SPX Technologies Q4 Earnings Call Highlights

3 weeks ago 19

MarketBeat

Wed, February 25, 2026 astatine 6:48 AM CST 7 min read

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SPX closed 2025 with robust results: fourth-quarter adjusted EPS roseate 25% to $1.88 and full-year adjusted EPS accrued 21% to $6.76, portion full gross grew 19.4% and adjusted EBITDA was up astir 22% with ~50 bps of borderline expansion.
Management guided 2026 to continued maturation with gross of $2.535–$2.605 billion, adjusted EBITDA of $590–$620 million and adjusted EPS of $7.60–$8.00 (roughly 15% EPS maturation astatine the midpoint).
SPX is investing to grow HVAC capableness tied to information centers — including a 459,000 sq ft Alabama installation and astir $100 million of capex planned successful 2026 (after ~$60 million successful 2025) — aiming to adhd astir $700 million of incremental capableness and thrust data-center income toward ~12% of gross with ~50% maturation into 2026.
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SPX Technologies (NYSE:SPXC) reported a beardown decorativeness to 2025, highlighted by double-digit gross growth, higher margins, and a 21% summation successful full-year adjusted earnings. Management besides outlined a 2026 outlook that implies different twelvemonth of important growth, supported by continued spot successful HVAC demand—particularly tied to information centers—and grounds backlog successful the company’s Detection & Measurement segment.

Chief Financial Officer Mark Carano said fourth-quarter adjusted net per stock roseate 25% twelvemonth implicit twelvemonth to $1.88, portion full-year adjusted EPS accrued 21% to $6.76, landing toward the precocious extremity of the company’s anterior guidance scope of $6.65 to $6.80.

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For the 4th quarter, full institution gross accrued 19.4% twelvemonth implicit year, driven by acquisitions arsenic good arsenic integrated maturation successful some segments. Adjusted EBITDA roseate by astir 22% twelvemonth implicit year, accompanied by 50 ground points of borderline expansion. Consolidated conception income accrued $27 million, oregon 21%, to $156 million, and consolidated conception borderline improved 30 ground points.

In the HVAC segment, fourth-quarter gross grew 16.4%, including 5.5% inorganic maturation and a humble overseas speech tailwind. Organic gross accrued 10.3%, with absorption citing coagulated show successful some cooling and heating. Segment income roseate $17 million, oregon 18%, and conception borderline improved 40 ground points, which the institution attributed chiefly to higher measurement and operating leverage. Segment backlog ended the 4th astatine $585 million, up 22% organically twelvemonth implicit year.