SPX Technologies Q4 Earnings Call Highlights

In the HVAC segment, fourth-quarter revenue grew 16.4% , including 5.5% inorganic growth and a modest foreign exchange tailwind. Organic revenue increased 10.3% , with management citing solid performance in both cooling and heating. Segment income rose $17 million , or 18%, and segment margin improved 40 basis points , which the company attributed primarily to higher volume and operating leverage. Segment backlog ended the quarter at $585 million , up 22% organically year over year.For the fourth quarter, t ...