SPX Technologies, Inc. reports recurring developments across its engineered HVAC products and detection and measurement technologies businesses. Company news commonly covers quarterly and annual results, segment performance, production-capacity investments, customer demand for data center cooling solutions, and the contribution of heating and cooling product volumes to operating results.
Updates also include product launches such as the Marley OlympusMAX Fluid Cooler, additions to the HVAC portfolio through completed acquisitions, and corporate governance changes. The company’s disclosures emphasize cooling towers, dry and adiabatic coolers, custom electric heating, custom air-handling equipment, communication technologies, transportation systems, and related industrial markets.
SPX Technologies (SPXC) will release third-quarter fiscal 2026 financial results after U.S. financial markets close on October 29, 2026.
CEO Gene Lowe and CFO Mark Carano will discuss results and the business outlook on a conference call that day at 4:45 p.m. Eastern Time. A simultaneous webcast and slides will be available through the company’s Investor Relations website, with a webcast replay available for a limited time.
SPX Technologies (SPXC) has completed the all-cash acquisition of FIS Water, including certain tax attributes, for approximately $410 million.
FIS Water, formed in 2018, provides highly engineered water management and control solutions for commercial and industrial cooling applications, primarily through its LAKOS, Puroflux, Superior, VAF and VSI brands. The business serves many of the same customers and channels as SPX’s existing Cooling platform, including data centers and other demanding environments.
FIS Water joins SPX’s HVAC segment and will operate within the Cooling platform. Its water management products are described as highly complementary to SPX’s cooling-tower offerings and its valve and actuator portfolio complements SPX’s recently acquired Neptronic business. FIS Water, headquartered in Fresno, California with about 120 employees, is expected to generate approximately $105 million of revenue in 2026. SPX plans to update 2026 guidance, including FIS Water’s impact, with its third-quarter 2026 results.
SPX Technologies (NYSE:SPXC) reported Q2 2026 revenue of $679.0 million, up 22.9% year-on-year, with GAAP income from continuing operations of $79.3 million (+51.0%) and GAAP EPS of $1.56 (+41.8%). Adjusted EPS was $2.02 (+22.4%) and adjusted EBITDA $151.8 million (+19.8%), with a 22.4% margin.
HVAC revenue rose to $480.6 million (+27.6%; 18.9% organic, 8.5% inorganic) while margin declined 260 bps to 22.8%. Detection & Measurement revenue reached $198.4 million (+12.9% organic) with margin expanding 610 bps to 28.9%. Net operating cash flow from continuing operations was $90.4 million versus $43.4 million, and adjusted free cash flow was $72.1 million versus $37.1 million.
For 2026, SPX raised guidance to revenue of $2.705–$2.765 billion, adjusted EBITDA of $630–$660 million (23.30%–23.80% margin), and adjusted EPS of $8.20–$8.60, all higher than prior ranges. Guidance by segment now assumes HVAC revenue of $1,955–$1,995 million and Detection & Measurement revenue of $750–$770 million, both with higher margin ranges than previously outlined.
SPX Technologies (NYSE: SPXC) appointed Brian Deck as a new independent member of its Board of Directors, effective July 27, 2026. Deck will also serve on the Board’s Audit and Governance & Sustainability Committees.
According to SPX, Deck is currently Chief Executive Officer of JBT Marel Corporation (NYSE: JBTM) and has prior experience as Chief Financial Officer of National Material, with earlier financial leadership roles at Ryerson, General Electric and Bank One. SPX supplies engineered products and technologies in HVAC and detection and measurement markets, employing about 5,300 people in 16 countries.
SPX Technologies (NYSE: SPXC) has completed the acquisition of Neptronic for total cash consideration of CA$605 million (about US$430 million), subject to customary closing adjustments. The implied enterprise value to EBITDA multiple is described as modestly above SPX’s recently transacted 8–12x range.
Neptronic, based in Montreal with about 300 employees, designs and manufactures engineered HVAC solutions, including intelligent controls, electric duct heaters, humidifiers, actuators and valves, and generates approximately US$75 million in annual revenue. The business will join SPX’s HVAC segment, broadening its precision thermal management and controls-enabled HVAC offerings across existing channels and geographies. According to SPX, Neptronic’s technology and products are expected to be leveraged across the broader HVAC portfolio. Management plans to provide updated 2026 guidance incorporating Neptronic on July 30, 2026, alongside SPX’s Q2 2026 results.
SPX Technologies (NYSE:SPXC) will release its second quarter fiscal 2026 financial results after U.S. market close on Thursday, July 30, 2026. Management will host a conference call at 4:45 p.m. Eastern Time, with a simultaneous webcast and supporting slides available on the investor relations website.
SPX Technologies (NYSE: SPXC) announced a planned leadership transition in its Detection & Measurement (D&M) segment. Long-time executive John Swann plans to retire in January 2027.
Eric Kaled will succeed Swann as D&M leader effective August 31, 2026, with Swann staying through year-end to support strategic initiatives and ensure a smooth handoff.
SPX Technologies (NYSE:SPXC) reported Q1 2026 results: revenue $566.8M (+17.4%), GAAP income $64.4M (+24.6%), GAAP EPS $1.27, and Adjusted EPS $1.69 (+22.5%). Adjusted EBITDA was $126.1M (+22.9%). The company raised 2026 guidance: revenue $2.575–$2.645B and Adjusted EBITDA $600–$625M.
Liquidity shows total debt $674.0M and cash $158.3M; capital expenditures increased to $18.5M in Q1.
SPX Cooling Tech (NYSE:SPXC) launched the Marley® OlympusMAX™ Fluid Cooler on April 29, 2026, a modular dry and adiabatic cooling platform for data centers, industrial plants and high-density applications. The product offers bolt-on adiabatic modules (factory or field installable), a patent-pending recirculating adiabatic design, and unit options from 120 to 240 horsepower.
Key buildouts include Marley Geareducer gear drives, integrated redundancy for fan and VFD systems, pre-installed VFDs and PLC controls, full-size access doors, and features aimed at streamlined installation and serviceability.
SPX Technologies (NYSE:SPXC) will report first quarter fiscal 2026 results after U.S. markets close on Thursday, April 30, 2026. Management will host a conference call and simultaneous webcast at 4:45 p.m. Eastern Time to discuss results and outlook.
Slides and a replay will be available in the Investor Relations section of the company website.