SPX Technologies Management

Management criteria checks 3/4

SPX Technologies' CEO is Gene Lowe, appointed in Sep 2015, has a tenure of 8.67 years. total yearly compensation is $7.66M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options. directly owns 1.2% of the company’s shares, worth €72.44M. The average tenure of the management team and the board of directors is 6.9 years and 8.7 years respectively.

Key information

Gene Lowe

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage	13.4%
CEO tenure	8.7yrs
CEO ownership	1.2%
Management average tenure	6.9yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gene Lowe's remuneration changed compared to SPX Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$155m
Dec 31 2023	US$8m	US$1m	US$145m
Sep 30 2023	n/a	n/a	US$88m
Jul 01 2023	n/a	n/a	US$65m
Apr 01 2023	n/a	n/a	US$46m
Dec 31 2022	US$7m	US$991k	US$20m
Oct 01 2022	n/a	n/a	US$49m
Jul 02 2022	n/a	n/a	US$50m
Apr 02 2022	n/a	n/a	US$49m
Dec 31 2021	US$7m	US$953k	US$59m
Oct 02 2021	n/a	n/a	US$88m
Jul 03 2021	n/a	n/a	US$90m
Apr 03 2021	n/a	n/a	US$87m
Dec 31 2020	US$6m	US$918k	US$74m
Sep 26 2020	n/a	n/a	US$76m
Jun 27 2020	n/a	n/a	US$81m
Mar 28 2020	n/a	n/a	US$86m
Dec 31 2019	US$8m	US$878k	US$82m
Sep 28 2019	n/a	n/a	US$81m
Jun 29 2019	n/a	n/a	US$66m
Mar 30 2019	n/a	n/a	US$66m
Dec 31 2018	US$5m	US$846k	US$82m
Sep 29 2018	n/a	n/a	US$99m
Jun 30 2018	n/a	n/a	US$114m
Mar 31 2018	n/a	n/a	US$86m
Dec 31 2017	US$5m	US$818k	US$84m

Compensation vs Market: Gene's total compensation ($USD7.66M) is above average for companies of similar size in the German market ($USD3.32M).

Compensation vs Earnings: Gene's compensation has been consistent with company performance over the past year.

CEO

Gene Lowe (55 yo)

8.7yrs

Tenure

US$7,658,614

Compensation

Mr. Eugene Joseph Lowe, III, also known as Gene, has been the Chief Executive Officer and President at SPX Technologies, Inc. (formerly known as SPX Corporation) since September 26, 2015. Mr. Lowe is respo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eugene Lowe	President	8.7yrs	US$7.66m	1.2% $ 72.4m
Mark Carano	VP, CFO & Treasurer	1.3yrs	US$2.29m	0.0031% $ 186.8k
J. Data	President of Heating & Global Operations	8.8yrs	US$2.15m	0.093% $ 5.6m
John Swann	Segment President of Detection & Measurement	no data	US$2.04m	0.19% $ 11.3m
Sean McClenaghan	Segment President of HVAC	1.7yrs	US$2.26m	0.11% $ 6.9m
Wayne McLaren	VP, Chief Accounting Officer & Corporate Controller	1.5yrs	no data	0.015% $ 925.1k
Darnell Smith	Chief Information Officer	1.6yrs	no data	no data
Paul Clegg	Vice President of Investor Relations & Communications	no data	no data	no data
John Nurkin	VP, General Counsel & Secretary	8.7yrs	US$1.32m	0.22% $ 13.4m
NaTausha White	VP & Chief Human Resources Officer	9.1yrs	US$1.16m	0.076% $ 4.6m
Ross Skelton	Chief Commercial Officer	10.8yrs	no data	no data
Eric Kaled	President of Genfare Business	5.2yrs	no data	no data

6.9yrs

Average Tenure

53yo

Average Age

Experienced Management: SPW0's management team is seasoned and experienced (6.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eugene Lowe	President	8.7yrs	US$7.66m	1.2% $ 72.4m
Patrick O'Leary	Independent Non-Executive Chairman	8.7yrs	US$355.06k	0.033% $ 2.0m
Robert Toth	Independent Director	6.8yrs	US$227.56k	0.046% $ 2.8m
Ruth Shaw	Independent Director	8.7yrs	US$245.06k	0.075% $ 4.5m
David Roberts	Independent Director	8.8yrs	US$230.06k	0.065% $ 3.9m
Ricky Puckett	Independent Director	8.7yrs	US$245.06k	0.057% $ 3.4m
Tana Utley	Independent Director	8.7yrs	US$220.06k	0.033% $ 2.0m
Meenal Sethna	Independent Director	4.3yrs	US$250.06k	0.0062% $ 375.4k
Angel Willis	Independent Director	3yrs	US$230.06k	0.011% $ 645.4k

8.7yrs

Average Tenure

62yo

Average Age

Experienced Board: SPW0's board of directors are considered experienced (8.7 years average tenure).

SPX Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €696k worth of stock

President recently sold €6.6m worth of stock

Insufficient new directors

SPX Technologies, Inc. Appoints Mark Carano as Chief Financial Officer

SPX Technologies, Inc. Announces Executive Changes

SPX Technologies, Inc. Announces Appointment of Sean Mcclenaghan as President, Global Cooling and Executive Officer

Recent updates

First quarter 2024 earnings released: EPS: US$1.07 (vs US$0.86 in 1Q 2023)

SPX Technologies, Inc. Revises Consolidated Earnings Guidance for the Full Year of 2024

SPX Technologies, Inc. to Report Q1, 2024 Results on May 02, 2024

Insider recently sold €696k worth of stock

President recently sold €6.6m worth of stock

Full year 2023 earnings released: EPS: US$3.18 (vs US$0.44 in FY 2022)

SPX Technologies, Inc. Provides Earnings Guidance for the Year 2024

SPX Technologies, Inc. (NYSE:SPXC) acquired IngéNia Technologies Inc. for approximately CAD 410 million.

SPX Technologies, Inc. to Report Q4, 2023 Results on Feb 22, 2024

SPX Technologies, Inc. Revises Earnings Guidance for the Year 2023

SPX Technologies, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.78 (vs US$0.28 in 3Q 2022)

SPX Technologies, Inc. to Report Q3, 2023 Results on Nov 02, 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.84 (vs US$0.42 in 2Q 2022)

Spx Technologies, Inc. Provides Revenue Guidance for the Year 2023

SPX Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Now 21% undervalued

SPX Technologies, Inc. (NYSE:SPXC) completed the acquisition of ASPEQ Heating Group LLC from Industrial Growth Partners for approximately $418 million.

Investor sentiment improves as stock rises 16%

SPX Technologies, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year 2023

First quarter 2023 earnings released: EPS: US$0.86 (vs US$0.28 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.44 (vs US$1.30 in FY 2021)

Insufficient new directors

SPX Technologies, Inc. to Report Q4, 2022 Results on Feb 23, 2023

SPX Technologies, Inc. Appoints Mark Carano as Chief Financial Officer

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.17 in 3Q 2021)

SPX Technologies, Inc. Revises Earnings Guidance for Full-Year 2022

Capital & Risk Limited and Premia Holdings Ltd. acquired Three wholly-owned subsidiaries and asbestos liabilities & certain assets for approximately $140 million.

SPX Technologies, Inc. Announces Executive Changes

SPX Technologies, Inc. to Report Q3, 2022 Results on Nov 03, 2022

SPX Technologies, Inc. Announces Appointment of Sean Mcclenaghan as President, Global Cooling and Executive Officer

SPX Technologies, Inc. Announces Resignation of Jamie Harris as Treasurer, Effective September 23, 2022

SPX Corporation Revises Earnings Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: US$0.42 (vs US$0.33 in 2Q 2021)

SPX Corporation to Report Q2, 2022 Results on Aug 04, 2022

SPX Corporation(NYSE:SPXC) dropped from Russell 2000 Growth-Defensive Index

First quarter 2022 earnings released: EPS: US$0.28 (vs US$0.42 in 1Q 2021)

SPX Corporation Provides Full Year 2022 Guidance

SPX Corporation to Report Q1, 2022 Results on May 04, 2022

SPX Corporation (NYSE:SPXC) acquired International Tower Lighting, LLC (ITL).

SPX Corporation, Annual General Meeting, May 10, 2022

SPX Corporation, Annual General Meeting, May 10, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

SPX Corporation to Report Q4, 2021 Results on Feb 23, 2022

Now 20% undervalued after recent price drop

SPX Corporation (NYSE:SPXC) completed the acquisition of Cincinnati Fan and Ventilator Company, Inc. from Dominus Capital, L.P. for approximately $150 million.

Third quarter 2021 earnings released: EPS US$0.17 (vs US$0.51 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.33 (vs US$0.64 in 2Q 2020)

SPX Corporation (NYSE:SPXC) acquired Enterprise Control Systems Ltd.

Ge-prolec Transformers Inc entered into a Stock Purchase Agreement to acquire SPX Transformer Solutions, Inc. from SPX Corporation (NYSE:SPXC) for approximately $650 million.

First quarter 2021 earnings released: EPS US$0.61 (vs US$0.51 in 1Q 2020)

New 90-day high: €49.60

Full year 2020 earnings released: EPS US$2.26 (vs US$1.71 in FY 2019)

Revenue beats expectations

SPX Corporation to Report Q4, 2020 Results on Feb 23, 2021

New 90-day high: €47.20

New 90-day high: €45.80

New 90-day high: €44.40

SPX Corporation (NYSE:SPXC) acquired Sensors & Software Inc.

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

SPX Corporation Announces Appointment of Ankush Kumar as Executive Officer and Leader of - Global Cooling Businesses

SPX Corporation to Report Q3, 2020 Results on Oct 29, 2020

New 90-day high: €39.00

SPX Corporation (NYSE:SPXC) acquired ULC Robotics, Inc., ULC Robotics International, Inc. and ULC Pipeline Robotics LLC for approximately $140 million.

SPX Corporation to Report Q2, 2020 Results on Jul 30, 2020

CEO Compensation Analysis

CEO