SPX/$SPXC

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1D1W1MYTD1Y5YMAX

About SPX

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company has its operations in the United States, Canada, China, the United Kingdom, and Others.

Ticker

$SPXC

Primary listing

NYSE

Employees

4,300

SPX Metrics

BasicAdvanced
$11B
47.35
$4.69
1.37
-

What the Analysts think about SPX

Analyst ratings (Buy, Hold, Sell) for SPX stock.

Bulls say / Bears say

SPX delivered Q3 2025 revenue of $592.8 million (up 22.6% YoY) and adjusted EPS of $1.84 (up 32.4%), both ahead of consensus, prompting management to raise full-year revenue guidance to $2.225–$2.275 billion and adjusted EBITDA to $495–$515 million.
SPX's Q1 2025 backlog grew, with the HVAC segment at $451 million and Detection & Measurement backlog at $346 million (up 56% sequentially), offering solid revenue visibility for 2025–2026.
SPX's Q3 2025 net operating cash flow increased 39% YoY to $106.8 million from $77.0 million, showing strong cash generation to support strategic investments and debt reduction.
Q1 2025 total debt jumped 56% to $960.3 million, pushing the net debt/EBITDA ratio up to 1.9x from 1.0x in Q4 2024, raising concerns over financial leverage amid aggressive M&A activity.
The Detection & Measurement segment recorded a 6.9% organic revenue decline in Q1 2025, pointing to end-market cyclicality and potential integration issues with recent acquisitions.
Tariff-driven raw material cost increases, estimated at around $6 million for FY2025, cannot be fully passed on to existing Detection & Measurement backlog projects, which could squeeze margins in the near term.
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2025.

SPX Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

SPX Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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