CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Thursday reported fourth-quarter net income of $31.5 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 67 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.25 per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.25 per share.

The infrastructure equipment supplier posted revenue of $469.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $481.3 million.

For the year, the company reported profit of $89.9 million, or $1.93 per share. Revenue was reported as $1.74 billion.

SPX Technologies expects full-year earnings in the range of $4.85 to $5.15 per share.

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