SPX Technologies, Inc.SPXCEarnings & Financial Report
SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...
Revenue
$501.3M
Gross Profit
$200.8M
Operating Profit
$74.6M
Net Profit
$44.2M
Gross Margin
40.1%
Operating Margin
14.9%
Net Margin
8.8%
YoY Growth
25.4%
EPS
$0.94
SPX Technologies, Inc. Q2 FY2024 Financial Summary
SPX Technologies, Inc. reported revenue of $501.3M (up 25.4% YoY) for Q2 FY2024, with a net profit of $44.2M (up 3.3% YoY) (8.8% margin). Cost of goods sold was $300.5M, operating expenses totaled $126.2M.
Key Financial Metrics
| Total Revenue | $501.3M |
|---|---|
| Net Profit | $44.2M |
| Gross Margin | 40.1% |
| Operating Margin | 14.9% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
SPX Technologies, Inc. Q2 FY2024 revenue of $501.3M breaks down across 5 segments, led by Package And Process Cooling Equipment And Services And Engineered Air Movement Solutions at $244.6M (48.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Package And Process Cooling Equipment And Services And Engineered Air Movement Solutions | $244.6M | 48.8% |
| Boiler Electrical Heating And Ventilation | $111.9M | 22.3% |
| Communication Technologies Aids To Navigation And Transportation Systems | $78.7M | 15.7% |
| Transferred Over Time | $41.5M | 8.3% |
| Ingenia Technologies Inc. | $21.6M | 4.3% |
SPX Technologies, Inc. Revenue by Segment — Quarterly Trend
SPX Technologies, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Package And Process Cooling Equipment And Services And Engineered Air Movement Solutions and Boiler Electrical Heating And Ventilation) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | — | — | $33.5M | $31.3M |
SPX Technologies, Inc. Annual Revenue by Year
SPX Technologies, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.3B |
| 2024 | $2.0B |
SPX Technologies, Inc. Quarterly Revenue & Net Profit History
SPX Technologies, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $566.8M | +22.0% | $59.9M | 10.6% |
| Q4 FY2025 | $637.3M | +19.4% | $77.9M | 12.2% |
| Q3 FY2025 | $592.8M | +22.6% | $62.7M | 10.6% |
| Q2 FY2025 | $552.4M | +10.2% | $52.2M | 9.4% |
| Q1 FY2025 | $482.6M | +3.7% | $51.2M | 10.6% |
| Q4 FY2024 | $533.7M | +13.7% | $57.1M | 10.7% |
| Q3 FY2024 | $483.7M | +7.8% | $50.2M | 10.4% |
| Q2 FY2024 | $501.3M | +25.4% | $44.2M | 8.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $501.3M | $483.7M | $533.7M | $482.6M | $552.4M | $592.8M | $637.3M | $566.8M |
| YoY Growth | 25.4% | 7.8% | 13.7% | 3.7% | 10.2% | 22.6% | 19.4% | 22.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.78B | $2.81B | $2.71B | $3.14B | $3.31B | $3.45B | $3.60B | $3.88B |
| Liabilities | $1.50B | $1.45B | $1.33B | $1.69B | $1.77B | $1.30B | $1.37B | $1.59B |
| Equity | $1.28B | $1.36B | $1.38B | $1.44B | $1.53B | $2.15B | $2.24B | $2.29B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $57.5M | $51.4M | $166.5M | $-10.9M | $42.5M | $106.5M | $195.2M |