SPX Corporation ( (SPXC) ) has released its Q3 earnings. Here is a breakdown of the information SPX Corporation presented to its investors.
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SPX Technologies, Inc., a diversified global supplier of engineered products, primarily operates in the HVAC and detection and measurement markets. The company, headquartered in Charlotte, North Carolina, reported robust financial results for the third quarter of 2025, with significant increases in revenue and earnings compared to the previous year. SPX Technologies reported a 22.6% increase in revenue, reaching $592.8 million, and a 24% rise in GAAP income from continuing operations, amounting to $63.1 million. The company’s adjusted EPS grew by 32.4% to $1.84, while adjusted EBITDA increased by 30.9% to $136.1 million. These results were driven by strong demand in key markets and successful integration of recent acquisitions.
The company’s HVAC segment saw a 15.5% revenue growth, driven by increased demand for heating and cooling products and the acquisition of Sigma & Omega. Meanwhile, the Detection & Measurement segment experienced a remarkable 38.4% revenue growth, fueled by higher project volumes in communication technologies and the acquisition of KTS. SPX Technologies also improved its financial position by reducing total debt and increasing cash reserves, allowing for greater investment in growth opportunities.
Looking ahead, SPX Technologies has raised its full-year 2025 guidance, expecting revenue to remain between $2.225 and $2.275 billion, with an adjusted EBITDA range of $495 to $515 million, reflecting a 20% year-over-year increase at the midpoint. The company remains confident in its operational momentum and customer demand, positioning itself for continued growth in the coming quarters.