes-acquisition-of-cues-inc","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-completes-acquisition-of-cues-inc\/","title":{"rendered":"SPX Completes Acquisition of CUES, Inc."},"content":{"rendered":"
\n
Increasing 2018 Adjusted EPS Guidance to Range of\u00a0$2.15 to $2.25<\/strong><\/div>\n<\/div>\n
\n

Management Call Scheduled for\u00a0June 8th<\/sup>\u00a0at\u00a08:30 AM ET<\/strong><\/p>\n

CHARLOTTE, N.C.,\u00a0June 07, 2018\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that it has completed the acquisition of\u00a0CUES, Inc.\u00a0(\u201cCUES\u201d), a leading manufacturer of pipeline inspection and rehabilitation equipment, headquartered in\u00a0Orlando, Florida. A detailed description of the transaction was provided in SPX\u2019s Form 8-K filed on\u00a0April 23rd<\/sup>\u00a0with the\u00a0United Stated Securities and Exchange Commission.<\/p>\n

Gene Lowe, President and Chief Executive Officer of SPX commented, \u201cWe are very excited to welcome the CUES team to SPX. CUES is a clear leader in pipeline inspection and rehabilitation products with recognizable brands, strong technology and an excellent reputation. This acquisition substantially strengthens our inspection business within our Detection & Measurement segment, our fastest growing and highest margin segment, and further positions our company to achieve our long-term growth and value creation targets.\u201d<\/p>\n

SPX is also increasing its 2018 Adjusted earnings per share guidance to a range of\u00a0$2.15 to $2.25\u00a0from\u00a0$2.03 to $2.18\u00a0to account for the inclusion of the partial year results of CUES as well as\u00a0Schonstedt Instrument Company\u00a0(\u201cSchonstedt\u201d), the acquisition of which was completed during the first quarter of 2018. The results of both CUES and Schonstedt will be reported as part of the company\u2019s cable & pipe locators and inspection equipment business within the Detection & Measurement segment.<\/p>\n

SPX will host a conference call at\u00a08:30 a.m. Eastern time on\u00a0Friday, June 8, 2018\u00a0to discuss its recent acquisitions and updated 2018 guidance. Those interested in participating in the conference call should dial in five minutes prior to the start of the call. The call will be simultaneously webcast via the company’s website at\u00a0www.spx.com<\/a>\u00a0and the slide presentation will be available in the Investor Relations section of the site approximately two hours before the start of the call.<\/p>\n

Conference call
\nDial in: 877-341-7727
\nFrom outside\u00a0the United States: +1 262-558-6098
\nParticipant code: 2309629<\/p>\n

A replay of the call will be available by telephone through\u00a0Friday, June 15th.<\/p>\n

To listen to a replay of the call
\nDial in: 855-859-2056
\nFrom outside\u00a0the United States: +1 404-537-3406
\nParticipant code: 2309629<\/p>\n

About\u00a0SPX Corporation<\/strong>:\u00a0SPX Corporation\u00a0is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in\u00a0Charlotte, North Carolina,\u00a0SPX Corporation\u00a0had approximately\u00a0$1.4 billion\u00a0in annual revenue in 2017 and more than 5,000 employees in 14 countries.\u00a0SPX Corporation\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d For more information, please visit\u00a0www.spx.com<\/a>.<\/p>\n

Non-GAAP Information<\/strong>: The guidance presented in this release, \u201cAdjusted earnings per share,\u201d is a non-GAAP financial measure and is calculated by the company in a manner consistent with the presentation of Adjusted earnings per share included in its\u00a0May 3, 2018\u00a0press release announcing the results of operations for the first quarter of 2018. Adjusted earnings per share excludes items, which would be included in our financial measures presented in accordance with\u00a0United States\u00a0generally accepted accounting principles (\u201cGAAP\u201d), that we do not consider indicative of our on-going performance. These items include, but are not limited to, acquisition costs, costs associated with dispositions, the results of our South African projects, and potential non-cash income or expense items associated with changes in market interest rates and actuarial or other data related to our pension and postretirement plans, as the ultimate aggregate amounts associated with these items are out of our control and\/or cannot be reasonably predicted. Because of the forward-looking nature of the estimated range of Adjusted earnings per share, it is impractical to present a quantitative reconciliation of such measure to a comparable GAAP measure, and accordingly no such GAAP measure is being presented.<\/p>\n

Certain statements in this press release, including the Adjusted earnings per share guidance, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from future express or implied results. Particular risks facing SPX include risks relating to market specific cycles and weather related fluctuations; economic, business, and other risks stemming from changes in the economy; legal and regulatory risks; cost of raw materials; pricing pressures; our reliance on U.S. revenues and international operations; its 2015 spin-off transaction; the effectiveness, success, and timing of restructuring plans; its ability to manage changes and measure and estimate the expected revenue and cost associated with our power projects in\u00a0South Africa; pension funding requirements; liabilities retained in connection with dispositions; and integration of acquisitions and achievement of anticipated synergies. More information regarding such risks can be found in SPX\u2019s most recent annual report on Form 10-K and quarterly report on Form 10-Q. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company\u2019s current complement of businesses, which is subject to change.<\/p>\n

Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.<\/p>\n

SOURCE\u00a0SPX Corporation.<\/p>\n

Investor and Media Contacts:\u00a0<\/strong>
\n<\/strong>Mark A. Carano, vice-pr\u00e9sident, directeur financier et tr\u00e9sorier
\nPhone: 980-474-3806
\nE-mail:\u00a0spx.investor@spx.com<\/a><\/p>\n

Pat Uotila, Manager, Investor Relations
\nPhone: 980-474-3806
\nE-mail:\u00a0spx.investor@spx.com<\/a><\/p>\n

\"Primary<\/a><\/p>\n

Source: SPX Corporation<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Increasing 2018 Adjusted EPS Guidance to Range of\u00a0$2.15 to $2.25 Management Call Scheduled for\u00a0June 8th\u00a0at\u00a08:30 AM ET CHARLOTTE, N.C.,\u00a0June 07, 2018\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that it has completed the acquisition of\u00a0CUES, Inc.\u00a0(\u201cCUES\u201d), a leading manufacturer of pipeline inspection and rehabilitation equipment, headquartered in\u00a0Orlando, Florida. A detailed description of the transaction was provided in […]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[26],"tags":[],"dipi_cpt_category":[],"class_list":["post-1479","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"yoast_head":"\nSPX Completes Acquisition of CUES, Inc. - SPX Technologies in Charlotte, NC<\/title>\n<meta name=\"description\" content=\"SPX adds advanced pipeline inspection tech with acquisition of CUES, boosting utility solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spx.com\/fr\/spx-completes-acquisition-of-cues-inc\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Completes Acquisition of CUES, Inc. - 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