SPX TECHNOLOGIES INC Stock Price, News & Analysis

SPX Technologies (NYSE:SPXC) agreed to acquire Crawford United for an estimated $300 million, with Crawford shareholders to receive approximately $83.42 per share in cash after customary adjustments. The deal adds Crawford’s Commercial Air-Handling Equipment segment (Air Enterprises and Rahn Industries) to SPX’s HVAC segment; that segment reported $81.6 million in sales and $22.8 million operating profit for the trailing twelve months ended Sept. 30, 2025.

Non-core Industrial & Transportation Products businesses will be recorded as assets held for sale and reported as discontinued operations. The transaction is expected to close in Q1 2026, subject to regulatory approvals and Crawford shareholder approval.

SPX Technologies (NYSE:SPXC) reported Q3 2025 results for the quarter ended Sept 27, 2025, with revenue $592.8M (+22.6% vs. Q3 2024) and GAAP EPS $1.29 (+19.4%). Adjusted EPS was $1.84 (+32.4%) and Adjusted EBITDA $136.1M (+30.9%).

The company raised full‑year 2025 guidance: maintaining revenue range $2.225–$2.275B, and increasing Adjusted EBITDA to $495–$515M and Adjusted EPS to $6.65–$6.80 (midpoint ~+20% EBITDA YoY).

SPX Technologies (NYSE:SPXC) will release third quarter fiscal 2025 financial results after market close on Thursday, October 30, 2025.

Company executives Gene Lowe (President & CEO) and Mark Carano (VP, CFO & Treasurer) will discuss results and outlook on a conference call the same day at 4:45 p.m. ET. The call will be webcast and slides will be posted in the Investor Relations webcasts and presentations section. Phone dial-in details are available via the provided registration link and participants are encouraged to join 15 minutes early. A replay of the webcast will be available for a limited time on the company website.

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) reported strong Q1 2025 results with revenue reaching $482.6 million, up 3.7% year-over-year. The company's GAAP EPS increased 4.8% to $1.10, while Adjusted EPS grew 10.4% to $1.38. Notably, Adjusted EBITDA rose 11.5% to $102.6 million. SPX raised its 2025 guidance, now projecting revenue of $2.20-2.26 billion and Adjusted EBITDA of $470-495 million. The HVAC segment showed strong performance with 6.8% revenue growth, while Detection & Measurement saw a 2% revenue decline but improved margins. The company completed the strategic acquisition of Sigma & Omega in April, strengthening its HVAC segment. Management remains optimistic about healthy demand in core markets despite macroeconomic challenges.

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.