SPX Technologies, Inc. (SPXC)

SPX Technologies reported strong Q2 2025 results with increased revenue and GAAP EPS, and raised its full-year 2025 guidance. The company announced and priced a public offering of common stock in August 2025. SPX Technologies reported increased Q3 2025 revenue and adjusted EPS, and increased its full-year 2025 adjusted EBITDA and adjusted EPS guidance. Daniel Whitman was appointed as Vice President, General Counsel & Secretary, effective January 5, 2026. SPX Technologies completed the acquisition of Thermolec Ltd. on January 20, 2026. SPX Technologies completed the acquisition of Crawford United Corporation on February 6, 2026. The company is scheduled to release its fourth-quarter and full-year fiscal 2025 financial results and provide 2026 financial guidance on February 24, 2026. Over the past six months, SPX Technologies insiders have engaged in 8 sales of stock, with no purchases, and one member of Congress sold SPXC stock. The stock has shown recent strength, increasing by approximately 2% in the past day, 6.7% in the past week, and 6.9% over the past month (as of February 7, 2026). Over the last year, SPXC stock has increased by 44.83%.

Demand for SPX Technologies' products and services exhibits some seasonality, particularly within its HVAC segment. The HVAC heating season experienced a slower start in Q3 2025 due to warmer weather and normalized lead times. The heating business is primarily driven by replacements, with demand expected to increase with colder weather. The HVAC cooling business experiences robust and steady demand across critical end markets. The company's diversified business model is considered a mitigating factor against potential impacts from broader economic slowdowns on large capital expenditures.

SPX Technologies, Inc. (SPXC) is a global supplier of engineered infrastructure equipment, operating in the Industrials sector, specifically in Building Products & Equipment and Multi-industry industries. Headquartered in Charlotte, North Carolina, the company focuses on technologically advanced offerings that enhance energy efficiency and infrastructure performance. SPX Technologies operates through two main segments: HVAC and Detection and Measurement. The HVAC segment designs, manufactures, installs, and services cooling products and engineered air movement and handling solutions for various markets, as well as heating and ventilation products for residential, industrial, and commercial markets. The Detection and Measurement segment provides underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, transportation systems, communication technologies, and obstruction lighting products.

SPX Technologies has a significant global presence, operating in 17 countries and maintaining a sales presence in 100 countries. The company employs approximately 4,300 to over 6,000 individuals worldwide.

SPX Technologies maintains a positive brand reputation, underpinned by its commitment to sustainability, ethics, and compliance. The company's values guide its interactions with stakeholders. SPX Technologies publishes an annual Sustainability Report detailing its environmental performance, including a 30% reduction in carbon intensity, and highlights products that support energy efficiency and critical infrastructure maintenance. The company's strong stock performance over the past year contributes to a favorable market perception. No specific negative events significantly impacting its brand reputation in the past year were identified.

SPX Technologies' ownership is primarily held by institutional investors, who hold between 81.37% and 94.34% of the company's shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Invesco Ltd., State Street Corp, Capital World Investors and others. Insider holdings account for approximately 2.73% of the ownership. Eugene Lowe, the President and CEO, is also a notable individual owner, holding 2.205% of equities.