SPX Corporation ( (SPXC) ) has released its Q2 earnings. Here is a breakdown of the information SPX Corporation presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SPX Technologies, Inc. is a global supplier of highly engineered products and technologies, primarily operating in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, the company is known for its diversified product range and global reach.
In its second-quarter 2025 earnings report, SPX Technologies announced a significant increase in revenue and profits compared to the previous year, alongside an upward revision of its full-year guidance. The company highlighted strong performance across its segments, particularly in HVAC, and noted successful integration of recent acquisitions.
Key financial metrics for the quarter included a 10.2% increase in revenue to $552.4 million, a 16.2% rise in GAAP income from continuing operations to $52.5 million, and a 16.3% increase in adjusted EBITDA to $126.7 million. The company also reported a 14.6% increase in GAAP EPS to $1.10 and a 16.2% rise in adjusted EPS to $1.65. SPX Technologies attributed these gains to strong demand in key markets and operational efficiencies.
Looking forward, SPX Technologies has raised its full-year 2025 guidance, expecting revenue between $2.225 billion and $2.275 billion, and adjusted EBITDA between $485 million and $510 million. The company remains optimistic about continued demand and operational momentum, supported by its strategic growth initiatives and new product introductions.
Overall, SPX Technologies is poised for continued growth, driven by strong market demand and strategic investments in capacity expansion and product innovation.