Exhibit 99.1 SPX Technologies Reports First Quarter 2024 Results Q1 GAAP EPS of $1.05; Adjusted EPS* of $1.25 Strong Demand and Execution in HVAC Raising 2024 Full-Year Adjusted EPS* Guidance to a Range of $5.15 to $5.40 CHARLOTTE, N.C., May 2, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 30, 2024. Gene Lowe, President and CEO, remarked, “I’m very pleased with our strong Q1 performance, which includ ...

Bryan Blair - Oppenheimer & Company Steve Ferazani - Sidoti Walter Liptak - Seaport Research Hello, and thank you for standing by. Welcome to SPX Technologies Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in a listen only mode. [Operator Instructions] I would now like to hand the conference over to Paul Clegg. You may begin. Thank you, and good afternoon, everyone. Thanks for joining us. With me on the call today are Gene Lowe, our President and Chief Executive Officer; and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-6948 SPX Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 88-3567996 (State or other jurisdiction of ...

Strong Execution on Value Creation Roadmap ($ millions) Adjusted Operating Income / Margin* FY 2023 ❑ Strong margin performance *Adjusted results are non-GAAP financial measures. Reconciliations from US GAAP financial measures are available in the Appendix of the presentation. February 22, 2024 5 February 22, 2024 6 Comprehensive Engineered Air Movement Solutions Extending Positioning in Attractive Engineered Air Movement Space Note: Adjusted results are non-GAAP financial measures. Reconciliations from US ...

Exhibit 99.1 SPX Reports Fourth Quarter and Full-Year 2023 Results GAAP EPS of $0.67 in Q4 2023 Compared with $(0.55) in Q4 2022 GAAP EPS of $3.10 in Full-Year 2023 Compared with $0.43 in Full-Year 2022 GAAP Net Income of $89.9 million in Full-Year 2023 Compared with $0.2 million in Full-Year 2022 Q4 and Full-Year Adjusted EPS* of $1.25 and $4.31 in 2023 Compared with $1.17 and $3.10 in 2022 Introducing 2024 Full-Year Adjusted EPS* Guidance Range of $4.85-$5.15 CHARLOTTE, N.C., Feb. 22, 2024 (GLOBE NEWSWIRE ...

Company Participants Conference Call Participants Good day and thank you for standing by. Welcome to the Q3 2023 SPX Technologies Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. Paul Clegg Finally, we will be conducting meetings with investors over the coming months, including at the Baird Industrials Conference in Chicago and at the UBS Industrial Summit in Palm Beach, Florida, both in November. Thanks, Paul. Good afternoon, everyone and thank ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6948 SPX TECHNOLOGIES, INC. (Exact Name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (I.R.S. Employer Identification No.) 6325 Ardr ...

Eugene Lowe Well, why don't I start on pricing power. I think, what we said, if you look at our portfolio of businesses, we do believe we have pricing power in our HVAC and our Detection & Measurement. The businesses that we did not feel we had pricing power we divested in our really the transformer business, some of the old legacy businesses. Having said that, we are in competitive markets. And where we sit today, we think is a balanced position. We don't think our prices are too high and coming down. We t ...

| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | SPX Technologies | | | | | Q2 2023 | | | | | | | | | | Earnings Presentation | | | | | August 2, 2023 | | | | These risks, uncertainties and other factors include the following: cyclical changes and specific industry events in the company's markets; changes in anticipated capital investment and maintenance expenditures by customers; availability, limitations or cost increases of raw material ...

Company Participants Conference Call Participants Operator I would like now to hand the conference over to Paul Clegg, VP of Investor Relations and Communications. Thank you, operator, and good afternoon, everyone. Thanks for joining us. With me on the call today are Eugene Lowe, our President and Chief Executive Officer; and Mark Carano, our Chief Financial Officer. Our comments today will largely focus on adjusted financial results and comparisons will be to the results of continued operations only. You c ...