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SPX reports $65.3M in 4Q earnings

SPX Corp. this morning reported that it had earnings in the fourth-quarter of 2010 and for the year as a whole.

During the three-month period that ended Dec. 31, the Charlotte company recorded net income of $65.3 million, or $1.29 per share. In the same period a year ago, SPX had a net loss of $72.1 million, or $1.46 per share.

The company’s third-quarter revenue was $1.3 billion, basically flat from a year ago.

For 2010, the company had earnings of $205.6 million, or $4.14 per share, up from earnings of $31.7 million, or 64 cents a share, the year before.

SPX is a manufacturer with nearly $5 billion in annual revenue, operations in more than 35 countries and about 15,500 employees.

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