Q3 25 EPS
$1.84
BEAT +13.85%
Est. $1.62
Q3 25 Revenue
$592.8M
BEAT +2.83%
Est. $576.5M
vs S&P Since Q3 25
+11.8%
BEATING MARKET
SPXC +19.3% vs S&P +7.5%
Market Reaction
Did SPXC Beat Earnings? Q3 2025 Results
SPX Technologies posted a standout third quarter, with adjusted EPS of $1.84 beating the $1.62 Wall Street consensus by 13.85% and revenue climbing 22.6% year-over-year to $592.80 million, ahead of the $576.51 million estimate by 2.83%. The primary e… Read more SPX Technologies posted a standout third quarter, with adjusted EPS of $1.84 beating the $1.62 Wall Street consensus by 13.85% and revenue climbing 22.6% year-over-year to $592.80 million, ahead of the $576.51 million estimate by 2.83%. The primary engine behind the quarter was a surging Detection & Measurement segment, where revenue jumped 38.4% to $205.40 million on 26.5% organic growth, fueled by elevated project volumes in communication technologies, while the HVAC segment contributed steady 15.5% revenue growth to $387.40 million. Adjusted EBITDA expanded 30.9% to $136.10 million, with margins widening 150 basis points to 23.0%, reflecting both operating leverage and contributions from recent acquisitions including Sigma & Omega and Kranze Technology Solutions. The company also meaningfully reduced total debt to $501.60 million following a refinancing and equity offering that generated $551.10 million in net proceeds. On the strength of the quarter, management raised adjusted EPS guidance to $6.65–$6.80 for full-year 2025, representing approximately 21% year-over-year growth at the midpoint, while maintaining revenue guidance at $2.23–$2.28 billion.
Key Takeaways
- • Higher volumes of both heating and cooling products driven by continued strength in demand
- • Higher throughput from increased production capacity in HVAC
- • Higher project volumes within communication technologies business in D&M
- • Strong contributions from recent acquisitions (Sigma & Omega, KTS)
- • Operating leverage on fixed costs, particularly within SG&A
- • 14.3% consolidated organic revenue growth
- • 8.2% inorganic revenue contribution from acquisitions
SPXC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SPXC Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm very pleased with the strength of our third quarter results, which reflect significant year-over-year profit and margin growth in both segments. We continue to generate momentum in key end markets, optimize operational efficiencies across our businesses, and drive strong contributions from our recent acquisitions.”
— Gene Lowe, Q3 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% |