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Article: SPX Reports Record Fourth Quarter 2003 Results; 4Q Free Cash Flow 307% of Income From Continuing Operations 4Q Diluted EPS From Continuing Operations up 31% to $1.30.
- Article from:
- PR Newswire
- Article date:
- February 26, 2004
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SPX Corporation today announced fourth quarter 2003 financial results of $1.45 billion in revenues, diluted earnings per share from continuing operations of $1.30, and free cash flow from continuing operations of $303.8 million.
Commenting on the company's results, John B. Blystone, Chairman, President and CEO said, "We finished the year with a strong fourth quarter and delivered record free cash flow of $546.4 million for the year. Despite tough market conditions, revenues grew 5.4% as a result of our focus on profitably growing strategic platforms, and we generated diluted earnings per share from continuing operations of $3.41."
"Our solid financial ...