SPX(US:SPXC) Globenewswire·2025-10-30 20:05Core Insights - SPX Technologies, Inc. reported strong third-quarter results for 2025, with significant year-over-year profit and margin growth across both segments, leading to an increase in full-year guidance for earnings [2][4] Financial Performance - Revenue for Q3 2025 reached $592.8 million, a 22.6% increase from $483.7 million in Q3 2024 [3][4] - Operating income rose to $97.1 million, up 23.1% from $78.9 million year-over-year [3][4] - Income from continuing operations increased by 24.0% to $63.1 million compared to $50.9 million in Q3 2024 [3][4] - GAAP EPS for Q3 2025 was $1.29, reflecting a 19.4% increase from $1.08 in Q3 2024 [3][4] - Adjusted EBITDA for Q3 2025 was $136.1 million, up 30.9% from $104.0 million in Q3 2024 [3][4] Segment Performance - HVAC segment revenue for Q3 2025 was $387.4 million, a 15.5% increase from $335.3 million in Q3 2024, with segment income rising to $94.4 million [6][29] - Detection & Measurement segment revenue increased by 38.4% to $205.4 million from $148.4 million in Q3 2024, with segment income growing to $51.7 million [8][29] Guidance Update - The company raised its full-year 2025 earnings guidance, projecting Adjusted EBITDA in the range of $495 to $515 million, representing a 20% year-over-year increase at the midpoint [2][4] - Revenue guidance for 2025 is maintained at $2.225 to $2.275 billion, indicating a ~13% year-on-year growth at the midpoint [4][13] Strategic Initiatives - The company is focusing on operational efficiencies and has a robust pipeline of acquisition opportunities, supported by a strengthened balance sheet following recent refinancing and equity raises [2][4] - Key organic initiatives include expansion plans for Engineered Air Movement businesses and the launch of the Olympus Max product [2]