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
Market Cap
$10.85B
P/E (TTM)
46.9
39.1
Dividend Yield
--
52W High
$233.71
52W Low
$115.00
52W Range
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)
OSK$10.33B
PSN$6.49B
$5.87B
Gross Margin (Latest Quarter)
WTS48.8%
AOS38.7%
37.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| DCI | $11.76B | 30.8 | 25.6% | 22.3% |
| SPXC | $10.85B | 46.9 | 13.7% | 14.5% |
| DY | $10.73B | 36.1 | 22.2% | 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%MissForm 10-Q - Q2 2025
Period End: Jun 28, 2025|Filed: Aug 1, 2025|Revenue: $552.40M+10.2%|EPS: $1.12+16.7%MissForm 10-Q - Q1 2025
Period End: Mar 29, 2025|Filed: May 2, 2025|Revenue: $482.60M+3.7%|EPS: $1.10+2.8%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $1.98B+13.9%|EPS: $4.37+121.8%MissForm 10-Q - Q3 2024
Period End: Sep 28, 2024|Filed: Oct 31, 2024|Revenue: $483.70M+7.8%|EPS: $1.08-340.0%MissForm 10-Q - Q2 2024
Period End: Jun 29, 2024|Filed: Aug 2, 2024|Revenue: $501.30M+18.4%|EPS: $0.96+21.5%MissForm 10-Q - Q1 2024
Period End: Mar 30, 2024|Filed: May 3, 2024|Revenue: $465.20M+16.4%|EPS: $1.07+16.3%MeetForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 23, 2024|Revenue: $1.74B+19.2%|EPS: $1.97+19600.0%Miss