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SPX Technologies Inc
F:SPW0

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SPX Technologies Inc
F:SPW0
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Price: 170 EUR -1.73% Market Closed
Market Cap: 7.9B EUR

SPX Technologies Inc
Investor Relations

SPX Technologies Inc. stands as a multifaceted player in the industrial and technological landscape, having meticulously diversified its portfolio to withstand the vicissitudes of the global market. The company traces its origins back to the automotive industry, yet its adeptness at pivoting has propelled it into a wider array of sectors, including HVAC, detection, and measurement solutions. This strategic evolution underscores SPX Technologies’ commitment to innovation and adaptability, ensuring it remains at the forefront of serving its diverse clientele. Through a blend of organic growth and strategic acquisitions, the company crafts robust solutions tailor-made for the challenges of the 21st century, balancing sustainability with sophisticated engineering prowess.

At the heart of SPX Technologies’ operational blueprint is its ability to leverage advanced technology to address complex industrial needs. The company generates revenue by providing essential components and innovative solutions within critical infrastructure sectors. This includes the creation of highly efficient heating, ventilation, and air conditioning systems that prioritize energy efficiency and environmental responsibility. Additionally, SPX Technologies capitalizes on its expertise in detection and measurement, offering vital products that ensure precision and reliability in processes across industries like oil and gas, and power generation. By maintaining a relentless focus on R&D and strategic collaborations, SPX Technologies not only retains its competitive edge but also maximizes its profitability through an unwavering commitment to quality and customer satisfaction.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Strong Q3 Results: SPX grew revenue by 23% and adjusted EPS by 32% in Q3, with notable profit and margin expansion in both business segments.

Guidance Raised: Full-year 2025 adjusted EPS guidance was increased to $6.65–$6.80 (from $6.35–$6.65) and adjusted EBITDA is now expected to exceed $500 million, implying about 20% year-over-year growth.

Margin Expansion: Adjusted EBITDA margin rose by 150 bps and consolidated segment margin improved 110 bps year-over-year.

Ample Liquidity: The company raised $575 million in equity and expanded its credit facility, giving over $1 billion in additional liquidity with no 2025 EPS dilution.

Strong Backlogs: HVAC and Detection & Measurement backlogs are at or near all-time highs, supporting good visibility into 2026.

Olympus Max Progress: The new data center cooling solution is on track for $50 million in bookings in 2025 and is receiving strong customer engagement.

Active M&A Pipeline: Recent acquisitions (KTS and Sigma & Omega) are performing well, and SPX has a robust pipeline of actionable opportunities, especially in HVAC.

Key Financials
Adjusted EPS
$1.84
Consolidated Segment Income
$146 million
HVAC Segment Backlog
$579 million
Detection & Measurement Segment Backlog
$366 million
Cash
$232 million
Total Debt
$502 million
Leverage Ratio
0.5x
Adjusted Free Cash Flow
$91 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Eugene Joseph Lowe III
President, CEO & Director
No Bio Available
Mr. Mark A. Carano
VP, CFO & Treasurer
No Bio Available
Mr. J. Randall Data
President of Heating & Global Operations
No Bio Available
Mr. John William Swann III
Segment President of Detection & Measurement
No Bio Available
Mr. Sean McClenaghan
Segment President of HVAC
No Bio Available
Mr. Wayne M. McLaren
VP, Chief Accounting Officer & Corporate Controller
No Bio Available
Mr. Darnell Smith
Chief Information Officer
No Bio Available
Mr. Paul Clegg
Vice President of Investor Relations & Communications
No Bio Available
Ms. Cheree Haswell Johnson
VP, Chief Legal Officer & Secretary
No Bio Available
Ms. Jennifer Carpenter
VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
NORTH CAROLINA
Charlotte
6325 Ardrey Kell Road, Suite 400
Contacts
+19804743700
www.spx.com