It's getting to be a regular occurrence. It was just about this time last week that Zurich-based ABB
At the podium today is SPX Corp.
The company competes to varying degrees with the likes of United Technologies
SPX got a push in the quarter from revenue and segment income increases in each of its units. But all increases are not created equal: Its largest unit, flow technology, weighed in with a nearly 97% jump in revenue and a 58% increase in segment income. That, I suppose, is what's likely to happen when you manufacture and market a host of pumps, valves, and metering equipment in an era of skyrocketing energy prices.
Like ABB, SPX comes at the world of energy somewhat indirectly, but from a couple of different perspectives. And while everyone knows about the old-line oilfield companies like ExxonMobil
SPX has a four-star rating from Motley Fool CAPS players. Why not add your vote?