Companies /Industrials

SPX Technologies Inc

NYSE: SPXC Building Products & Equipment
$198.73
▼ $6.55 (−3.19%) today
Markets closed · 10:21pm ET

Q4 2025 Earnings

Reported Feb 24, 2026, 4:08pm ET · SEC source
$1.88
Beat +0.67%
EPS · est. $1.87
$637.3M
Beat +1.81%
Revenue · est. $626.0M
−3.2%
Trailing market
SPXC vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−9%−6%−3%0Feb 24Feb 25report 4:08pm ETearnings+0.9%−5.4%
−9%−6%−3%0Feb 24Feb 25earnings+0.9%−5.4%
SPXC −5.4%S&P 500 +0.9%
−8%−4%0Feb 24Feb 25report 4:08pm ETearnings+1.5%−5.4%
−8%−4%0Feb 24Feb 25earnings+1.5%−5.4%
SPXC −5.4%NASDAQ +1.5%
−12%−8%−4%0Feb 23Mar 4report 4:08pm ETearnings−0.2%−8.6%
−12%−8%−4%0Feb 23Mar 4earnings−0.2%−8.6%
SPXC −8.6%S&P 500 −0.2%
−12%−8%−4%0Feb 23Mar 4report 4:08pm ETearnings+0.6%−8.6%
−12%−8%−4%0Feb 23Mar 4earnings+0.6%−8.6%
SPXC −8.6%NASDAQ +0.6%
−6.74%
Day of report
+2.18%
Next session
−2.03%
One week
−11.76%
30 days

S&P 500 over the same 30 days: −8.52%.

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% 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.

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

“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

Forward Guidance & Outlook

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

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$200.0M$400.0M$600.0M$533.7M$637.3MRevenue$218.1M$253.4MGross Profit$90.2M$100.1MOperating Income$57.1M$77.9MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

SPXC Revenue by Segment

HVAC$431.1M+16.4%
Detection & Measurement$206.2M+26.3%

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