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SPX Technologies
SPX Technologies (SPXC) investor relations material
SPX Technologies Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Achieved strong Q4 and full-year 2025 results, with adjusted EBITDA and adjusted EPS up 21% year-over-year, driven by robust performance in both HVAC and detection segments, strategic acquisitions, and capacity investments.
Expanded HVAC manufacturing capacity, including new facilities in Madison, AL, and Tennessee, to support demand for engineered air movement and data center cooling products.
Completed acquisitions of Thermelec, Air Enterprises, Rahn Industries, and Crawford United's air handling segment, enhancing HVAC capabilities and market positions.
Introduced 2026 guidance targeting ~20% year-over-year growth in adjusted EBITDA and double-digit growth in revenue and adjusted EPS.
Data center revenue grew to over $200 million in 2025 (~9% of total), expected to reach low double digits (~12%) of revenue in 2026, with ~50% growth.
Financial highlights
Q4 2025 revenue grew 19.4% year-over-year to $637.3M; full-year revenue up 14.2% to $2.27B, driven by acquisitions and organic growth.
Q4 adjusted EPS was $1.88 (+24.5% YoY); full-year adjusted EPS was $6.76 (+21.1% YoY), near the top of guidance.
Q4 adjusted EBITDA was $142.0M (+22.3% YoY); full-year adjusted EBITDA reached $507.4M (+20.5% YoY), with margin up to 22.4%.
Consolidated segment income rose 21% to $156 million; segment margin up 30 basis points.
Ended year with $366 million cash, $502 million total debt, and leverage ratio of 0.3x (1x pro forma for acquisitions).
Outlook and guidance
2026 revenue guidance: $2.535–$2.605 billion, up from $2.265 billion in 2025.
Adjusted EBITDA guidance: $590–$620 million, implying ~20% growth at midpoint.
Adjusted EPS guidance: $7.60–$8.00, ~15% growth at midpoint.
Segment income margin expected to improve to 24.6%–25.1% (from 24.2%).
Q1 2026 expected to be similar to prior year as a percentage of full-year guidance.
Detail 2025 capex impact on capacity expansion
Future M&A strategy given 2026 guidance
Explain D&M Q4 organic growth slowdown
Data center revenue growth and capacity ramp
D&M 2026 growth and margin expansion drivers
M&A pipeline and capital allocation plans
Partial view of Summaries dataset, powered by Quartr API
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Next SPX Technologies earnings date
Q1 202630 Apr, 2026
SPX Technologies
Next SPX Technologies earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
SPX Technologies Inc. is an industrial manufacturing company that provides a diverse range of engineered products and technologies for critical applications. The company’s portfolio includes solutions for HVAC systems, detection and measurement, and engineered infrastructure. Its products and services are used across industries such as construction, energy, and transportation. Key offerings include cooling systems, heating products, power transformers, and advanced communication and monitoring systems. The company is headquartered in Charlotte, North Carolina, and its shares are listed on the NYSE.
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