Q1 25 EPS
$1.38
BEAT +17.57%
Est. $1.17
Q1 25 Revenue
$482.6M
BEAT +0.30%
Est. $481.2M
vs S&P Since Q1 25
+44.2%
BEATING MARKET
SPXC +73.6% vs S&P +29.4%
Market Reaction
Did SPXC Beat Earnings? Q1 2025 Results
SPX Technologies posted a strong first quarter of 2025, delivering adjusted EPS of $1.38, a 10.4% year-over-year increase, on consolidated revenue of $482.60 million, which grew 3.7% from the prior-year period. The real engine behind the quarter was … Read more SPX Technologies posted a strong first quarter of 2025, delivering adjusted EPS of $1.38, a 10.4% year-over-year increase, on consolidated revenue of $482.60 million, which grew 3.7% from the prior-year period. The real engine behind the quarter was the HVAC segment, where revenue climbed 6.8% to $323.00 million as heating product volumes normalized following an unseasonably warm comparison period a year earlier, with the Ingénia acquisition adding further lift. The Detection & Measurement segment faced headwinds, with revenue slipping 2.0% to $159.60 million due to lower project volumes, though its margin expanded a notable 360 basis points to 22.9%, illustrating the company's ability to protect profitability even in a softer revenue environment. Adjusted EBITDA rose 11.5% to $102.60 million, reflecting broad-based margin expansion. Management raised its full-year 2025 outlook, now guiding for revenue of $2.20 billion to $2.26 billion and adjusted EPS of $6.10 to $6.40, incorporating the April acquisition of Sigma & Omega and the net impact of current tariff measures, though future trade policy shifts remain an open variable.
Key Takeaways
- • Normalization of heating product volumes in HVAC after unseasonably warm prior-year comparison
- • Inorganic revenue contribution from Ingénia and KTS acquisitions
- • Favorable product mix in communication technologies within Detection & Measurement
- • Strong margin expansion — consolidated segment income margin up 140 bps to 22.9%
- • Detection & Measurement segment income margin expanded 360 bps despite organic revenue decline
SPXC YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
SPXC Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm very pleased with our strong start to 2025. Our Q1 performance included solid growth in our key profit measures and favorable margin performance in both segments. During the quarter, we maintained our focus on strong operational execution and worked hard to position the company for a variety of macroeconomic scenarios. We also continued to advance our value creation initiatives, including new product introductions and continuous improvement.”
— Gene Lowe, Q1 2025 Earnings Press Release
SPXC Earnings Trends
SPXC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SPXC EPS Trend
Earnings per share: estimate vs actual
SPXC Revenue Trend
Quarterly revenue: estimate vs actual
SPXC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.56 | $1.69 | +8.28% | $566.8M | +1.64% |
| Q4 25 BEAT FY | $1.87 | $1.88 | +0.67% | $637.3M | +1.81% |
| FY Full Year | $6.74 | $6.76 | +0.24% | $2.27B | +0.51% |
| Q3 25 BEAT | $1.62 | $1.84 | +13.85% | $592.8M | +2.83% |
| Q2 25 BEAT | $1.45 | $1.65 | +13.61% | $552.4M | +1.12% |
| Q1 25 BEAT | $1.17 | $1.38 | +17.57% | $482.6M | +0.30% |