)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
SPX Technologies (SPXC) investor relations material
SPX Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Q3 2025 delivered strong results with revenue up 22.6%–23%, adjusted EPS up 32%–32.4%, and significant profit and margin growth in both HVAC and Detection & Measurement segments, driven by organic growth and acquisitions.
Over $1 billion in additional liquidity was secured through equity offerings and expanded credit facilities, with no dilutive impact to 2025 EPS.
Major acquisitions, including KTS, Sigma & Omega, and Ingénia, expanded capabilities and contributed to revenue and margin growth.
Full-year 2025 guidance was raised, with adjusted EBITDA expected to exceed $500 million, implying about 20% year-over-year growth.
Continued progress on organic initiatives, including U.S. capacity expansion and new product launches such as Olympus Max.
Financial highlights
Q3 2025 revenue grew 22.6%–23% year-over-year to $592.8M–$593M, with 14.3% organic growth and 8.2% from acquisitions.
Adjusted EPS rose to $1.84, up 32%–32.4% year-over-year.
Adjusted EBITDA increased 30.9%–31% to $136M, with margin expanding by 150 bps to 23.0%.
Adjusted free cash flow for Q3 was $90.8M–$91M, with Q4 expected to be the highest cash flow quarter.
Ended Q3 with $229.4M–$232M in cash and $502M in total debt; leverage ratio at 0.5x.
Outlook and guidance
2025 revenue guidance raised to $2.225–$2.275B, with adjusted EBITDA expected at $495–$515M (up ~20% at midpoint) and adjusted EPS at $6.65–$6.80 (up ~21% at midpoint).
Segment income margin guidance for 2025: HVAC 24.25%–24.75%, Detection & Measurement 23.25%–23.75%.
Q4 revenue for Detection & Measurement expected to be modestly lower sequentially due to project timing.
2026 outlook remains positive, with strong backlog and steady demand; some project sales pulled forward from 2026 to 2025.
What drove D&M segment income margin guidance raise?
How will balance sheet strength impact M&A?
What are key organic growth drivers for 2025?
M&A pipeline: What deal sizes are prioritized?
Olympus Max: 2026 revenue run rate expectations?
D&M margin drivers: Are they sustainable into 2026?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next SPX Technologies earnings date
Q4 202524 Feb, 2026
Next SPX Technologies earnings date
Q4 202524 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
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.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage