SPX(US:SPXC)2025-10-30 20:45Financial Performance - Q3 2025 revenue increased by 23% to $593 million compared to $484 million in Q3 2024[13, 15] - Adjusted EBITDA for Q3 2025 grew by 31% to $136 million, up from $104 million in Q3 2024, with a margin expansion of 150 bps[15, 18] - Adjusted EPS for Q3 2025 was $1.84, compared to $1.39 in Q3 2024, representing a 32% growth[12, 23, 25] - Consolidated segment income increased by 22.6% year-over-year, with a 14.3% organic increase and an 8.2% impact from acquisitions[32] Segment Results - HVAC segment revenue increased by 15.5% to $387 million in Q3 2025, with a 9% organic increase and a 6.7% acquisition impact[36, 38] - Detection & Measurement segment revenue increased by 38.4% to $205 million in Q3 2025, driven by a 26.5% organic increase and an 11.6% acquisition impact[42, 44] - Detection & Measurement segment margin increased by 240 bps year-over-year[32, 44] Financial Position and Guidance - The company raised over $1 billion of additional capital through equity offering and credit facility refinancing, which is not dilutive to 2025 EPS[12] - Total debt decreased from $1.019 billion in Q2 2025 to $502 million in Q3 2025[47] - The company is raising its full-year 2025 adjusted EBITDA guidance to a midpoint of $505 million, implying 20% year-over-year growth[10] - Full-year 2025 revenue guidance is maintained at $2.225-$2.275 billion, with HVAC revenue projected at $1.500-$1.530 billion and Detection & Measurement at $725-$745 million[52]