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Spx Corp. (SPXC)
NYSE:SPXC
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.58Last Year’s EPS
1.38Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line and profit growth, record backlogs, robust free cash flow conversion, active and strategic M&A, and aggressive capacity investments to capture growing data center and HVAC demand. Management acknowledged near-term headwinds from a $20M project pull-forward, start-up costs related to capacity expansion, and timing risks on equipment delivery and facility ramps. Overall, the company communicated clear execution plans, sizable revenue and EBITDA guidance growth for 2026, and manageable risks tied to timing and concentration.Company Guidance
Full-Year Earnings Growth
Full year adjusted EBITDA and adjusted EPS grew 21% year-over-year; full year adjusted EPS was $6.76 (toward the upper end of guidance).
Strong Q4 Revenue and Profitability
Q4 revenue increased 19.4% YoY; adjusted EBITDA rose ~22% YoY with ~50 basis points of margin expansion; Q4 adjusted EPS grew 25% to $1.88.
Segment Income Improvement
Consolidated segment income grew $27.0M (21%) to $156.0M in Q4 and consolidated segment margin expanded ~30 basis points.
HVAC Segment Performance and Backlog
HVAC Q4 revenue up 16.4% YoY (5.5% inorganic, organic +10.3%); segment income up $17.0M (18%) and margin +40 bps; Q4 HVAC backlog $585M, up 22% organically.
Detection & Measurement Strength and Backlog
D&M Q4 revenue up 26.3% YoY (KTS acquisition contributed 23.2%, organic +1.7%); segment income up $10.0M (27%) and margin +20 bps; Q4 D&M backlog $350M, up ~43% organically (record year-end).
Balance Sheet and Cash Generation
Year-end cash of $366M, total debt $502M; leverage ~0.3x under bank covenant (1.0x including recent acquisitions); full-year adjusted free cash flow $294M, representing ~90% conversion of adjusted net income.
2026 Financial Guidance — Significant Growth
2026 guidance: revenue $2,535M–$2,605M; adjusted EBITDA $590M–$620M (midpoint implies ~20% YoY EBITDA growth and ~23.5% margin at midpoint); adjusted EPS guidance $7.60–$8.00 (~15% growth at midpoint).
HVAC Capacity Expansion and Capital Plan
Completed purchase of 459,000 sq ft Madison, AL facility; Tamco facility in Tennessee to start production end of Q1 2026; total expansion CapEx expected ~$100M in 2026 (plus ~$60M in 2025) to enable ~ $700M of incremental capacity at full production.
Targeted Acquisitions and Portfolio Strengthening
Acquisitions of Thermalek, Air Enterprises, and Ron Industries added electric heat and engineered air movement capabilities; estimated combined annual revenue contribution ~ $110M (Thermalek ~$35M; Air Enterprises + Ron low $80Ms) with segment margins slightly above segment average.
Data Center Product Momentum — Olympus Max
Data center revenue grew to roughly $200M in 2025 (~9% of revenue) and management expects data center revenue to approach low double digits (~12%) in 2026 with ~50% growth for data center sales in 2026; Olympus Max achieved ~$50M bookings in 2025 with multiple customers and early wins converting to 2026 revenue.
SPXC Earnings History
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 |
|---|---|---|---|
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% |
May 01, 2025 | $136.67 | $144.73 | +5.90% |
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.
FAQ
When does Spx Corp. (SPXC) report earnings?
Spx Corp. (SPXC) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Spx Corp. (SPXC) earnings time?
Spx Corp. (SPXC) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPXC EPS forecast?
SPXC EPS forecast for the fiscal quarter 2026 (Q1) is 1.58.
