Inferra AI / Company / SPXC
Spx Technologies, Inc.
SPXC · Industrials
Last earnings Oct 29, 2026
Key results
Revenuequarter
$714.5 million
Revenue of $714.5 million, up 20.5% GAAP income from continuing operations of $82.3 million, up 30.4%
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Growthquarter
up 20.5%
Revenue of $714.5 million, up 20.5% GAAP income from continuing operations of $82.3 million, up 30.4%
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
GAAP net incomequarter
$81.9 million
GAAP net income of $81.9 million, up 30.6% GAAP EPS of $1.62 , up 25.6% Adjusted EPS* of $2.21, up 20.1 % Adjusted EBITDA* of $165.7 million, up 21 .
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
EPSquarter
30.6%
GAAP net income of $81.9 million, up 30.6% GAAP EPS of $1.62 , up 25.6% Adjusted EPS* of $2.21, up 20.1 % Adjusted EBITDA* of $165.7 million, up 21 .
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Our HVAC capacity expansion projects remain on track to support approximately $1.1 billion of annual data center revenue capacity at full production, and we recently expanded our cooling platform through the acquisition of FIS Water, further strengthening our position in attractive adjacent markets.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Segment Overview HVAC Three months ended ($ millions) Q3 2026 Q3 2025 Revenue $ 525.0 $ 387.4 Organic 22.3 % Inorganic 13.0 % Currency 0.2 % Total Growth 35.5 % Segment income $ 120.8 $ 94.4 as a percent of revenues 23.0 % 24.4 % Change in bps -140bps Third Quarter 2026 The revenue increase was primarily driven by an organic increase due primarily to (i) higher volumes of cooling equipment, mainly associated with increased data center demand, resulting from increased capacity, and (ii) higher volumes of our heating products and an inorganic increase from the acquisitions of Thermolec, Crawford, Neptronic and FIS Water.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Selling, general, and administrativequarter
$132.7 million
Selling, general and administrative 132.7 117.7 382.0 344.4
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Operating incomequarter
$115.3 million
Operating income 115.3 97.1 318.0 250.3
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Net incomequarter
$81.9 million
Net income $ 81.9 $ 62.7 $ 220.2 $ 166.1
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
AI analysis
Q3 2026 · reported Oct 29, 2026
Based on: Earnings release + parent 8-K — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Oct 29, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $714.5 million | $1.1 billion | — |
| Growth | up 20.5% | — | — |
| GAAP net income | $81.9 million | $78.4 million | — |
| EPS | 30.6% | — | — |
| Selling, general, and administrative | $132.7 million | $129.9 million | — |
| Operating income | $115.3 million | $115.0 million | — |
| Net income | $81.9 million | $78.4 million | — |
Guidance · company-stated
“* range of $625 to $645 million”
“* range of $8.20 to $8.50”
“$ 714.5”
“from continuing operations $ 1.62”
“* $ 157.4”
“* $ 2.21”
“from continuing operations $ 60.1”
“* % HVAC $1,995”
Guidance stated in the release for the full year 2025; figures as stated.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +292.6% computed from stated figures
Event summary
SPX Reports Third Quarter 2026 Results Continued Strong Growth
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Revenue: “Revenue range of $2.745 to $2.805 billion”
Adjusted EBITDA: “Adjusted EBITDA* range of $625 to $645 million”
Adjusted EPS: “Adjusted EPS* range of $8.20 to $8.50”
Revenue: “Revenue $ 714.5”
GAAP EPS: “GAAP EPS from continuing operations $ 1.62”
Adjusted operating income: “Adjusted operating income* $ 157.4”
Adjusted EPS: “Adjusted EPS* $ 2.21”
operating cash flow: “operating cash flow from continuing operations $ 60.1”
Adjusted EBITDA: “Adjusted EBITDA* % HVAC $1,995”
Revenue (“the full year 2025”)
“7% Updated 2026 Guidance (all comparisons against the full year 2025, unless otherwise noted) Revenue range of $2.745 to $2.805 billion, up 23% year-on-year at the midpoint (prior range $2.705 to $2.765 billion).”
Adjusted EBITDA (“the full year 2025”)
“Adjusted EBITDA* range of $625 to $645 million, up 25% year-on-year at the midpoint (prior range $630 to $660 million).”
Adjusted EPS (“the full year 2025”)
“Adjusted EPS* range of $8.20 to $8.50, up 24% year-on-year at the midpoint (prior range $8.20 to $8.60).”
Revenue (“Q3 2025”)
“Third Quarter and Year-to-Date Financial Comparisons ($ millions, except per share data) Q3 2026 Q3 2025 2026 YTD 2025 YTD Revenue $ 714.5 $ 592.8 $ 1,960.3 $ 1,627.8 HVAC segment income 120.8 94.4 319.2 264.1 Detection and Measurement segment income 52.6 51.7 156.6 128.3 Operating income 115.3 97”
GAAP EPS (“Q3 2025”)
“.3 97.1 318.0 250.3 Income from continuing operations 82.3 63.1 226.0 167.3 GAAP net income 81.9 62.7 220.2 166.1 GAAP net income % 11.5 % 10.6 % 11.2 % 10.2 % GAAP EPS from continuing operations $ 1.62 $ 1.29 $ 4.47 $ 3.50 Adjusted operating income* $ 157.4 $ 130.5 Adjusted EBITDA* 165.7 136.1 Adjusted EBITDA %* 23.2 % 23.0 % Adjusted EPS* $ 2.21 $ 1.84 Net o”
Adjusted operating income (“Q3 2025”)
“226.0 167.3 GAAP net income 81.9 62.7 220.2 166.1 GAAP net income % 11.5 % 10.6 % 11.2 % 10.2 % GAAP EPS from continuing operations $ 1.62 $ 1.29 $ 4.47 $ 3.50 Adjusted operating income* $ 157.4 $ 130.5 Adjusted EBITDA* 165.7 136.1 Adjusted EBITDA %* 23.2 % 23.0 % Adjusted EPS* $ 2.21 $ 1.84 Net operating cash flow from continuing operations $ 60.1 $ 1”
Adjusted EPS (“Q3 2025”)
“from continuing operations $ 1.62 $ 1.29 $ 4.47 $ 3.50 Adjusted operating income* $ 157.4 $ 130.5 Adjusted EBITDA* 165.7 136.1 Adjusted EBITDA %* 23.2 % 23.0 % Adjusted EPS* $ 2.21 $ 1.84 Net operating cash flow from continuing operations $ 60.1 $ 106.8 $ 180.3 $ 139.8 Capital expenditures (40.0) (10.4) (79.6) (23.6) Adjusted free cash fl”
operating cash flow (“Q3 2025”)
“2 $ 1.29 $ 4.47 $ 3.50 Adjusted operating income* $ 157.4 $ 130.5 Adjusted EBITDA* 165.7 136.1 Adjusted EBITDA %* 23.2 % 23.0 % Adjusted EPS* $ 2.21 $ 1.84 Net operating cash flow from continuing operations $ 60.1 $ 106.8 $ 180.3 $ 139.8 Capital expenditures (40.0) (10.4) (79.6) (23.6) Adjusted free cash flow* 23.1 90.8 111.0 164.2 * Non-GAAP financial measure.”
Adjusted EBITDA (“the full year 2026”)
“120.8 366.0 2026 Guidance For the full year 2026, SPX now anticipates segment and company performance as follows Revenue Segment Income Margin % Adjusted EPS* Adjusted EBITDA* % HVAC $1,995-$2,035 million ($1,955-$1,995 million prior) 23.10%-23.50% (24.50%-25.00% prior) Detection and Measurement $750-$770 million ($750-$770 million prior) 27.00%-2”
Guidance stated in the release for the full year 2025; figures as stated.
Strategy & priorities
Lowe continued, We also made meaningful progress across our strategic growth initiatives.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Our HVAC capacity expansion projects remain on track to support approximately $1.1 billion of annual data center revenue capacity at full production, and we recently expanded our cooling platform through the acquisition of FIS Water, further strengthening our position in attractive adjacent markets.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
The decrease in segment margin was primarily due to (i) higher growth-related costs, largely labor and supply chain inefficiencies, associated with our volume increases and capacity expansion initiatives, and (ii) the impact of elevated input costs.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
The segment income and segment margin increases were due primarily to (i) a more favorable product mix within our transportation and communication technologies businesses, and (ii) benefits related to our segment synergy initiatives, primarily within our location and inspection and rehabilitation businesses, partially offset by lower income resulting from the organic revenue decline noted above.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Risks & headwinds
Full-year guidance excludes impacts from future acquisitions, dispositions and related transaction costs, incremental impacts of tariffs and trade tensions on market demand and costs subsequent to the date of this release, the impact of foreign exchange rate changes subsequent to September 26, 2026, and environmental and litigation charges.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including the following cyclical changes and specific industry events in our markets changes in anticipated capital investment and maintenance expenditures by customers changes in economic conditions in relevant global and North American markets, including as a result of geopolitical conflicts, including the armed conflicts in the Middle East and related impacts on shipping in that region, the imposition, or threat of imposition of tariffs, including any new or increased tariffs announced by the U.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
government and any retaliatory tariffs announced in response thereto, and other trade barriers or international trade tensions availability, limitations or cost increases of raw materials and or commodities, including as a result of geopolitical conflicts or new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, that cannot be recovered in product pricing the impact of competition on profit margins and our ability to maintain or increase market share risks with respect to our contracts with the U.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
What changed vs prior quarter
Revenue — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Selling, general, and administrative — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Operating income — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Spx Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q3 2026
- 8-KSPXC
Oct 29, 2026
- Q2 2026
- 10-QSPXC
Jul 31, 2026
- 8-KSPXC
Jul 30, 2026
- 8-KSPXC
Jul 27, 2026
- EX-99SPXC
Jul 27, 2026
- Q1 2026
- 8-KSPXC
Jun 22, 2026
- 8-KSPXC
May 12, 2026
- 10-QSPXC
- 8-KSPXC
Apr 30, 2026
- Q4 2025
- 10-KSPXC
Feb 25, 2026
- 8-KSPXC
Feb 24, 2026
- 8-KSPXC
Feb 2, 2026
- Q3 2025
- 10-QSPXC
Oct 31, 2025
- 8-KSPXC
Oct 30, 2025
- Q2 2025
- 8-KSPXC
Sep 11, 2025
- 8-KSPXC
Aug 14, 2025
- 10-QSPXC
- 8-KSPXC
Jul 31, 2025
- Q1 2025
- 8-KSPXC
May 13, 2025
- 10-QSPXC
- 8-KSPXC
May 1, 2025
- Q4 2024
- 10-KSPXC
Feb 26, 2025
- 8-KSPXC
Feb 25, 2025
- Q3 2024
- 10-QSPXC
Oct 31, 2024
- 8-KSPXC
Oct 30, 2024
- Q2 2024
- 8-KSPXC
Sep 3, 2024
- 10-QSPXC
- 8-KSPXC
Aug 1, 2024
- Q1 2024
- 8-KSPXC
May 14, 2024
- 10-QSPXC
- 8-KSPXC
May 2, 2024
- Q4 2023
- 10-KSPXC
Feb 23, 2024
Earnings releases
11 documentsPresentations
0 documentsNo presentations for Spx Technologies, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Spx Technologies, Inc. are held in this edition of the library.
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