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Article: SPX Reports Second Quarter 2003 Results; 2Q Free Cash Flow 194% of Income From Continuing Operations, Revenues Up 5.5%, Diluted EPS From Continuing Operations of $0.66.
- Article from:
- PR Newswire
- Article date:
- July 28, 2003
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SPX Corporation today announced second quarter 2003 financial results of $1.27 billion in revenues, diluted earnings per share from continuing operations of $0.66, and free cash flow from continuing operations of $99.0 million.
Commenting on the company's results, John B. Blystone, Chairman, President and CEO said, "We remain focused on building strategic platforms for profitable growth and cash flow generation, as evidenced by the recent sales of Inrange Technologies and our interest in the Assa Abloy door joint venture. The current headwinds facing SPX remain challenging, led by the negative impact of the U.S. power market and very competitive global economic ...