SPX Technologies reports Q1 adjusted EPS $1.69, consensus $1.56

Reports Q1 revenue $566.8M, consensus $557.63M. Gene Lowe, President and CEO, remarked, “We had a strong start to the year with growth in income from continuing operations and Adjusted EBITDA in excess of 20%. We continue to see healthy demand across our key end markets and realize strong contributions from recent acquisitions. To reflect our strong first quarter performance and outlook for the remainder of the year, we are raising our full year guidance to reflect Adjusted EBITDA growth of 21% at the midpoint.”