SPX Corp
NYSE:SPXC

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SPX Corp
NYSE:SPXC
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Price: 208.67 USD 0.21% Market Closed
Market Cap: 10.4B USD

SPX Corp
Investor Relations

SPX Corporation, a name that might not immediately resonate with the average consumer, sits quietly behind the scenes, engineering the structural backbone of several essential industries. Rooted in Charlotte, North Carolina, this diversified global supplier excels in creating bespoke infrastructure for a range of sectors, including HVAC, detection and measurement, and engineered solutions. With a penchant for innovation, SPX has meticulously crafted a niche in providing advanced solutions that enhance operational efficiency and safety in fields as varied as oil and gas, food and beverage, and power generation. At its core, SPX thrives on its ability to tailor complex, technologically-driven systems that support the foundational operations of these sectors, helping them run smoother, faster, and with improved sustainability.

Revenue generation for SPX Corporation is primarily anchored in its ability to offer critical products and services that solve specific problems within the industries it serves. Its diverse portfolio includes HVAC equipment - vital for maintaining climate control - alongside sophisticated diagnostic tools that ensure quality and precision across production processes. The company's strength lies in its adaptability and keen eye for industry trends, allowing it to stay ahead in providing solutions that not only meet current demands but anticipate future needs. This forward-thinking approach fosters deep-rooted relationships with a global clientele, securing a steady stream of income through both one-time sales and long-term service contracts that ensure continued support and maintenance. As SPX continues to innovate, it secures its place as an unsung powerhouse in the industrial ecosystems it supports.

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

Strong Earnings: SPX Technologies delivered a strong Q3, growing adjusted EPS by 32% to $1.84 and revenue by 23%, with notable profit and margin expansion in both segments.

Raised Guidance: The company raised its full-year 2025 guidance, with adjusted EPS now expected between $6.65 and $6.80 (up from $6.35–$6.65) and adjusted EBITDA to exceed $500 million at the midpoint, implying about 20% year-over-year growth.

Liquidity Boost: Over $1 billion of additional liquidity was secured through an equity raise and increased revolving credit facility, with no EPS dilution, supporting both organic initiatives and M&A.

Backlog Strength: Segment backlogs remain robust, with HVAC backlog up 7% sequentially to $579 million and Detection & Measurement steady at $366 million, providing strong visibility into future growth.

Organic & Inorganic Growth: Expansion plans for engineered air movement businesses and new product launches, especially Olympus Max for data centers, are progressing; the M&A pipeline remains active and disciplined.

Positive Market Trends: Management reported strong demand in data centers, healthcare, and institutional markets, with steady growth trends expected into 2026 and beyond.

Key Financials
Adjusted EPS
$1.84
HVAC Segment Backlog
$579 million
Detection & Measurement Segment Backlog
$366 million
Consolidated Segment Income
$146 million
Leverage Ratio
0.5x
Cash (End of Q3)
$232 million
Total Debt (End of Q3)
$502 million
Adjusted Free Cash Flow (Q3)
$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
+19804743700.0
www.spx.com