The Corp. Controller and CAO of SPX Corp is Exercising Options

By Carrie Williams

Today it was reported that the Corp. Controller and CAO of SPX Corp (NYSE: SPXC), Michael Andrew Reilly, exercised options to sell 21,852 SPXC shares at $15.12 a share, for a total transaction value of $782.7K.

Following Michael Andrew Reilly’s last SPXC Sell transaction on November 30, 2017, the stock climbed by 3.8%.

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Based on SPX Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $379 million and quarterly net profit of $19.7 million. In comparison, last year the company earned revenue of $350 million and had a GAAP net loss of $8.3 million. SPXC’s market cap is $1.53B and the company has a P/E ratio of 13.87. Currently, SPX Corp has an average volume of 118.4K.

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SPX Corp. is the supplier of infrastructure equipment and products. It operates through the following segments: HVAC, Detection and Measurement, and Engineered Solutions.