SPX Technologies reports Q1 adjusted EPS $1.38, consensus $1.17

Reports Q1 revenue $482.6M, consensus $481.18M. Gene Lowe, CEO, remarked, “I’m very pleased with our strong start to 2025. Our Q1 performance included solid growth in our key profit measures and favorable margin performance in both segments. During the quarter, we maintained our focus on strong operational execution and worked hard to position the company for a variety of macroeconomic scenarios. We also continued to advance our value creation initiatives, including new product introductions and continuous improvement. In April, we further strengthened our HVAC segment with the acquisition of Sigma & Omega, whose vertical stack heat pumps and commercial self-contained units are highly complementary to our existing heating and cooling product portfolios. We see numerous opportunities to leverage our combined channels to drive additional growth.”