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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.85Last Year’s EPS
1.65Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
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
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.
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 |
|---|---|---|---|
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.
FAQ
When does SPX Corporation (SPXC) report earnings?
SPX Corporation (SPXC) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is SPX Corporation (SPXC) earnings time?
SPX Corporation (SPXC) earnings time is at Jul 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 (Q2) is 1.85.
