SPXC SPX Corporation

SPX Technologies Announces Appointment of Mark Carano as Chief Financial Officer

SPX Technologies Announces Appointment of Mark Carano as Chief Financial Officer

CHARLOTTE, N.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies,” or “SPX”) (NYSE:SPXC) today announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective January 3, 2023. Mr. Carano joins SPX Technologies with extensive executive experience in finance, accounting, strategy, and business development, including senior leadership roles in public companies.

Gene Lowe, President and CEO, commented, “We are very pleased to welcome Mark to the SPX Technologies team. His impressive track record as a public-company CFO, and his strong background in engineered products and growth investments are an excellent fit with SPX’s growth and operational excellence initiatives. His depth of experience in strategy, finance, and business development helps position SPX for further success as we continue to pursue our value creation roadmap.”

Mr. Carano joins SPX from Insteel Industries, Inc, a publicly-traded manufacturer of steel wire reinforcing products for concrete construction applications (NYSE: IIIN), where he served as Senior Vice President, Chief Financial Officer and Treasurer. Before joining Insteel, he served as Chief Financial Officer of Big River Steel LLC, a private equity-owned manufacturer of steel products, from 2019 until its sale to U.S. Steel in 2020. Prior to Big River Steel, Mr. Carano served in senior management roles with Babcock & Wilcox, a publicly-held manufacturer of industrial technology, from 2013 to 2018, including Senior Vice President, Finance and Controller of their Industrial Segment and Senior Vice President, Corporate Development and Treasurer.

Mr. Carano also spent 14 years in investment banking, serving in roles of increasing seniority at First Union Securities, Deutsche Bank, Merrill Lynch, and BofA Merrill Lynch. He earned a bachelor’s of arts degree from Vanderbilt University and a master's degree in business administration from Northwestern University's Kellogg Business School.

About SPX Technologies: SPX Technologies is a diversified, global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has more than 3,100 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit . 

Investor and Media Contacts:

Paul Clegg, VP, Investor Relations and Communications

Garrett Roelofs, Assistant Manager, Investor Relations

Phone:   980-474-3806

E-mail:  

Source: SPX Technologies, Inc.



EN
07/12/2022

Underlying

SPXCSPX Corporation

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SPX Corporation

 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Announces Pricing of Public Offering of Common Stock

SPX Announces Pricing of Public Offering of Common Stock CHARLOTTE, N.C., Aug. 12, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”) announced today the pricing of an underwritten public offering of 2,659,575 shares of its common stock at a public offering price of $188.00 per share. The gross proceeds to SPX from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $500.0 million. All shares in the offering are to be sold by SPX. In addition, SPX has granted the underwriters a 30-day option to purc...

August 13, 2025 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Announces Proposed Public Offering of Common Stock

SPX Announces Proposed Public Offering of Common Stock CHARLOTTE, N.C., Aug. 11, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”) announced today that it intends to offer and sell $500 million of shares of its common stock in an underwritten public offering. In addition, SPX intends to grant the underwriters a 30-day option to purchase up to an additional $75 million of shares of its common stock offered in the public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the act...

August 11, 2025 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Reports Second Quarter 2025 Results

SPX Reports Second Quarter 2025 Results Raises Full-year Guidance CHARLOTTE, N.C., July 31, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the second quarter ended June 28, 2025. Second Quarter Highlights (amounts presented for continuing operations; all comparisons against the second quarter of 2024, unless otherwise noted) Revenue of $552.4 million, up 10.2%GAAP income from continuing operations of $52.5 million, up 16.2%GAAP EPS of $1.10, up 14.6%Adjusted EPS* of $1.65, up 16.2%Adj...

July 31, 2025 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Technologies to Report Second Quarter 2025 Financial Results

SPX Technologies to Report Second Quarter 2025 Financial Results CHARLOTTE, N.C., July 08, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, July 31, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outlook during a confer...

July 8, 2025 1 EN
Free Trial
SPXC SPX CORPORATION

SPX Technologies Inc: 1 director

A director at SPX Technologies Inc sold/sold after exercising options 6,823 shares at 153.010USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direct...

05/31/25 May 31, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch