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SPX reports 1Q net income of $23.1M

Charlotte-based manufacturer SPX Corp. today reported higher net income for the first quarter.

SPX said it had net income of $23.1 million, or 45 cents a share, up from net income of $22.1 million, or 44 cents a share, in the year-ago period.

Revenue was higher in the first quarter compared with the year-ago period, climbing to $1.2 billion from $1.1 billion.

The company has raised its earnings-per-share guidance from $4.20 to $4.50 to $4.25 to $4.55.

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