SPX Technologies Reports Strong Q1 2025 Results

SPX Corporation ( (SPXC) ) has released its Q1 earnings. Here is a breakdown of the information SPX Corporation presented to its investors.

SPX Technologies, Inc., a diversified global supplier of engineered products, operates primarily in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, the company is listed on the New York Stock Exchange under the ticker symbol ‘SPXC.’

In its first-quarter 2025 earnings report, SPX Technologies reported a revenue increase of 3.7% to $482.6 million compared to the same period last year. The company also saw a rise in GAAP income from continuing operations by 5.1%, reaching $51.7 million, and an adjusted EBITDA increase of 11.5% to $102.6 million.

Key financial highlights include a 10.4% growth in adjusted EPS to $1.38 and a 6.8% revenue growth in the HVAC segment, driven by organic and inorganic factors. The Detection & Measurement segment experienced a 2.0% revenue decline, attributed to lower project volumes, although segment income improved due to a favorable product mix and recent acquisitions.

Looking forward, SPX Technologies has raised its full-year 2025 guidance, anticipating a revenue range of $2.20 to $2.26 billion and an adjusted EBITDA range of $470 to $495 million. The company remains optimistic about healthy demand in core markets and plans to leverage recent acquisitions to drive further growth.