SPX Technologies, Inc. is a supplier of engineered products and technologies in the HVAC and detection and measurement markets. The company was founded in 1912 and is headquartered in Charlotte, NC.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

SPX (SPXC) exceeds Q4 expectations, eyes growth through digital initiatives

SPX (SPXC) delivered strong Q4 2022 results, with revenue and margin growth in key segments and a positive outlook for 2023.
The company's focus on digital initiatives and new CFO appointment position it well for future growth.
Challenges include working capital normalization and questions on sales outlook and margin guidance.
Opportunities lie in cooling product opportunities, digital initiatives, and long-term revenue stream building.

SPX Technologies excels in Q1, eyes growth through strategic acquisitions

SPX Technologies reported exceptional Q1 results, with strong revenue growth and margin expansion in the HVAC segment. Acquisitions and strategic initiatives are set to drive further growth, while challenges around potential recession impacts and labor competition persist. The company remains optimistic about future opportunities and is well-positioned for continued success.

SPX Technologies excels in Q2, raises guidance amid growth prospects

SPX Technologies delivered impressive Q2 results, raising full-year adjusted EPS guidance and positioning for continued growth. Executives expressed confidence in future growth, addressing pricing power, demand trends, and acquisitions progress. The company remains positive about opportunities in key segments and is focused on margin sustainability.

SPX Technologies reports strong Q3 growth and eyes future opportunities

SPX Technologies demonstrated robust growth in Q3, raising full-year guidance and showcasing strength in key segments.
While challenges like managing debt and evolving standards exist, the company is well-positioned to capitalize on growth opportunities.
With a focus on innovation, sustainability, and strategic partnerships, SPX is poised for continued success in the future.
Investors can be optimistic about SPX's performance and strategic direction, supported by strong financial metrics and growth prospects.

SPX Technologies posts strong Q4 results, eyes growth opportunities

SPX Technologies reported a robust Q4 performance with significant growth in adjusted EBITDA and EPS, driven by strategic acquisitions.
While facing challenges such as organic revenue decline and margin pressures, the company remains well-positioned for future growth.
Opportunities lie in leveraging recent acquisitions, improving organic growth strategies, and optimizing capital structure for sustained success.
Overall, SPX's financial strength, operational efficiency, and strategic guidance for 2024 signal a positive outlook for investors.

SPX (SPXC) reports strong Q1 performance, raises full-year guidance

SPX (SPXC) delivered a robust Q1 performance with significant revenue and profit growth, prompting an increase in full-year guidance. While challenges exist in maintaining growth and managing debt, the company's strategic focus on key segments and financial discipline position it well for future opportunities.

SPX Technologies excels in Q2, raises full-year guidance

SPX Technologies had a robust Q2, marked by significant revenue and profit growth, particularly in the HVAC segment. Despite challenges in the Detection & Measurement segment, the company's strategic initiatives and product successes are positioning it for continued success. With improved guidance and a focus on innovation, SPX is poised for sustained growth.

SPX Technologies reports robust Q3 results, eyes sustainable growth strategies

SPX Technologies demonstrated strong financial performance in Q3 2024, driven by robust revenue growth in the HVAC segment and improved margins despite challenges in the Detection & Measurement segment.
Maintaining guidance and focusing on sustainability initiatives indicate a proactive approach to future growth and market adaptation, while addressing analyst inquiries reflects transparency and strategic planning.
With a solid financial position, strategic focus on growth areas, and opportunities for expansion and innovation, SPX Technologies is poised for continued success and value creation in the market.

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SPX Technologies, Inc. engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets. The Detection and Measurement segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, fare collection systems, communication technologies, and obstruction lighting. The company was founded in 1912 and is headquartered in Charlotte, NC.

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SPX (SPXC) Q2 Earnings and Revenues Surpass Estimates

Q2 GAAP EPS of $0.62; Adjusted EPS* of $0.64   Balanced Portfolio Supported Strong Q2 Results  Successfully Navigating COVID-19 Challenges

SPX Reports Second Quarter 2020 Results

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SPX shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

IBD Rating Upgrades: SPX Shows Improved Relative Price Strength

CHARLOTTE, N.C., July  16, 2020  (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced the appointment of James (“Jamie”) E. Harris as Vice President, Chief Financial Officer and Treasurer, effective August 17, 2020. Mr. Harris joins SPX with extensive executive leadership experience, including more than 20 years in Chief Financial Officer and board of director positions, largely with public companies.  Scott Sproule, who is retiring from his role as Vice President, Chief Financial Officer and Treasurer, continues to serve as an officer of SPX and will remain with the company during the transition period. 

SPX Announces Appointment of Jamie Harris as Chief Financial Officer

CHARLOTTE, N.C., July  09, 2020  (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it will release its second quarter 2020 financial results after market close on Thursday, July 30, 2020.

SPX to Report Second Quarter 2020 Financial Results on July 30th

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SPX (SPXC) delivered earnings and revenue surprises of 16.98% and 2.55%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

SPX (SPXC) Q1 Earnings and Revenues Beat Estimates

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SPX (SPXC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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CHARLOTTE, N.C., Feb.  26, 2020  (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced that Scott Sproule, Vice President, Chief Financial Officer and Treasurer plans to retire in late 2020 or early 2021. The company has initiated a search for his successor. Mr. Sproule is committed to supporting a smooth transition period and remaining in his role over the course of the next year.

SPX Announces Planned Retirement of Scott Sproule, Chief Financial Officer and Treasurer

SPX (SPXC) delivered earnings and revenue surprises of 2.13% and 1.33%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

SPX (SPXC) Q4 Earnings and Revenues Top Estimates

SPX (SPXC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

SPX (SPXC) Hits Fresh High: Is There Still Room to Run?

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SPX (SPXC) Hits 52-Week High, Can the Run Continue?

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SPX Announces New Board Member

CHARLOTTE, N.C., Aug.  22, 2019  (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that Paul Clegg, Vice President, Investor Relations and Communications, will present at the Midwest IDEAS Conference on Thursday, August 29th, 2019, in Chicago, IL. SPXC’s presentation will begin at 7:55 am CT, will be webcast live and may be accessed at the conference website, www.IDEASConferences.com, or in the Investor Relations section of SPX’s website www.spx.com. A replay of the webcast will be accessible on the website for approximately 30 days.

SPX to Present at the Midwest IDEAS Conference on August 29th in Chicago

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SPX Corporation (SPXC) CEO Gene Lowe on Q1 2019 Results - Earnings Call Transcript

Does SPX (SPXC) have what it takes to be a top stock pick for momentum investors? Let's find out.

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