SPX Corp
NYSE:SPXC
SPX Corp
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.
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.
Strong Q4 & FY25: SPX Technologies reported strong Q4 and full-year 2025 results, with adjusted EBITDA and adjusted EPS both growing by 21%.
Data Center Growth: Data center revenue rose to about $200 million (9% of total revenue in 2025) and is expected to grow roughly 50% to reach low double digits as a percent of revenue in 2026.
2026 Guidance: Management issued 2026 guidance for 20% adjusted EBITDA growth at the midpoint and 15% adjusted EPS growth at the midpoint, with total revenue expected between $2.535 billion and $2.605 billion.
Capacity Expansion: Significant investments underway, including new facilities in Alabama and Tennessee, adding up to $700 million of incremental HVAC capacity at full production.
Acquisition Activity: Recent acquisitions (Thermolec, Air Enterprises, Rahn Industries) bolster HVAC segment, with $110 million expected combined annualized revenue in 2026 and margins above segment average.
Backlog Strength: Both HVAC and Detection & Measurement segments ended the year with record backlogs, up 22% and 43% organically, respectively.
Detection & Measurement: Segment faced a $20M project revenue pull-forward from 2026 into 2025, resulting in a ~5% growth headwind for 2026.
Robust Outlook: Demand remains healthy across key end markets, especially data centers, and the M&A pipeline remains active.
