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SPX Technologies Inc
F:SPW0

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SPX Technologies Inc
F:SPW0
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Price: 179.9 EUR 3.51%
Market Cap: €8.3B

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
Q4 2025
Call Date
Feb 24, 2026
AI Summary
Q4 2025

Strong Q4 & FY25: SPX Technologies delivered a strong finish to 2025, with revenue up 19.4% and adjusted EPS up 25% to $1.88 in Q4.

Guidance Raised: 2026 guidance implies about 20% adjusted EBITDA growth and 15% adjusted EPS growth at the midpoint, with revenue expected between $2.535–2.605 billion.

Data Center Momentum: Data center revenue grew from 7% to about 9% of total revenue in 2025 (~$200 million) and is expected to jump to around 12% in 2026, a projected 50% increase.

Strategic Acquisitions: Recent acquisitions (Thermolec, Air Enterprises, Rahn Industries) are bolstering the HVAC segment, adding $110 million in expected 2026 revenue and expanding presence in electric heat and engineered air movement.

Capacity Expansion: Major investments in new HVAC facilities aim to add $700 million of incremental capacity, with start-up costs temporarily impacting margins in 2026.

Strong Backlog: Both key segments reported record backlogs, supporting confidence in future growth.

Healthy Balance Sheet: Ended 2025 with $366 million cash, $502 million debt, and pro forma leverage at 1x, enabling further M&A activity.

Key Financials
Adjusted EPS
$1.88
Adjusted EPS (Full Year)
$6.76
HVAC Segment Revenue Growth
16.4% YoY
HVAC Segment Backlog
$585M
Detection & Measurement Segment Revenue Growth
26.3% YoY
Detection & Measurement Segment Backlog
$350M
Segment Income
$156M
Cash on Hand
$366M
Total Debt
$502M
Leverage Ratio
0.3x year-end; 1x including recent acquisitions
Adjusted Free Cash Flow
$294M
CAPEX (2026 expected)
$100M
CAPEX (2025)
$60M
Data Center Revenue (2025)
About $200M (9% of total revenue)
Revenue (Thermolec, Air Enterprises, Rahn Industries 2026 impact)
Just shy of $110M (annualized)
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
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