SPX Ranked #21 on Barron's 500 for 2009
May 15 2009 - 8:20AM
PR Newswire (US)
CHARLOTTE, N.C., May 15 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that it has been named to the Barron's
500 for 2009. The Barron's 500 is the financial magazine's annual
list of the 500 largest public companies (by sales) in the United
States and Canada with the best records of increasing sales and
generating cash flow during the past year. SPX ranked #21 overall
on this year's list (up from #43 in 2008), earning a cumulative
grade-point average of 3.67 out of a possible 4.0. The Barron's 500
rankings, including detailed information about the methodology, can
be found in the May 11, 2009 issue of Barron's and at
http://www.barrons.com/. "SPX is pleased and honored to be among
the top 25 companies in this year's Barron's 500 rankings," said
Chris Kearney, Chairman, President and Chief Executive Officer of
SPX. "Most importantly, this recognition is a testament to the
strong commitment and collective accomplishments of our employees
around the world." SPX Corporation is a Fortune 500 multi-industry
manufacturing leader. The company offers highly-specialized
engineered solutions to solve critical problems for customers. SPX
is focused on providing solutions that support the expansion of
global infrastructure, with particular emphasis on the growing
worldwide demand for energy and power. Its innovative product
portfolio, containing many energy efficient products, includes
cooling systems for power plants throughout the world; custom
engineered process equipment that assists a variety of flow
processes including food and beverage manufacturing, oil and gas
exploration, distribution and refinement and power generation;
handheld diagnostic tools that aid in vehicle maintenance and
repair; and power transformers that regulate voltage for electrical
transmission and distribution by utility companies. SPX is
headquartered in Charlotte, North Carolina and employs more than
17,000 people worldwide in over 40 countries. Visit
http://www.spx.com/. DATASOURCE: SPX Corporation CONTACT: Jeremy W.
Smeltser (Investors), +1-704-752-4478, ; or Jennifer H. Epstein
(Media), +1-704-752-7403, , both of SPX Corporation Web Site:
http://www.spx.com/
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