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Article: SPX Reports Third Quarter 2003 Results; 3Q Free Cash Flow 135% of Income From Continuing Operations Diluted EPS From Continuing Operations of $0.98.
- Article from:
- PR Newswire
- Article date:
- October 28, 2003
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SPX Corporation today announced third quarter 2003 financial results of $1.24 billion in revenues, diluted earnings per share from continuing operations of $0.98, and free cash flow from continuing operations of $100.9 million.
Commenting on the company's results, John B. Blystone, Chairman, President and CEO said, "In the third quarter we generated free cash flow of $100.9 million or 135% of income from continuing operations, while diluted earnings per share from continuing operations were $0.98, a 5% increase from $0.93 in the third quarter of 2002. Our focus on free cash flow together with cost reduction initiatives is driving improvement in performance. We ...