Expands HVAC Segment with Highly Complementary Custom Electric Heating SolutionsCHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Thermolec Ltd. (“Thermolec”) for a total cash consideration of CA$ 195 million (approximately US$ 140 million). Founded in 1973, Thermolec is a Montréal-based manufacturer of custom electric duct heating and related solutions, offering a differentiate ...

CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2025 after the U.S. financial markets close on Tuesday, February 24, 2026. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results an ...

Group 1 - The proposed sale of Crawford United Corporation to SPX Technologies, Inc. is under investigation for potentially undervaluing the company [1] - Shareholders of Crawford are expected to receive an estimated cash consideration of approximately $83.42 per share after adjustments for indebtedness and expenses [1] - Kahn Swick & Foti, LLC is assessing the adequacy of the proposed transaction and the process leading to it [1] Group 2 - KSF is inviting shareholders who believe the transaction undervalues the company to discuss their legal rights [2] - Contact information for KSF Managing Partner Lewis S. Kahn is provided for further inquiries regarding the proposed sale [2]

Core Viewpoint - SPX Technologies, Inc. has appointed Daniel Whitman as the new Vice President, General Counsel & Secretary, effective January 5, 2026, enhancing the company's legal and operational capabilities [1]. Group 1: Appointment Details - Daniel Whitman brings over 30 years of experience, including 20 years at Parker Hannifin, where he served as Vice President, Law, Deputy General Counsel, and Assistant Secretary [2][3]. - His extensive background in legal and executive leadership aligns well with SPX's growth and operational initiatives, particularly in the industrial technologies sector [3]. Group 2: Professional Background - Mr. Whitman's career includes significant contributions in both engineering and legal fields, having led legal support for Parker Hannifin's commercial, intellectual property, and international operations [3]. - He has experience in international legal leadership, having spent several years in Switzerland overseeing the Europe, Middle East, and Africa legal team for Parker Hannifin [4]. - Prior to his legal career, he held various engineering roles at Ingersoll-Rand and Air Technologies [4]. Group 3: Educational Background - Mr. Whitman earned his Juris Doctor, magna cum laude, from the University of Akron School of Law and holds a bachelor's degree in mechanical engineering from Purdue University [5]. - He is registered to practice law in Ohio and before the United States Patent & Trademark Office [5]. Group 4: Company Overview - SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets [6]. - The company is based in Charlotte, North Carolina, and employs approximately 4,700 people across 16 countries [6].

Market Overview - The S&P 500 experienced a dip followed by a retail buying spree, indicating a temporary retracement before steady buying into the close [1] - Both the S&P 500 and Nasdaq surpassed key resistance levels, with breadth characteristics and bond market metrics providing further insights into market behavior [1] Investment Insights - The focus remains on favorable risk-reward long entries, with the ES (E-mini S&P 500) leading over the NDX (Nasdaq 100), suggesting a more profitable outlook for S&P 500 compared to tech stocks [2] - Notable gains were observed in stocks such as NVDA (Nvidia) up 3%, along with positive movements in AVGO (Broadcom), GOOGL (Alphabet), and AMZN (Amazon), indicating a potential turnaround in tech stocks [2] Commodity Performance - Gold and silver are delivering gains to clients, while caution is advised for oil shorts, indicating a mixed outlook for commodities [3] Communication and Resources - The company emphasizes the importance of staying updated through various platforms including Twitter, Telegram, and YouTube for real-time analytics and trading signals [5][6] - A free newsletter is available for subscribers to receive key daily analytics directly to their inbox [6] Trading Signals - The company offers premium trading signals covering various markets including stocks, bonds, gold, silver, and cryptocurrencies, with real-time trade calls and intraday updates [8]

Company Overview - SPX Technologies (SPXC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - SPXC shares have increased by 5.4% over the past week, while the Zacks Building Products - Air Conditioner and Heating industry has declined by 1.58% during the same period [5] - Over the last quarter, SPXC shares have risen by 14.97%, and over the past year, they have gained 46.88%, significantly outperforming the S&P 500, which has moved 2.44% and 16.74% respectively [6] Trading Volume - The average 20-day trading volume for SPXC is 358,502 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 5 earnings estimates for SPXC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.54 to $6.74 [9] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, SPX Technologies is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]

Economic Indicators - Non-farm payrolls showed better job growth than expected, contrasting with the previous ADP report indicating job losses [2] - Unemployment rate increased to 4.6%, which is still within the range of almost full employment, with concerns rising if it approaches 5% [3][4] - The bond market indicates a concern about inflation, with expectations that rates may trend higher rather than lower [6] Oil Market - Oil prices are currently at $55, attributed to a supply glut expected to persist until 2026 [7][8] - OPEC is likely to maintain production levels, and if oil prices come under pressure, OPEC may cut back production [9] - Lower oil prices are beneficial for consumers and manufacturing due to reduced energy and transportation costs [10] Technology Sector - Companies like Broadcom, Oracle, and Core Weave have seen significant declines, with some down 40-50%, indicating investor concerns about overvaluation in the AI infrastructure space [13] - A disciplined approach to buying tech stocks is suggested, looking for pullbacks of 20% or more to identify buying opportunities [15][16] - The S&P 500 could potentially reach 7,000 if it breaks through the recent high of 6,920, which would trigger buying activity [22] Healthcare Sector - Merck is highlighted as a strong investment opportunity due to its recent performance improvement and dividend payments, indicating a positive outlook for the healthcare sector [24][26] - The healthcare sector has recently shown a recovery, with a notable increase of about 11-12% in the last couple of months [26] Quantum Technology - A mid-cap company in the quantum space, IQ Ionic, is noted as a potential investment opportunity, with expectations that quantum technology will become a significant theme in AI by 2026 [27][28]

Group 1: Acquisition Details - SPX Technologies, Inc. announced a definitive agreement to acquire Crawford United Corporation for approximately $300 million, which is part of its expansion plans [1] - The acquisition will merge Crawford United's Commercial Air-Handling Equipment segment with SPX's HVAC segment, enhancing SPX's HVAC capabilities [1][3] - SPX intends to divest the Industrial & Transportation Products segment of Crawford United as it does not align with the company's long-term strategy [3] Group 2: Financial Performance - The Commercial Air-Handling Equipment segment of Crawford United reported $22.8 million in operating profit and $81.6 million in sales over the past 12 months ending September 30, 2025 [2] - SPX Technologies reported total revenue of $2.16 billion over the last 12 months, with a solid revenue growth of 12.6% [2] Group 3: Strategic Fit and Market Position - The acquisition is expected to strengthen SPX's ability to deliver end-to-end solutions to customers in various sectors, including healthcare, universities, and advanced manufacturing [4] - SPX Technologies operates as a supplier of infrastructure equipment, primarily serving the cooling, heating, ventilation, and detection & measurement markets [4]

Core Insights - The data center infrastructure market is projected to reach $1 trillion by 2030, driven by significant investments in AI and emerging technologies like quantum computing [1][4]. Industry Overview - The demand for data centers is surging due to AI infrastructure investments, with industry leaders confirming operations are at capacity [2]. - Future growth in the data center sector is expected to be propelled by advancements in quantum computing, which may surpass the current AI infrastructure demand [3][4]. Company Developments - Supermicro has expanded its Nvidia Blackwell portfolio by launching new liquid cooling systems that capture 98% of system heat, indicating a trend towards advanced cooling solutions [5]. - Vertiv Holdings Co. completed its acquisition of PurgeRite for approximately $1 billion to enhance its thermal management services for AI and high-density computing data centers [10][11]. - SPX Technologies announced a definitive agreement to acquire Crawford United Corporation for about $300 million, aiming to expand its HVAC capabilities [12][14]. Financial Performance - Vertiv Holdings Co. is projected to maintain a revenue growth rate of around 28% for the current year, similar to the previous year's growth [11]. - SPX Technologies reported total revenue of $2.16 billion over the last 12 months, with a solid revenue growth of 12.6% [13].

Core Viewpoint - SPX Technologies, Inc. has announced a definitive agreement to acquire Crawford United Corporation for an estimated transaction value of $300 million, enhancing SPX's HVAC portfolio and capabilities in air handling solutions [1][2][3]. Transaction Details - The merger will involve Crawford United merging with a subsidiary of SPX, with Class A and Class B common stockholders of Crawford United receiving approximately $83.42 per share after adjustments [2]. - The transaction is expected to close in the first quarter of 2026, pending customary closing conditions and regulatory approvals [5]. Strategic Implications - The acquisition will add Crawford United's Commercial Air-Handling Equipment segment, which reported sales of $81.6 million and an operating profit of $22.8 million for the trailing twelve months ending September 30, 2025, to SPX's HVAC segment [3]. - This move aligns with SPX's strategy to acquire high-engineering content businesses and aims to deliver differentiated solutions to various markets, including healthcare and advanced manufacturing [3][4]. Management Statements - SPX's President & CEO expressed excitement about the acquisition, highlighting its potential to strengthen SPX's HVAC platform and enhance customer solutions [4]. - Crawford United's CEO noted the benefits of joining SPX, emphasizing a commitment to a seamless transition for employees and customers [4]. Non-Core Business Strategy - SPX plans to categorize Crawford United's Industrial & Transportation Products segment as non-core and will report its results as discontinued operations while seeking suitable buyers [4].