SPX Technologies reported a strong performance in Q2 2025, driven by strategic acquisitions and new product introductions, particularly in the data center cooling market. Despite some minor challenges with tariffs and project timing, the company's outlook remains positive, with increased guidance and strong growth expectations across segments.

Company Guidance

During the Q2 2025 SPX Technologies earnings call, the company announced strong financial performance with a 16% increase in adjusted earnings per share (EPS) and a 10% rise in revenue year-over-year. The company raised its full-year guidance, anticipating an 18% growth in adjusted EBITDA at the midpoint of the updated range. Revenue growth was primarily driven by acquisitions and project sales in the Detection & Measurement segment, contributing to a 16% year-over-year increase in adjusted EBITDA and a 120 basis point margin expansion. The HVAC segment saw a 5.7% revenue growth with a 14.5% increase in segment income, while the Detection & Measurement segment experienced a 21% revenue growth, with a 6% increase in segment income. The company highlighted progress in its value creation initiatives, including the U.S. production expansion of TAMCO actuated dampers, and the introduction of the OlympusV Max cooling solution for data centers. SPX Technologies updated its full-year 2025 guidance, projecting adjusted EPS between $6.35 and $6.65, reflecting a 16.5% growth at the midpoint. The company also noted a healthy backlog in its core markets, with segment backlogs of $540 million and $365 million for HVAC and Detection & Measurement, respectively.

Strong Q2 2025 Performance

SPX Technologies reported a 16% increase in adjusted EPS for Q2 2025, raising the full-year guidance range. Adjusted EBITDA is expected to grow by 18% at the midpoint of the updated range.

Revenue Growth Driven by Acquisitions

Total company revenues increased by 10% year-over-year, largely due to the acquisition of KTS and Sigma & Omega and higher project sales in Detection & Measurement.

OlympusV Max Product Launch

Positive feedback and engagement from customers on the new OlympusV Max cooling solution for data centers, expected to significantly increase the addressable market.

HVAC Segment Performance

Revenues grew 5.7% year-over-year, with organic growth at 4.9%. Segment income grew by $12 million or 14.5%, with a 190 basis point increase in segment margin.

Detection & Measurement Segment Growth

Revenues increased 21% year-over-year, with organic revenue growth at 5.5%. The KTS acquisition contributed to a 14.9% increase in revenue.

SPX (SPXC) Earnings, Revenues Date & History

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SPXC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.63 / -	1.39	―	―	―
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)
Feb 22, 2024	2023 (Q4)	1.26 / 1.25	1.17	6.84% (+0.08)
Nov 02, 2023	2023 (Q3)	0.97 / 1.06	0.81	30.86% (+0.25)
Aug 02, 2023	2023 (Q2)	0.83 / 1.06	0.71	49.30% (+0.35)

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
Jul 31, 2025	$182.39	$196.36	+7.66%
May 01, 2025	$136.67	$144.73	+5.90%
Feb 25, 2025	$136.34	$151.21	+10.91%
Oct 30, 2024	$158.97	$143.49	-9.74%

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.