Companies /Industrials

SPX Technologies Inc

NYSE: SPXC Building Products & Equipment
$198.73
▼ $6.55 (−3.19%) today
Markets closed · 7:23am ET

Q2 2025 Earnings

Reported Jul 31, 2025, 4:11pm ET · SEC source
$1.65
Beat +13.61%
EPS · est. $1.45
$552.4M
Beat +1.12%
Revenue · est. $546.3M
−10.5%
Trailing market
SPXC vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0+3%Jul 31Aug 1report 4:11pm ETearnings−1.5%+2.8%
−6%−3%0+3%Jul 31Aug 1earnings−1.5%+2.8%
SPXC +2.8%S&P 500 −1.5%
−6%−3%0+3%Jul 31Aug 1report 4:11pm ETearnings−1.8%+2.8%
−6%−3%0+3%Jul 31Aug 1earnings−1.8%+2.8%
SPXC +2.8%NASDAQ −1.8%
−4%0+4%+8%Jul 30Aug 8report 4:11pm ETearnings+1.0%+5.5%
−4%0+4%+8%Jul 30Aug 8earnings+1.0%+5.5%
SPXC +5.5%S&P 500 +1.0%
−4%0+4%+8%Jul 30Aug 8report 4:11pm ETearnings+2.0%+5.5%
−4%0+4%+8%Jul 30Aug 8earnings+2.0%+5.5%
SPXC +5.5%NASDAQ +2.0%
+7.66%
Day of report
+2.35%
Next session
+2.65%
One week
−6.98%
30 days

S&P 500 over the same 30 days: +3.54%.

Did SPXC Beat Earnings? Q2 2025 Results

SPX Technologies posted a strong second quarter in 2025, with adjusted EPS of $1.65 rising 16.2% year-over-year and consolidated revenue climbing 10.2% to $552.40 million — a result that reflected both disciplined execution and the meaningful lift from recent acquisitions. The company's Detection & Measurement segment led the way, with revenue surging 21.3% to $175.70 million on the strength of the KTS acquisition and solid organic demand in communication technologies and transportation systems. The HVAC segment, meanwhile, expanded margins by 190 basis points to 25.4% on a more accretive product mix, even as organic growth remained modest at 0.7%. Adjusted EBITDA grew 16.3% to $126.70 million, with margins widening 120 basis points to 22.9%. Management responded to the momentum by raising full-year 2025 guidance, now targeting revenue of $2.23 billion to $2.27 billion, adjusted EBITDA of $485 million to $510 million, and adjusted EPS of $6.35 to $6.65 — with capacity expansion initiatives and the new OlympusV Max data center cooling solution positioned to extend that trajectory into 2026.

Key Takeaways
  • Higher volumes of both heating and cooling products in HVAC segment
  • More accretive product mix and favorable project execution in cooling products
  • Higher project volumes in communication technologies and transportation systems businesses
  • Strong contributions from recent acquisitions (Sigma & Omega and KTS)
  • Organic revenue growth of 2.1% consolidated, with 7.8% inorganic contribution from acquisitions

“I'm very pleased with our second quarter results, which included significant year-over-year profit growth in both segments and strong margin performance—particularly in our HVAC segment. We continue to see solid demand in key end markets, execute well operationally across our businesses, and see strong contributions from our recent acquisitions.”

SPX Technologies CEO, on the earnings call

Forward Guidance & Outlook

SPX raised its full-year 2025 guidance: revenue of $2.225 to $2.275 billion (up ~13% YoY at midpoint, prior $2.20–$2.26 billion), adjusted EBITDA of $485 to $510 million (up ~18% YoY at midpoint, prior $470–$495 million), and adjusted EPS of $6.35 to $6.65 (up ~16% YoY at midpoint, prior $6.10–$6.40). Segment-level guidance: HVAC revenue of $1,500–$1,530 million with 24.25%–24.75% segment income margin; Detection & Measurement revenue of $725–$745 million with 21.75%–23.00% segment income margin. Consolidated segment income margin guided at 23.40%–24.20%. Management expressed confidence in customer demand strength and operational momentum for the second half of 2025, with growth initiatives in Engineered Air Movement capacity expansion and OlympusV Max data center cooling expected to support 2026 and beyond.

SPXC YoY Financials

Revenue$552.4M
Gross Profit$228.9M
Operating Income$86.6M
Net Income$52.2M

SPXC Revenue by Segment

HVAC$376.7M+5.7%
Detection & Measurement$175.7M+21.3%

Figures from SEC filings and company reports. Not investment advice.