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SPX FLOW Remains Focused On Strategic Plan
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SPX FLOW Reports Fourth Quarter And Full Year 2020 Financial Results
Results Demonstrate the Benefits of Portfolio Realignment; Focus on People, Customers, Improving Profitability and High Return Investments
Full Year 2020 Highlights:
- Gross margins of 34.7%, up 20 points year-over-year despite COVID-19 impact and revenue decline of (10.4%) year-over-year to ~$1.35 billion
- Strong balance sheet and free cash flow generation support long-term capital allocation objectives
- Enhancing our focus on productivity and improving profitability through deployment of 80/20
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CHARLOTTE, N.C., Feb. 10, 2021 /PRNewswire/ SPX FLOW, Inc. (NYSE:FLOW) a leading provider of process solutions, today reported results for the quarter and full year ended December 31, 2020.
SPX FLOW Appoints Sonya Roberts to Board of Directors
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CHARLOTTE, N.C., Jan. 21, 2021 /PRNewswire/ SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions, has appointed Sonya McCullum Roberts as an additional independent director effective January 19, 2021.
Sonya Roberts Appointed to SPX FLOW Board of Directors. Ms. Roberts is the President and Group Leader for the Salt business at Cargill Incorporated, where she has held several leadership positions for the past 12 years. Prior to joining Cargill, she spent 19 years at ConocoPhillips. Ms. Roberts brings an attractive combination of P&L ownership, business marketing, customer focus and leadership experience to SPX FLOW, said Anne Altman, Board of Directors Member and Chair of the Nominating & Governance Committee. Her strong knowledge of the food and industrial markets, along with her track record of driving strategic investments to fuel growth, align well
SPX FLOW Completes Purchase of UTG Mixing Group
Acquisition enhances mixing technology portfolio for SPX FLOW and UTG customers and expands European operations and sales channels
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CHARLOTTE, N.C., Jan. 18, 2021 /PRNewswire/ SPX FLOW, Inc. (NYSE: FLOW), a leading provider of process solutions for the food, beverage and industrial markets, announced today that it has completed the acquisition of UTG Mixing Group, the maker of Stelzer, Uutechnic, and Jamix mixing solutions for the chemical, food, metallurgical and fertilizer, environmental technology, water treatment and pharmaceuticals markets.
The addition of UTG s operations, based in Finland and Germany, will add technology, manufacturing capacity and technical expertise to SPX FLOW s already robust global portfolio of mixing and blending solutions, including Lightnin, Plenty and APV.
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