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. 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 (NYSE:SPXC) completed the acquisition of Thermolec Ltd. on Jan. 20, 2026 for CA$195 million (≈US$140 million). Thermolec, a Montréal-based maker of custom electric duct heating founded in 1973, has nearly 200 employees and generates approximately US$35 million of annual revenue. Thermolec will join SPX's HVAC Electric Heat business alongside Marley Engineered Products and ASPEQ.
A substantial majority of Thermolec sales are in Canada; SPX plans to expand Thermolec’s U.S. sales while using Thermolec’s Canadian customer relationships to grow MEP sales in Canada. Management expects to include Thermolec’s impact when SPX provides full-year 2026 guidance.
SPX Technologies (NYSE:SPXC) will release fourth-quarter and full-year fiscal 2025 results after U.S. markets close on Tuesday, February 24, 2026. Company executives Gene Lowe (President & CEO) and Mark Carano (VP, CFO & Treasurer) will discuss results and 2026 financial guidance on a conference call the same day at 4:45 p.m. Eastern Time. The call will be simultaneously webcast and slides will be available in the Investor Relations section of the company website. Phone dial-in details require registration via the provided link. 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) appointed Daniel Whitman as Vice President, General Counsel & Secretary, effective January 5, 2026.
Whitman joins from Parker Hannifin after a 20-year career, including 14 years as Vice President, Law, Deputy General Counsel and Assistant Secretary, where he led commercial, intellectual property, and international legal support and led EMEA legal operations during an expatriate assignment in Switzerland. He began as an IP attorney at Tarolli Sundheim Covell & Tummino and previously held engineering roles at Ingersoll-Rand and Air Technologies. Whitman holds a Juris Doctor, magna cum laude from the University of Akron and a B.S. in mechanical engineering from Purdue. He is registered to practice in Ohio and before the U.S. Patent & Trademark Office.
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.