SPX Technologies (NYSE:SPXC) Posts Earnings Results, Beats Expectations By $0.02 EPS

SPX Technologies (NYSE:SPXC) issued its quarterly earnings results on Tuesday. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02, FiscalAI reports. The business had revenue of $637.30 million during the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a net margin of 10.33% and a return on equity of 18.68%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. SPX Technologies updated its FY 2026 guidance to 7.600-8.000 EPS.

Here are the key takeaways from SPX Technologies’ conference call:

• SPX closed 2025 with strong results, growing full‑year adjusted EBITDA and adjusted EPS by 21%, Q4 revenue +19.4%, Q4 adjusted EPS +25% to $1.88 and full‑year adjusted EPS of $6.76 (near the top of guidance).
• The company introduced 2026 guidance that implies roughly 20% adjusted EBITDA growth at the midpoint, with revenue guidance of $2.535B–$2.605B and adjusted EPS of $7.60–$8.00.
• SPX plans to invest about $100M of HVAC capacity expansion in 2026 (plus ~$60M in 2025) and expects these projects to enable roughly $700 million of incremental capacity at full production to support data center and custom air handling demand, noting full ramp will take multiple years.
• Management completed strategic HVAC acquisitions — Thermelec, Air Enterprises and Rahn Industries — which add roughly $110M of annual revenue run‑rate and broaden electric heat, custom air handling and coil capabilities.
• Detection & Measurement ended the year with a record backlog of $350 million (≈+43% organic) and expects margin improvement in 2026, but growth is modestly impacted by a ~$20M project that was pulled into 2025, creating a near‑term ~5% revenue headwind for 2026.

SPX Technologies Price Performance

Shares of SPX Technologies stock traded down $17.02 during trading on Wednesday, hitting $226.02. The stock had a trading volume of 97,601 shares, compared to its average volume of 404,311. The business has a fifty day moving average of $216.86 and a two-hundred day moving average of $204.33. SPX Technologies has a fifty-two week low of $115.00 and a fifty-two week high of $246.68. The firm has a market cap of $11.26 billion, a P/E ratio of 48.00, a PEG ratio of 1.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 1.70.

Trending Headlines about SPX Technologies

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 beat on both EPS and revenue — SPX reported $1.88 EPS vs. consensus ~$1.86 and revenue of $637.3M vs. ~$626M, showing a small upside to estimates that supports the stock move. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Solid revenue growth and healthy margins — Q4 revenue rose ~19.4% year‑over‑year; net margin (~10.3%) and ROE (~18.7%) indicate profitable expansion, which investors often reward. MarketBeat Q4 Summary
• Neutral Sentiment: FY2026 guidance provided and roughly in line with consensus — management set EPS guidance of $7.60–$8.00 and revenue guidance of $2.5B–$2.6B; the range includes the Street estimate (~$7.69 EPS) so guidance is not a clear surprise, but the upper end provides upside potential. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Neutral Sentiment: Earnings call commentary and detail available — management discussed segment trends and backlog on the call/transcript; useful for analysts but largely confirms the published results rather than changing the outlook. Earnings Call Transcript
• Negative Sentiment: Beat was modest — the EPS beat was only $0.02 and some investors may view results as only marginally better than expectations, which could cap further upside if analysts expected a larger beat or clearer guidance lift. Zacks: Beats Q4 Earnings and Revenue Estimates

Insider Buying and Selling

In other news, insider J Randall Data sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of SPX Technologies by 62.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $71,000 after acquiring an additional 164 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of SPX Technologies in the 3rd quarter valued at $74,000. Danske Bank A S purchased a new position in SPX Technologies in the 3rd quarter worth about $75,000. Johnson Financial Group Inc. acquired a new stake in SPX Technologies during the 3rd quarter worth about $76,000. Finally, NewEdge Advisors LLC raised its holdings in SPX Technologies by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock worth $80,000 after buying an additional 112 shares during the period. Institutional investors own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

SPXC has been the subject of several recent research reports. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $240.00 to $280.00 in a report on Friday, February 13th. Truist Financial raised their price target on SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $225.29.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.