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SPX Technologies, Inc.

SPX Technologies, Inc.

NYSE•SPXC
CEO: Mr. Eugene Joseph Lowe III
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 1980-03-17
SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies products under the TCI and ECS brands; and obstruction lighting products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.
Contact Information
6325 Ardrey Kell Road, Suite 400, Charlotte, NC, 28277, United States
980-474-3700
www.spx.com
Market Cap
$10.85B
P/E (TTM)
46.9
39.1
Dividend Yield
--
52W High
$233.71
52W Low
$115.00
52W Range
86%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$592.80M+22.55%
4-Quarter Trend

EPS

$1.30+20.37%
4-Quarter Trend

FCF

$96.40M+121.61%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Nine months revenues reached $1,627.8M, showing 12.2% growth driven by acquisitions and organic strength across segments.
Continuing Operations Income Income from continuing operations grew to $167.3M, increasing 15.1% due to operating leverage and favorable project execution.
Major 2025 Acquisitions Closed Completed KTS and Sigma & Omega acquisitions totaling $483.6M cash consideration during the first nine months of 2025.
Strong Liquidity Position Maintained Net cash from financing activities was $424.6M, supported by $551.1M in net proceeds from the registered direct offering.

Risk Factors

Acquisition Integration Costs SG&A expense rose due to $15.4M in acquisition and integration costs incurred during the nine month period ending September 2025.
Global Tariffs Impact Uncertainty Ongoing geopolitical conflicts and new US tariffs announced in 2025 create uncertainty regarding supply chains and market stability.
Goodwill Subject to Review Goodwill balance of $1,036.0M is subject to annual impairment testing, sensitive to future operating forecasts and assumptions.
Discontinued Operations Losses Discontinued operations recorded a net loss of $(1.2)M for nine months, primarily related to the ongoing DBT business wind-down.

Outlook

Credit Agreement Maturity Extended Amended senior credit agreement extends revolving facility maturity to September 9, 2030, supporting future financing flexibility.
Remaining Performance Obligations $341.1M in remaining performance obligations exist, with 62% expected to be recognized as revenue within the next 12 months.
Focus on Core Segments Management focuses resource allocation based on performance evaluation of HVAC and Detection and Measurement reportable segments.
Incentive Compensation Changes Long-term incentive expense increased due to plan design changes raising maximum payout range from 150% to 200% of target.

Peer Comparison

Revenue (TTM)

Oshkosh CorporationOSK
$10.33B
-2.5%
Parsons CorporationPSN
$6.49B
-0.2%
Regal Rexnord CorporationRRX
$5.87B
-5.0%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
48.8%
+1.5pp
A. O. Smith CorporationAOS
38.7%
+1.3pp
Regal Rexnord CorporationRRX
37.0%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DCI$11.76B30.825.6%22.3%
SPXC$10.85B46.913.7%14.5%
DY$10.73B36.122.2%32.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.6%
Moderate Growth
4Q Net Income CAGR
3.4%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$1.86
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Oct 31, 2025|
    Revenue: $592.80M+22.6%
    |
    EPS: $1.30+20.4%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Aug 1, 2025|
    Revenue: $552.40M+10.2%
    |
    EPS: $1.12+16.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 2, 2025|
    Revenue: $482.60M+3.7%
    |
    EPS: $1.10+2.8%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $1.98B+13.9%
    |
    EPS: $4.37+121.8%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 31, 2024|
    Revenue: $483.70M+7.8%
    |
    EPS: $1.08-340.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Aug 2, 2024|
    Revenue: $501.30M+18.4%
    |
    EPS: $0.96+21.5%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: May 3, 2024|
    Revenue: $465.20M+16.4%
    |
    EPS: $1.07+16.3%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $1.74B+19.2%
    |
    EPS: $1.97+19600.0%
    Miss