SPX Technologies (NYSE:SPXC) Posts Earnings Results, Beats Estimates By $0.14 EPS

SPX Technologies (NYSE:SPXC) issued its quarterly earnings results on Thursday. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14, FiscalAI reports. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $558.55 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. SPX Technologies updated its FY 2026 guidance to 7.750-8.150 EPS.

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

• SPX delivered a strong Q1 — adjusted EPS +22% to $1.69, revenue +17.4% and adjusted EBITDA +23% — and raised full‑year adjusted EPS midpoint by $0.15 to $7.95 (guidance implies ~21% adjusted EBITDA growth).
• Data center demand is driving HVAC strength (HVAC revenue +22%, backlog $755M, organic backlog +38%), and management is expanding capacity (Olathe, TAMCO Tennessee, Madison AL) to support substantially higher data‑center volumes.
• Changes to the Section 232 tariffs create a near‑term headwind — a roughly $10M gross cost (company expects to offset ~50% via pricing), a $0.05–$0.10 EPS impact concentrated in Q2, and minimal expected impact in 2027.
• Detection & Measurement showed margin leverage (revenue +8.3%, segment income +28%, margin +410bps) driven by expanded high‑margin software work and new offerings like Locate Performance Management, which helped lift the company outlook.
• Financial flexibility is intact — $158M cash, $674M debt (leverage ~0.9x), ~$60M proceeds from a divestiture and an active M&A pipeline — leaving room for accretive deals; recent acquisitions (Air Enterprises, Rahn, Thermolec, KTS) are integrating as planned.

SPX Technologies Price Performance

NYSE:SPXC traded up $7.57 during mid-day trading on Thursday, hitting $218.93. 878,812 shares of the stock traded hands, compared to its average volume of 445,340. The business’s 50-day moving average price is $212.45 and its 200 day moving average price is $211.55. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.99 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. SPX Technologies has a 12-month low of $134.27 and a 12-month high of $246.68.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPXC. Advisory Services Network LLC bought a new position in shares of SPX Technologies in the third quarter worth $74,000. Danske Bank A S purchased a new position in SPX Technologies during the third quarter worth about $75,000. Johnson Financial Group Inc. purchased a new position in SPX Technologies during the third quarter worth about $76,000. Kemnay Advisory Services Inc. bought a new position in SPX Technologies in the 4th quarter worth about $81,000. Finally, Empowered Funds LLC purchased a new stake in shares of SPX Technologies in the 4th quarter valued at about $83,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPXC shares. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. TD Cowen reissued a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Truist Financial upped their price target on shares of SPX Technologies from $244.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Oppenheimer lifted their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company lowered their target price on shares of SPX Technologies from $270.00 to $225.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.56.

About SPX Technologies

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.