SPX Technologies, Inc. (SPXC)

SPX Technologies reported strong Q4 and full-year 2024 results, but the stock was down 1.5% since reporting. The acquisition of Kranze Technology Solutions (KTS) significantly scaled SPX's position in Communication Technologies. The company reported strong Q1 2025 results, and SPX Corp's stock gained 2.87% in aftermarket trading, raising its full-year 2025 guidance. SPX Technologies completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump for approximately $144 million. SPX Technologies reported robust Q2 2025 results, and the stock responded positively, rising 2.53% in the trading session following the announcement, raising its full-year 2025 adjusted EPS guidance. SPX Technologies announced the pricing of an underwritten public offering of 2,659,575 shares of its common stock at $188.00 per share.

The HVAC segment of SPX Technologies is susceptible to seasonal and weather-related variations. Demand for HVAC products is generally influenced by heating and cooling needs, which fluctuate with the seasons. The Detection & Measurement segment's demand is growing modestly but can also be influenced by project timing and macroeconomic conditions.

SPX Technologies, Inc. is a diversified global supplier of engineered products and technologies, primarily serving the HVAC and detection and measurement markets, operating through two main segments: HVAC and Detection & Measurement. The HVAC segment offers climate control solutions, including cooling towers, air handlers, and boilers, with key brands like Marley and Weil-McLain. The Detection & Measurement segment provides tools and technologies for maintaining critical infrastructure, such as pipe locators and robotic systems, with brands like Radiodetection and Cues. The company emphasizes innovation, strategic acquisitions, manufacturing excellence, customer service, and aftermarket support to drive revenue.

Headquartered in Charlotte, North Carolina, SPX Technologies has a significant global presence with approximately 4,400 employees in 16 countries and a sales presence in 100 countries. Its global operations include manufacturing facilities, sales offices, and service centers across North America, Europe, and Asia-Pacific, enabling localized product development, manufacturing, and customer service.

SPX Technologies has a strong brand reputation, known for providing specialized solutions and engineered products with a commitment to quality. The launch of the OlympusV Max data center cooling solution has been a notable positive development. The company's consistent strong financial performance and strategic acquisitions also contribute to a positive market perception.

SPX Technologies, Inc. is primarily owned by institutional shareholders, who hold approximately 93.09% to 94.38% of the company's stock. Insiders own about 14.93% to 15.09% of the shares, while retail investors hold a very small percentage (0.00%). Major institutional owners include BlackRock, Inc., Vanguard Group Inc., State Street Corp., Relational Investors LLC, IJR - iShares Core S&P Small-Cap ETF, Neuberger Berman Group LLC, Capital Research and Management Co., Invesco Ltd., and Geode Capital Management, LLC.