Welcome to our dedicated page for SPX TECHNOLOGIES news (Ticker: SPXC), a resource for investors and traders seeking the latest updates and insights on SPX TECHNOLOGIES stock.
SPX Technologies Inc (SPXC) delivers engineered solutions and advanced measurement systems for critical infrastructure and industrial markets. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and technological advancements.
Access real-time announcements including quarterly earnings, product innovations, and acquisition activity. Our curated feed ensures you stay informed about SPXC's HVAC system enhancements and detection technology breakthroughs without market speculation.
Key updates cover operational expansions, leadership changes, and partnerships driving digital interoperability in tactical networks. Bookmark this page for direct access to SEC filings, press releases, and objective analysis of market-moving events.
Return regularly for comprehensive coverage of SPXC's global engineering projects and maintenance service updates across commercial and defense sectors. All content undergoes strict editorial review to maintain factual accuracy and relevance for decision-makers.
SPX Technologies (NYSE:SPXC) has announced the pricing of its public offering of 2,659,575 shares of common stock at $188.00 per share. The offering is expected to generate approximately $500.0 million in gross proceeds before deducting underwriting costs and expenses.
The company has also granted underwriters a 30-day option to purchase up to 398,936 additional shares. The offering is expected to close around August 14, 2025. BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers, with several other firms acting as co-managers.
SPX Technologies (NYSE:SPXC) has announced plans for a significant public offering of common stock valued at $500 million. The company will also grant underwriters a 30-day option to purchase up to an additional $75 million of shares.
The offering will be managed by joint book-runners BofA Securities, J.P. Morgan, and Wells Fargo Securities, with TD Cowen and Truist Securities also serving as book-running managers. The offering will be conducted through an effective automatic shelf registration statement previously filed with the SEC.
SPX Technologies (NYSE:SPXC) reported strong Q2 2025 results with significant growth across key metrics. Revenue increased 10.2% to $552.4 million, while GAAP EPS rose 14.6% to $1.10. The company's adjusted EBITDA grew 16.3% to $126.7 million.
Due to strong performance and positive outlook, SPX raised its full-year 2025 guidance, now expecting revenue of $2.225-$2.275 billion (up ~13% YoY) and adjusted EBITDA of $485-$510 million (up ~18% YoY). The HVAC segment showed notable margin improvement, while Detection & Measurement segment saw substantial revenue growth of 21.3%.
The company continues to advance its growth initiatives, including expansion of Engineered Air Movement production capacity and the launch of the new OlympusV Max cooling solution for data centers.
SPX Technologies (NYSE:SPXC) has scheduled its second quarter 2025 financial results announcement for Thursday, July 31, 2025, after U.S. market close. The company will host a conference call at 4:45 p.m. Eastern Time featuring CEO Gene Lowe and CFO Mark Carano to discuss the results and business outlook.
Investors can access the webcast and presentation slides through the company's Investor Relations website. A conference call dial-in option is available through pre-registration, and participants are encouraged to join fifteen minutes before the start time. A replay will be available on the company's website.
SPX Technologies (NYSE:SPXC) has completed the acquisition of Toronto-based Sigma & Omega for $144 million (CAD 200 million). Founded in 1997, Sigma & Omega manufactures hydronic heating and cooling equipment, including vertical stack heat pumps, fan coils, and commercial self-contained units.
The acquired company, with 220 employees, is projected to generate $65 million in annual revenue for 2025. Sigma & Omega will operate within SPX's HVAC segment as part of its hydronics business. While currently focused on Canadian customers, SPX plans to expand U.S.-based production to increase American market penetration.
The acquisition multiple aligns with SPX's typical range of 8x-12x Adjusted EBITDA. SPX will update its full-year 2025 guidance to include Sigma & Omega's impact during Q1 2025 results announcement on May 1, 2025.
SPX Technologies (NYSE:SPXC) has scheduled its first quarter 2025 financial results announcement for Thursday, May 1, 2025, after U.S. market close. The company will host a conference call at 4:45 p.m. Eastern Time on the same day, featuring President and CEO Gene Lowe and VP, CFO and Treasurer Mark Carano, who will discuss financial results and business outlook.
The presentation will be accessible through a simultaneous webcast with slides available in the Investor Relations section of SPX's website. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A webcast replay will be available for a time on the company website.
SPX Technologies (NYSE:SPXC) has announced a facility tour of its Ingénia Technologies production site in Mirabel, Quebec, scheduled for April 1, 2025. The two-hour event, starting mid-day, will be led by SPX's corporate Investor Relations team and HVAC segment managers.
The tour is exclusively available to current and prospective investors and sell-side analysts, with attendance requiring an invitation through SPX's Investor Relations team. Ingénia, acquired by SPX in early 2024, specializes in custom air handling units within SPX's Cooling platform.
The facility, known for serving healthcare, pharmaceutical, education, food processing, and industrial markets, is currently undergoing significant expansion. Ingénia's competitive advantage stems from its advanced robotics, automation, and proprietary software, enabling rapid market deployment and enhanced customer value.
SPX Technologies (NYSE:SPXC) reported strong financial results for Q4 and full-year 2024. Q4 GAAP EPS reached $1.19 (up 78% YoY) while full-year GAAP EPS hit $4.29 (up 38% YoY). The company's full-year GAAP net income surged 123% to $200.5 million.
Q4 revenue increased to $533.7 million from $469.4 million in 2023. The HVAC segment showed remarkable performance with 18.6% revenue growth and record margins. The Detection & Measurement segment grew 4.0% in Q4, with improved segment income margins of 23.0%.
Looking ahead, SPX introduced its 2025 guidance with projected revenue of $2.13-$2.19 billion and adjusted EPS guidance of $6.00-$6.25. The company completed strategic acquisitions including Ingénia and Kranze Technology Solutions (KTS), positioning itself for continued growth.
SPX Technologies (NYSE:SPXC) has completed the acquisition of Kranze Technology Solutions (KTS), a leader in digital interoperability and tactical networking solutions. KTS will be integrated into SPX's Communication Technologies platform within its Detection & Measurement segment.
The acquisition is expected to be modestly accretive to adjusted earnings per share from continuing operations in 2025. SPX will provide detailed 2025 guidance, including KTS's impact, during its Q4 2024 results announcement on February 25, 2025.
The strategic acquisition enhances SPX's position in Communication Technologies, complementing its existing tactical datalinks, communications intelligence, and RF countermeasure offerings. It also expands SPX's presence in U.S. defense platforms and creates growth opportunities across its global customer base.
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