SPX (SPXC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.88

Last Year’s EPS

1.65

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a strongly positive operational and financial picture: solid top-line growth (total revenue +17.4% YoY), double-digit profit expansion (adjusted EBITDA +23%, adjusted EPS +22%), strengthened guidance, margin expansion at the consolidated level, meaningful data-center momentum, new product rollouts and progressing capacity expansions. Challenges were limited and largely manageable: HVAC margin pressure from expected start‑up costs (~$8M–$9M), a modest tariff-driven EPS headwind ($0.05–$0.10), a small dip in D&M backlog, modest Q1 free cash flow, and exposure to input-cost inflation. Overall, the positives — including raised guidance, strong margins in D&M, robust data center demand and a healthy balance sheet with low leverage and an active M&A pipeline — outweigh the headwinds, and management articulated clear mitigation plans.

Company Guidance

SPX raised 2026 adjusted EPS guidance by $0.15 to a midpoint of $7.95 and said the update implies roughly 21% adjusted EBITDA growth at the midpoint; management expects a $0.05–$0.10 headwind from recent Section 232 tariff changes (predominantly affecting HVAC in Q2) but expects the impact to be de‑minimis in H2 and not to affect 2027, and noted that excluding the Q2 tariff hit first‑half adjusted EPS pacing should be similar to last year. The raise follows a strong Q1 (adjusted EPS $1.69, +22% YoY; revenue +17.4% YoY; adjusted EBITDA +23% YoY with 90 bps of margin expansion) driven by HVAC (+22% revenue, 11.5% inorganic / 9.6% organic; segment income +$15M, -40 bps margin; backlog $755M, +38% organic) and D&M (+8.3% revenue, organic +3%; segment income +$10M, +410 bps margin; backlog $333M), and management cited a healthy balance sheet (cash $158M, debt $674M, leverage ~0.9x) and Q1 adjusted free cash flow of ~ $16M as giving capacity to pursue accretive M&A.

Strong Overall Financial Performance

Q1 revenue grew 17.4% year-over-year; adjusted EBITDA increased 23% YoY; adjusted EPS grew 22% to $1.69. Consolidated segment income increased $25M (22%) to $135M and consolidated segment margin expanded ~100 basis points. Management raised full-year adjusted EPS guidance by $0.15 to a midpoint of $7.95 and reiterated a 2026 implied adjusted EBITDA growth of ~21% at the midpoint.

HVAC Revenue Growth and Backlog Expansion

HVAC revenue grew 22% YoY (11.5% inorganic, 9.6% organic). HVAC segment income increased 20% (+$15M). Segment backlog ended the quarter at $755M, up 38% organically YoY, driven primarily by strong data center demand. Capacity expansion projects (TAMCO aluminum dampers in Tennessee, OlympusMAX production in Olathe, and Madison, AL build-out) are progressing on schedule to support increased demand.

Acceleration in Data Center Demand and Capacity Additions

Management increased expected data-center growth range (discussed moving from ~50% to as high as ~70% growth in the year). New/expanded production (Olathe, Tennessee, Madison) enables meaningful incremental data center capacity — management cited the goal of materially expanding addressable data center revenue (discussed moving toward mid-hundreds of millions of dollars of data center revenue as capacity ramps).

Detection & Measurement Margin Improvement and Product Momentum

D&M revenue grew 8.3% YoY (3.9% inorganic from KTS, organic ~3%). Segment income increased 28% (+$10M) and segment margin expanded ~410 basis points, driven by higher volumes and a favorable mix including higher-than-typical, high-margin software volume (expanded scope on a transportation project). New product introductions include a locate performance management software that enhances real-time data and analytics for radio detection products.

Balance Sheet, Liquidity and M&A Optionality

Q1 cash on hand $158M, total debt $674M, leverage ~0.9x under bank covenant calculation (below long-term target range of 1.5–2.5x), providing capacity for accretive M&A. Q1 adjusted free cash flow ~ $16M and the company received ~$60M proceeds from the sale of Crawford United’s Industrial & Transportation products business (discontinued operations). Management reiterated a robust M&A pipeline and said recent acquisitions (Air Enterprises, Rahn, Thermolec, KTS, Sigma & Omega) are integrating well with acquisition multiples roughly in line with their historical ~10.5–11x pre-synergy target.

SPX (SPXC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SPXC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2026	2026 (Q2)	1.88 / -	1.65	―	―	―
Apr 30, 2026	2026 (Q1)	1.56 / 1.69	1.38	22.46% (+0.31)
Feb 24, 2026	2025 (Q4)	1.87 / 1.88	1.51	24.50% (+0.37)
Oct 30, 2025	2025 (Q3)	1.61 / 1.84	1.39	32.37% (+0.45)
Jul 31, 2025	2025 (Q2)	1.45 / 1.65	1.42	16.20% (+0.23)
May 01, 2025	2025 (Q1)	1.17 / 1.38	1.25	10.40% (+0.13)
Feb 25, 2025	2024 (Q4)	1.51 / 1.51	1.25	20.80% (+0.26)
Oct 30, 2024	2024 (Q3)	1.38 / 1.39	1.06	31.13% (+0.33)
Aug 01, 2024	2024 (Q2)	1.25 / 1.42	1.06	33.96% (+0.36)
May 02, 2024	2024 (Q1)	1.04 / 1.25	0.93	34.41% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPXC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$218.91	$208.13	-4.92%
Feb 24, 2026	$243.04	$226.66	-6.74%
Oct 30, 2025	$198.85	$223.89	+12.59%
Jul 31, 2025	$182.39	$196.36	+7.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.