CHARLOTTE, N.C., Aug. 17, 2015 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that it will present to analysts and investors on Wednesday September 2, 2015 at 8:00 a.m. Eastern time in New York City. The presentation will feature an in-depth analysis of the "NEW" SPX Corporation, the remaining company following the planned spinoff of its FLOW business, which is expected to be completed near the end of Q3 2015. Key speakers will include:
- Gene Lowe, President and CEO of the "NEW" SPX Corporation
- Scott Sproule, Vice President, Treasurer and CFO of the "NEW" SPX Corporation
The presentation and subsequent question and answer session will be webcast live on September 2, 2015 beginning at approximately 8:00 a.m. Eastern time. A link to the webcast and slide presentation will be available in the Investor Relations section of SPX's website at www.spx.com. A replay of the webcast will also be available on the company's website until December 31, 2015.
About the "NEW" SPX Corporation (remaining company): Based in Charlotte, North Carolina, following the spinoff of its FLOW business, the "NEW" SPX Corporation will be a leading supplier of highly engineered HVAC products, detection and measurement technologies and power equipment. The "NEW" SPX Corporation is expected to have approximately $2 billion in annual revenues and approximately 6,000 employees worldwide. Following the spinoff of its FLOW business, SPX Corporation will be listed on the New York Stock Exchange under a new ticker symbol, "SPXC". For more information, please visit www.spx.com.
About SPX FLOW, Inc. (spinoff company): Based in Charlotte, North Carolina, SPX FLOW, Inc. is a leading global supplier of highly engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services, into the food and beverage, power and energy and industrial end markets. SPX FLOW, Inc. is expected to have approximately $2.5 billion in annual revenues and approximately 8,000 employees with operations in over 35 countries and sales in over 150 countries around the world. Following the spinoff, SPX FLOW, Inc. will be listed on the New York Stock Exchange under the ticker symbol "FLOW". For more information and the most recent Form 10 filing, please visit www.spx.com.
Certain statements in this press release 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. Please read these results in conjunction with the company's documents filed with the Securities and Exchange Commission, including the company's annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words "expect," "anticipate," "project" and similar expressions identify forward-looking statements. 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. 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.
SOURCE SPX Corporation