Core Insights - SPX Technologies, Inc. reported strong second quarter results for 2025, with significant year-over-year profit growth and strong margin performance, particularly in the HVAC segment [2][4] - The company raised its full-year 2025 guidance, expecting Adjusted EBITDA to range from $485 million to $510 million, reflecting an approximately 18% year-over-year increase at the midpoint [2][4] Financial Performance - Revenue for Q2 2025 was $552.4 million, a 10.2% increase from $501.3 million in Q2 2024 [3][4] - Operating income rose to $86.6 million, up 16.1% from $74.6 million in the same quarter last year [3][4] - Income from continuing operations increased to $52.5 million, a 16.2% rise compared to $45.2 million in Q2 2024 [3][4] - GAAP EPS for Q2 2025 was $1.10, up 14.6% from $0.96 in Q2 2024 [3][4] - Adjusted EBITDA for Q2 2025 was $126.7 million, reflecting a 16.3% increase from $108.9 million in Q2 2024 [3][4] Segment Performance - HVAC segment revenue for Q2 2025 was $376.7 million, a 5.7% increase from $356.5 million in Q2 2024, with segment income rising to $95.8 million [6][7] - Detection & Measurement segment revenue increased by 21.3% to $175.7 million, driven by both organic and inorganic growth [8][9] - The overall consolidated segment income for Q2 2025 was $135.8 million, up 15.5% from $117.6 million in Q2 2024 [32] Guidance and Outlook - The company anticipates full-year 2025 revenue to be in the range of $2.225 billion to $2.275 billion, representing a year-on-year increase of approximately 13% at the midpoint [4][13] - Adjusted EPS is expected to range from $6.35 to $6.65, reflecting a year-on-year increase of about 16% [4][13] - The HVAC segment is projected to generate revenue between $1.500 billion and $1.530 billion, while the Detection & Measurement segment is expected to bring in $725 million to $745 million [13]