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SPX Technologies

SPXC Q4 2025 Earnings

Reported Feb 24, 2026 at 4:08 PM ET · SEC Source

Q4 25 EPS

$1.88

BEAT +0.67%

Est. $1.87

Q4 25 Revenue

$637.3M

BEAT +1.81%

Est. $626.0M

vs S&P Since Q4 25

-6.9%

TRAILING MARKET

SPXC -1.2% vs S&P +5.8%

Full Year 2025 Results

FY 25 EPS

$6.76

BEAT +0.24%

Est. $6.74

FY 25 Revenue

$2.27B

BEAT +0.51%

Est. $2.25B

Market Reaction

Did SPXC Beat Earnings? Q4 2025 Results

SPX Technologies capped fiscal 2025 on a strong note, reporting Q4 adjusted EPS of $1.88 against a consensus estimate of $1.87, a modest but clean beat, while revenue of $637.30 million topped expectations of $625.88 million by 1.82% and climbed 19.4… Read more SPX Technologies capped fiscal 2025 on a strong note, reporting Q4 adjusted EPS of $1.88 against a consensus estimate of $1.87, a modest but clean beat, while revenue of $637.30 million topped expectations of $625.88 million by 1.82% and climbed 19.4% year-over-year. The dual-engine growth story was the defining theme: the HVAC segment contributed $431.10 million in Q4 revenue, rising 16.4% as expanded production capacity and the Sigma & Omega acquisition lifted volumes, while Detection & Measurement added $206.20 million on 26.3% growth anchored by the KTS deal. Adjusted EBITDA reached $142.00 million in the quarter, pushing the full-year total to $507.40 million. With AI-driven infrastructure demand reinforcing the HVAC growth thesis, management guided 2026 revenue of $2.54 billion to $2.60 billion and adjusted EPS of $7.60 to $8.00, though some analysts have flagged questions around margin sustainability and organic growth quality as the company integrates its recent acquisitions.

Key Takeaways

  • • Higher volumes of heating and cooling products driven by continued strength in demand
  • • Higher throughput from increased production capacity
  • • Operating leverage from revenue growth
  • • Strong contributions from recent acquisitions (KTS, Sigma & Omega)
  • • More accretive mix and favorable project execution in cooling products business
  • • Organic revenue growth of 7.6% consolidated in Q4
  • • Inorganic revenue contribution of 10.9% in Q4
24/7 Wall St

SPXC YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

SPXC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“I'm very pleased with our fourth quarter and full-year 2025 results, including Adjusted EBITDA* and Adjusted EPS* growth in excess of 20%. We continue to see healthy demand across our key end markets, execute well operationally, and realize strong contributions from recent acquisitions.”

— Gene Lowe, Q4 2025 Earnings Press Release

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