Group 1 - SPX Technologies, Inc. generates nearly 20% of its revenues outside the U.S. [1] - The company operates as a global entity with production, distribution, and service in over 16 countries [1]

Core Viewpoint - SPX Technologies, Inc. has announced a public offering of 2,659,575 shares of its common stock at a price of $188.00 per share, aiming to raise approximately $500 million in gross proceeds before expenses [1]. Group 1: Offering Details - The offering consists of shares sold entirely by SPX, with an additional 30-day option for underwriters to purchase up to 398,936 additional shares [1]. - The expected closing date for the offering is around August 14, 2025, pending customary closing conditions [1]. Group 2: Underwriters - BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering [2]. - TD Cowen and Truist Securities are also acting as book-running managers, with several other firms participating as co-managers [2]. Group 3: Regulatory Information - The shares are being offered under an effective automatic shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [3]. - A prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]. Group 4: Company Overview - SPX Technologies, Inc. is a diversified global supplier of engineered products and technologies, with a strong presence in the HVAC and detection and measurement markets [5]. - The company is headquartered in Charlotte, North Carolina, and employs over 4,300 people across more than 16 countries [5].

Company Overview - SPX Technologies, Inc. is a diversified global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets [5] - The company is based in Charlotte, North Carolina, and employs over 4,300 individuals across more than 16 countries [5] - SPX is publicly traded on the New York Stock Exchange under the ticker symbol "SPXC" [5] Public Offering Details - SPX announced its intention to offer and sell $500 million of shares of its common stock in an underwritten public offering [1] - The company plans to grant underwriters a 30-day option to purchase up to an additional $75 million of shares [1] - The offering is subject to market conditions, and there is no assurance regarding the completion or terms of the offering [1] Underwriters - BofA Securities, J.P. Morgan, and Wells Fargo Securities are acting as joint book-running managers for the proposed offering [2] - TD Cowen and Truist Securities are also involved as book-running managers for the offering [2] Regulatory Compliance - The shares are being offered pursuant to an effective automatic shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [3] - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC, detailing the terms of the offering [3]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the use of a specific screening strategy to find stocks with strong fundamentals and positive price momentum [1][2][3]. Group 1: Stock Performance - SPX Technologies (SPXC) has shown a solid price increase of 29.2% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 17.1% in the last four weeks, suggesting that the upward trend is still intact [5]. - SPXC is currently trading at 91.7% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - SPXC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SPXC that have the fundamental strength to sustain their recent price trends [3]. - The article suggests that there are multiple stocks passing through this screening process, providing additional investment opportunities for trend-focused investors [8].

Industry Overview - The Technology Services industry ranks within the top 40% of Zacks Ranked Industries and is expected to outperform the market over the next three to six months [1][8] - The industry is mature with strong demand for services, leading to significant growth in the first half of 2025, which is likely to continue in the second half [1][3] Market Trends - The global shift toward digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI) [3] - Companies are rapidly adopting generative AI, machine learning (ML), and data science to gain competitive advantages [3][4] - There is robust demand for multi-cloud-enabled software solutions as businesses transition from legacy platforms to modern cloud-based infrastructure [3] Company Highlights Coherent Corp. (COHR) - Coherent is positioned in the industrial, communications, electronics, and instrumentation markets, offering diversified applications [7] - Expected revenue and earnings growth rates for the current year are 11.5% and 29.3%, respectively, with a 4.1% improvement in the Zacks Consensus Estimate for current-year earnings over the last 30 days [9] Vimeo Inc. (VMEO) - Vimeo provides cloud-based video software solutions, including video hosting, management, and analytics [10][11] - Expected revenue and earnings growth rates for the next year are 6.2% and over 100%, respectively, with no change in the Zacks Consensus Estimate for next-year earnings over the last 60 days [12] Skillsoft Corp. (SKIL) - Skillsoft offers personalized learning experiences and operates in two segments: Talent Development Solutions and Global Knowledge [13][14] - Expected revenue and earnings growth rates for the current year are 1.2% and -157%, respectively, with a 54.8% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [15] Vontier Corp. (VNT) - Vontier focuses on transportation and mobility solutions, operating through three segments: Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions [16] - Expected revenue and earnings growth rates for the current year are 0.1% and 9%, respectively, with a 2.9% improvement in the Zacks Consensus Estimate for current-year earnings over the last seven days [17] SPX Technologies Inc. (SPXC) - SPX Technologies is a diversified supplier in the HVAC and detection and measurement markets, operating in two segments [18] - Expected revenue and earnings growth rates for the current year are 12.7% and 17%, respectively, with a 3.2% improvement in the Zacks Consensus Estimate for current-year earnings over the last seven days [19]

Have you been paying attention to shares of SPX Technologies (SPXC) ? Shares have been on the move with the stock up 13.5% over the past month. The stock hit a new 52-week high of $198.75 in the previous session. SPX Technologies has gained 34.9% since the start of the year compared to the -1.2% move for the Zacks Business Services sector and the 9.3% return for the Zacks Technology Services industry. What's Driving the Outperformance? On this front, we can look at the Zacks Style Scores, as they provide in ...

Core Insights - SPX reported strong Q2 2025 results with adjusted EPS of $1.65, exceeding analyst estimates of $1.45, and GAAP revenue of $552.4 million, surpassing expectations of $546.69 million, reflecting double-digit growth year-over-year [1][2] - The company has raised its full-year 2025 guidance, anticipating revenue between $2.225 to $2.275 billion and adjusted EBITDA of $485 to $510 million, driven by strong demand and operational momentum [9] Financial Performance - Adjusted EPS increased by 16.2% year-over-year from $1.42 in Q2 2024 to $1.65 in Q2 2025 [2] - GAAP revenue rose by 10.2% from $501.3 million in Q2 2024 to $552.4 million in Q2 2025 [2] - Adjusted EBITDA improved to $126.7 million, reflecting a 16.4% increase from $108.9 million in Q2 2024 [2] - Adjusted free cash flow decreased by 35.9% from $57.9 million in Q2 2024 to $37.1 million in Q2 2025 [2] Segment Performance - HVAC segment revenue grew by 5.7% to $376.7 million, while detection and measurement revenue surged by 21.3% to $175.7 million, with 14.9% of this growth attributed to the acquisition of KTS [2][5] - Segment income margin for HVAC was 25.4%, up nearly two percentage points from the previous year, while detection and measurement margin slipped to 22.8% [6] Strategic Focus - SPX is concentrating on product innovation and expansion in high-growth markets, particularly in HVAC solutions for data centers and green buildings [4] - The company is integrating recent acquisitions, Sigma & Omega and KTS, to enhance its product offerings and market reach [6] Guidance and Future Outlook - Full-year 2025 guidance includes HVAC revenue of $1.50–$1.53 billion and detection and measurement revenue of $725–745 million, with segment income margins projected at 24.75% and 23.0%, respectively [9] - Management emphasized the importance of monitoring organic growth trends in HVAC and successful integration of KTS in detection and measurement [10]

Here is how SPX Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for SPX Technologies here>>> Shares of SPX Technologies have returned +5.1% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Revenues- Detection & Measurement: $175.7 million versus $166.2 ...

SPX Technologies (SPXC) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.79%. A quarter ago, it was expected that this infrastructure equipment supplier would post earnings of $1.16 per share when it actually produced earnings of $1.38, delivering a surprise of +18.97%. Over the l ...

Financial Data and Key Metrics Changes - The company reported a 16% year-over-year growth in adjusted EPS, reaching $1.65 for Q2 2025 [11] - Total revenues increased by 10% year-over-year, driven primarily by acquisitions and higher project sales [11] - Adjusted EBITDA rose approximately 16% year-over-year, with a margin expansion of 120 basis points [8][11] Segment Data and Key Metrics Changes - In the HVAC segment, revenues grew by 5.7% year-over-year, with 4.9% attributed to inorganic growth [11] - Detection and Measurement segment revenues increased by 21% year-over-year, with organic growth of 5.5% [13] - Segment backlog for HVAC was $540 million, up 19.5% from Q1, while Detection and Measurement backlog was $365 million, up 6% sequentially [12][14] Market Data and Key Metrics Changes - The company anticipates a growth in adjusted EBITDA of 18% at the midpoint of the updated guidance for the full year [7] - Market conditions are supportive of the increased full-year outlook, particularly in the HVAC segment, which has a healthy backlog [17] Company Strategy and Development Direction - The company is focused on organic and inorganic value creation initiatives, supported by a robust M&A pipeline [7] - New product introductions, such as the Olympus Vmax cooling solution, are expected to significantly increase the addressable market in data center cooling solutions [9] - The company is making progress on capacity expansions and new product introductions, particularly in engineered air movement businesses [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the updated guidance, citing solid momentum in end markets and key initiatives [18] - The company remains optimistic about data center opportunities in 2025 and 2026, with expectations for continued growth [17] - Management noted that project businesses are seeing healthy front log activity, with many new bookings slated for delivery in 2026 and beyond [17] Other Important Information - The company ended Q2 with cash of $137 million and total debt of approximately $1 billion, with a leverage ratio of about 1.7 times [14] - Adjusted free cash flow for Q2 was approximately $37 million [15] Q&A Session Summary Question: What kind of growth is your team seeing in the data center space? - Management indicated that data center revenue is expected to grow from around $150 million to $200 million in 2025, representing about 9% of company revenue, with further growth anticipated in 2026 [24][25] Question: What would the run rate revenue capacity lift be for U.S. manufacturing? - Management stated that they aim for a run rate of $140 million by the end of Q4 2025, with expectations to reach around $300 million with new facilities by 2027 [30] Question: What are the expectations for project contributions in the D and M segment for the back half of the year? - Management expects project contributions to grow in the high teens organically during the second half of the year [32] Question: Can you clarify the strength of HVAC margins in Q2? - Management noted that HVAC margins were 25.4%, with half of the increase attributed to favorable project execution and the other half to higher volumes and a more accretive mix [40] Question: How is the integration of recent acquisitions going? - Management reported very positive integration experiences with KTS and Sigma and Omega, highlighting synergies and growth opportunities [113][116]