SPX Technologies, Inc. filings document the company’s operating results, governance matters, capital structure, and material corporate events as a NYSE-listed industrial technology issuer. Form 8-K reports furnish quarterly and annual financial results, guidance updates, officer changes, credit agreement amendments, and equity offering documentation tied to its common stock.
Proxy materials describe board matters, executive compensation, pay-versus-performance disclosures, shareholder voting items, and related governance practices. The filing record also reflects SPX’s reportable focus on HVAC and detection and measurement technologies, including disclosures about segment performance, acquisitions, financing arrangements, risk factors, and registered securities.
SPX Technologies, Inc. reported strong quarterly growth, with revenue rising to $566.8 million from $482.6 million and income from continuing operations increasing to $64.4 million from $51.7 million. Diluted EPS from continuing operations grew to $1.27 from $1.10, despite higher amortization and acquisition-related costs.
The company closed two HVAC acquisitions, paying $140.2 million for Thermolec and $299.4 million for Crawford United, and later sold Crawford’s non-core businesses for $60.0 million cash, recording a loss on disposition. These deals drove higher goodwill and intangibles and lifted HVAC revenue.
Cash and equivalents declined to $158.3 million from $366.0 million as business acquisitions used significant cash, while total debt increased to $674.0 million from $501.6 million. Operating activities generated $30.6 million of cash versus a use of $10.9 million a year earlier, and the company remained in compliance with its senior credit facility covenants.
SPX Technologies, Inc. reported a strong first quarter of 2026 and raised its full-year outlook. Revenue from continuing operations reached $566.8 million, up 17.4% from a year earlier, with 7.4% organic growth. GAAP income from continuing operations was $64.4 million, and GAAP EPS rose to $1.27, up 15.5%. Adjusted EPS increased 22.5% to $1.69, while adjusted EBITDA climbed 22.9% to $126.1 million.
The HVAC segment delivered revenue of $394.0 million, up 22.0%, helped by acquisitions and strong data center and heating demand. Detection & Measurement revenue grew 8.3% to $172.8 million, with margin expansion driven by mix and higher software-as-a-service revenue. Consolidated operating margin improved to 15.5% from 13.8%.
On the balance sheet, total debt increased to $674.0 million and total cash decreased to $158.3 million, reflecting substantial acquisition activity. SPX raised its 2026 guidance to revenue of $2.575–$2.645 billion, adjusted EBITDA of $600–$625 million, and adjusted EPS of $7.75–$8.15, all higher than its prior ranges.
SPX Technologies Inc reported that Vanguard Capital Management beneficially owns 2,614,255 shares of common stock, representing 5.24% of the class as reported. The filing discloses that Vanguard has sole dispositive power over 2,614,255 shares and sole voting power over 381,250 shares.
The ownership statement is signed by Ashley Grim as Head of Global Fund Administration on 04/30/2026, with the share count tied to the reporting date 03/31/2026.
Vanguard Portfolio Management reported beneficial ownership of 2,531,988 shares of SPX Technologies Inc Common Stock (CUSIP 78473E103), representing 5.07% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 2,531,988 shares and sole voting power over 42,500 shares. The Schedule 13G was signed on 04/29/2026 by Ashley Grim, Head of Global Fund Administration, and notes holdings include shares held for Vanguard funds and managed accounts.
SPX Technologies, Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on May 12, 2026. The agenda includes electing three directors, approving executive compensation on an advisory basis, and ratifying the independent auditor for 2026.
The company reports 2025 as a milestone year, with revenue up 14.2% and income from continuing operations up 21.7%, supported by strategic acquisitions, capacity expansion, and AI/digital investments. It completed a $575 million equity raise and entered new $2 billion credit facilities to fund organic and inorganic growth.
SPX highlights a three-year Total Shareholder Return of 205%, a record stock price with 37.5% year-over-year growth, and double‑digit 2026 adjusted EPS growth at the midpoint of guidance. Executive pay is heavily performance-based, with more than 80% of CEO pay at risk and a majority of long-term incentives tied to relative TSR over three years.
SPX Technologies Inc: The Vanguard Group filed Amendment No. 12 to a Schedule 13G/A reporting that, following an internal realignment and disaggregation under SEC Release No. 34-39538, certain Vanguard subsidiaries will report beneficial ownership separately. The filing states amount beneficially owned: 0 and percent of class: 0% as of the filing, with voting and dispositive powers reported as 0. The amendment is signed by Ashley Grim, Head of Global Fund Administration on 03/27/2026.
Whitman Daniel Jay reported acquisition or exercise transactions in this Form 4 filing.
SPX Technologies, Inc. reported that its VP, General Counsel & Secretary, Daniel Jay Whitman, received new equity awards. He was granted employee stock options for 1,389 shares of common stock and a separate award of 1,842 shares of common stock as restricted stock units, both at a grant price of $0.00 per share under the SPX 2019 Stock Compensation Plan. Following these awards, he directly holds 3,015 shares of common stock and 2,628 stock options, and indirectly holds 11 shares through a 401(k) plan. The footnotes state that the awards, including unvested restricted stock units and options, vest in three equal installments beginning on March 3, 2027 and February 1, 2027.
SPX Technologies, Inc. executive Sean McClenaghan, President of the HVAC segment, reported equity awards and a tax-related share disposition. On March 2, 2026, he received 4,164 shares of common stock and 3,141 employee stock options at a grant price of $0.00 under the SPX 2019 Stock Compensation Plan, with related awards vesting in three equal installments beginning on specified future dates. On March 3, 2026, 278 shares of common stock at $225.02 per share were delivered to the issuer to cover withholding taxes due upon vesting of previously granted restricted stock units, reducing but not eliminating his direct holdings. After these transactions, he directly owned 27,314 shares of common stock and several blocks of employee stock options, and indirectly held 530 shares through a 401(k) plan.
SPX Technologies, Inc. chief accounting officer Wayne M. McLaren reported routine equity compensation activity involving company common stock. He acquired 662 shares through a grant of restricted stock units under the SPX 2019 Stock Compensation Plan, at no cash cost. Separately, 80 shares were delivered back to SPX at a price of $225.02 per share to cover withholding taxes due on the vesting of previously granted restricted stock units, a tax-withholding disposition rather than an open-market sale. After these transactions, he held 7,770 shares directly, and 697 shares indirectly through a 401(k) plan, which includes unvested restricted stock units.