SPX Technologies (SPXC) Q4 2025 Earnings
How Did SPXC Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −8.52%.
Did SPXC Beat Earnings? Q4 2025 Results
Yes. SPX Technologies reported Q4 2025 earnings of $1.88 a share on Feb 24, 2026, beating the $1.87 consensus estimate by 0.7%. Revenue was $637.3M against a $626.0M estimate.
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 <a href="https://247wallst.com/investing/2026/02/03/stock-market-live-february-3-2026-sp-500-spy-soaring-on-ai-strength/">AI-driven infrastructure demand</a> 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.
- 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
“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.”
SPX Technologies CEO, on the earnings call
What Was SPX Technologies's Outlook in Q4 2025?
For full-year 2026, SPX guides revenue of $2.535 to $2.605 billion (~13% YoY growth at midpoint), adjusted EBITDA of $590 to $620 million (~20% YoY growth), and adjusted EPS of $7.60 to $8.00 (~15% YoY growth). HVAC segment revenue is expected at $1,800–$1,840 million with segment income margin of 24.50%–25.00%. Detection & Measurement revenue is expected at $735–$765 million with segment income margin of 24.75%–25.25%. Consolidated segment income margin is guided at 24.60%–25.10%. Guidance excludes impacts from future acquisitions, incremental tariff and trade tension impacts, FX changes after December 31, 2025, and environmental/litigation charges.
SPXC YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $637.3M | $533.7M | +19.4% |
| Gross Profit | $253.4M | $218.1M | +16.2% |
| Operating Income | $100.1M | $90.2M | +11.0% |
| Net Income | $77.9M | $57.1M | +36.4% |
SPXC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.