Q4 2025 SPX Technologies Inc Earnings Call Transcript
Key Points
- SPX Technologies Inc (SPXC) reported a 21% increase in full-year adjusted EBITDA and adjusted EPS, showcasing strong performance across both segments.
- The company completed strategic acquisitions, including Thermolec, Air Enterprises, and Rahn Industries, which strengthen its position in the electric heat and engineered air movement markets.
- SPX Technologies Inc (SPXC) introduced 2026 guidance with an expected 20% adjusted EBITDA growth at the midpoint, indicating continued strong performance.
- The HVAC segment saw a 16.4% year-over-year revenue growth, driven by both organic growth and recent acquisitions.
- The Detection and Measurement segment experienced a 26.3% year-over-year revenue increase, with a significant contribution from the KTS acquisition and organic growth.
- The company anticipates $100 million in capital investments for HVAC expansion in 2026, which could impact cash flow.
- There is a $20 million revenue headwind in the Detection and Measurement segment for 2026 due to project pull-forwards from 2025.
- The HVAC segment's margin expansion is expected to be limited to 25 basis points in 2026 due to start-up costs related to new facilities.
- The company faces potential challenges in integrating recent acquisitions and realizing expected synergies.
- SPX Technologies Inc (SPXC) is exposed to potential volatility in metal prices and tariffs, which could impact costs.
Good day, and thank you for standing by. Welcome to the SPX Technologies fourth-quarter 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to your speaker today, Mark Carano, Chief Financial Officer. Please go ahead.
Thank you, operator. Good afternoon, everyone. Thanks for joining us. With me on the call today is Gene Lowe, our President and Chief Executive Officer.
Our press release containing our fourth-quarter and full-year results was issued today after market close. You can find the release and our earnings slide presentation as well as a link to a live webcast of this call in the Investor Relations section of our website at spx.com.
I encourage you to review our disclosure and discussion of GAAP results in the press release and to follow along with the slide presentation during our prepared remarks. A replay of the webcast will be
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
