CHARLOTTE, N.C., July 08, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, July 31, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outloo ...

SPX Technologies (SPXC) FY Conference Summary Company Overview - SPX Technologies operates in niche industrial applications across HVAC and detection and measurement markets [2][4] - The company has a strong track record for margin expansion and has executed 16 acquisitions over the past four and a half years [2][17] - SPX is predominantly North American, with about 83% of its revenue from this region, but is expanding in Europe and Asia [4] Core Business Segments HVAC Segment - HVAC constitutes about two-thirds of SPX's business, generating approximately $1.5 billion in revenue this year [9][31] - The segment has a margin of around 22% and is characterized by a significant portion of replacement revenue, approximately 60% [10][32] - SPX focuses on engineered products in high-tech niches, avoiding competition with larger players like Carrier and Trane [11] Detection and Measurement Segment - This segment includes technologies for underground inspections and monitoring, with a revenue target of around $710 million [34][37] - SPX is a leader in outdoor technologies, particularly in precision locators and inspection robots for water and gas infrastructure [8][34] Financial Performance and Growth Strategy - SPX aims to double its EBITDA from $483 million to approximately $1 billion over the next four to five years [12][18] - The company has a strong focus on strategic M&A, with a capital allocation strategy that prioritizes growth investments over dividends [26][39] - SPX has a robust balance sheet, with a pro forma leverage ratio of around 1.9 after recent acquisitions [40] Market Dynamics and Future Outlook - The company has seen double-digit organic growth driven by better product offerings, particularly in healthcare and institutional markets [56][57] - SPX is optimistic about entering the adiabatic and dry cooling tower markets, which could significantly expand its total addressable market (TAM) [61][62] - The company anticipates meaningful revenue opportunities from new products in the data center market by 2026 [66] Competitive Landscape - SPX competes with private companies in the cooling tower market but believes it has a competitive edge due to superior mechanical equipment [73][74] - The detection and measurement segment is expected to benefit from federal funding for infrastructure projects, particularly in transportation [75] Key Takeaways - SPX Technologies is well-positioned for growth in both HVAC and detection and measurement markets, with a clear strategy focused on engineered products and strategic acquisitions [2][17] - The company is leveraging its strong brand equity and market leadership to capture additional market share and drive revenue growth [10][11] - Future growth is expected to be supported by new product launches and increased federal funding for infrastructure projects [75]

SPX Technologies (SPXC) Q1 2025 Earnings Call May 01, 2025 04:45 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the First Quarter twenty twenty five SPX Technologies Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during this session, you'll need to press 11 on your telephone. You will then hear automated message advising your hand is raised. To withdraw your ...

CHARLOTTE, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 29, 2025. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2024, unless otherwise noted) Revenue of $482.6 million, up 3.7%, including 0.4% organicallyGAAP income from continuing operations of $51.7 million, up 5.1%GAAP EPS of $1.10, up 4.8%Adjusted EPS* of $1.38, ...

CHARLOTTE, N.C., April 09, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outlook ...