SPX Technologies (SPXC) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - SPX Technologies reported quarterly earnings of $1.65 per share, exceeding the Zacks Consensus Estimate of $1.45 per share, marking an earnings surprise of +13.79% [1][2] Financial Performance - The company achieved revenues of $552.4 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.98% and showing an increase from $501.3 million year-over-year [2] - Over the last four quarters, SPX Technologies has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - SPX Technologies shares have increased approximately 24.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.59 on revenues of $564.7 million, while for the current fiscal year, the estimate is $6.33 on revenues of $2.22 billion [7] - The favorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 2 (Buy) for SPX Technologies, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which SPX Technologies belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]