SPX Technologies, Inc. SEC Filings

Vanguard Portfolio Management LLC, together with certain affiliates, reports beneficial ownership of common stock of SPX Technologies Inc. As of June 30, 2026, it beneficially owned 2,271,592 shares, representing 4.53% of the outstanding common stock.

The filer has sole voting power over 6,084 shares and sole dispositive power over 2,271,592 shares, with no shared voting or dispositive power. The holdings include securities held by Vanguard funds and managed accounts, and no other single person has an interest in more than 5% of the class through these positions.

SPX Technologies reported higher Q2 2026 results, with revenue of $679.0 million up from $552.4 million and net income of $78.4 million up from $52.2 million. Income from continuing operations was $79.3 million and diluted EPS from continuing operations was $1.56 versus $1.10 a year earlier.

For the first six months of 2026, revenue reached $1,245.8 million versus $1,035.0 million and net income was $138.3 million versus $103.4 million, with both the HVAC and Detection and Measurement segments contributing. In Q2, HVAC revenue was $480.6 million and Detection and Measurement revenue was $198.4 million.

Net cash from operating activities in the first half increased to $120.2 million from $31.6 million. The company completed the acquisitions of Thermolec ($140.2 million) and Crawford United ($299.4 million), increasing goodwill and intangibles and supporting HVAC growth. Total debt rose to $614.7 million and cash and equivalents were $168.2 million. Crawford’s non-core businesses were sold for $60.0 million and are reported as discontinued operations, with a $5.7 million loss on disposition recorded in the first half.

SPX Technologies, Inc. reported strong results for the second quarter ended June 27, 2026, with revenue of $679.0 million from continuing operations, up 22.9% year-over-year, GAAP income from continuing operations of $79.3 million, up 51.0%, GAAP EPS of $1.56, up 41.8%, and adjusted EPS of $2.02, up 22.4%. Adjusted EBITDA was $151.8 million, up 19.8%.

HVAC revenue rose to $480.6 million, a 27.6% increase with 18.9% organic growth, while Detection & Measurement revenue reached $198.4 million, up 12.9%, and its margin expanded to 28.9%, up 610 basis points. Operating cash flow from continuing operations improved to $90.4 million and adjusted free cash flow to $72.1 million.

The company raised its 2026 outlook, guiding to revenue of $2.705–$2.765 billion, adjusted EBITDA of $630–$660 million, and adjusted EPS of $8.20–$8.60. Management highlighted robust data center demand, contributions from recent acquisitions including Neptronic, and an estimated annual data center revenue capacity of approximately $1.1 billion at full production.

BlackRock, Inc. filed an amended Schedule 13G reporting its beneficial ownership of common stock of SPX Technologies, Inc.. As of 06/30/2026, BlackRock reported beneficial ownership of 4,476,578 shares of SPX Technologies common stock, representing 8.9% of the class.

BlackRock reported sole voting power4,359,550 shares and sole dispositive power4,476,578 shares, with no shared voting or dispositive power. Various underlying clients have economic rights to dividends and sale proceeds, but no single client holds more than five percent of SPX Technologies’ outstanding common shares.

Deck Brian A reported acquisition or exercise transactions in this Form 4 filing.

SPX Technologies, Inc. reported that director Brian A. Deck received a grant of 542 shares of Common Stock in the form of restricted stock units on 2026-07-27 under the SPX 2019 Stock Compensation Plan. Following this award, he directly holds 742 shares of Common Stock, including unvested restricted stock units.

SPX Technologies, Inc. director Brian A. Deck reported ownership of 200 shares of Common Stock, held directly, as of 2026-07-27. This Form 3 ownership report lists a holding position only, with no reported purchases, sales, or derivative security transactions.

SPX Technologies, Inc. elected Brian Deck as a new independent director, effective July 27, 2026. He has also been appointed to the Board’s Audit and Governance & Sustainability Committees. His cash and equity compensation will be pro-rated for his service through the Company’s 2027 Annual Meeting of Stockholders.

Non-employee directors receive an annual cash retainer of $100,000 and an annual grant of time-vested restricted stock units with a grant date value of $150,000, which for Mr. Deck will vest the day before the 2027 Annual Meeting, subject to continued service. He currently serves as Chief Executive Officer of JBT Marel Corporation and previously held senior financial roles at National Material, Ryerson, General Electric and Bank One Corporation. SPX supplies highly engineered products and technologies in the HVAC and detection and measurement markets, with approximately 5,300 employees in 16 countries.

SPX Technologies, Inc. reports that John W. Swann III, President of its Detection and Measurement Segment, has informed the company of his decision to retire in January 2027. This is a planned leadership transition within a major operating segment rather than an immediate change.

Willis Angel S reported acquisition or exercise transactions in this Form 4 filing.

SPX Technologies director Willis Angel received an equity grant in the form of restricted stock units under the SPX 2019 Stock Compensation Plan. The award covers 754 shares of Common Stock at no cash cost, and the reported total direct holdings after this grant are 9,364 shares, which include unvested restricted stock units.