NYSE$SPXC

SPX Technologies Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

SPX Technologies reported Q4 2025 revenue of $637.3M (+19%) and EPS of $1.54.

Q4 revenue $637.3M (+19.4%); GAAP income from continuing ops $78.2M; EPS $1.54; adjusted EPS $1.88. FY revenue $2.265B (+14%). 2026 guide: revenue $2.535B–$2.605B; adj. EPS $7.60–$8.00.

  • Q4 revenue $637.3M (+19%).
  • Adj. EPS $1.88.
  • FY revenue $2.27B.
  • 2026 adj. EPS $7.60–$8.00.

Headline financials

Total Revenue

$637M

Previous: $534M+19.4%
EPS (adj)

$1.88

Previous: $1.51+24.5%
Adjusted EBITDA

$142M

No prior period
Consolidated Segment Income

$156M

No prior period
Segment Income %

24.5%

No prior period
Operating Cash Flow

$196M

No prior period
Capital Expenditures

$68.5M

No prior period
HVAC Organic Growth

10.3%

No prior period
D&M Organic Growth

1.7%

No prior period
Net Income

$78.2M

Previous: $57.1M+37.0%
Operating Income

$100M

Previous: $90.2M+11.0%

Revenue & EPS history

SPX · Revenue · Quarterly

$637M

Q4 2025+19.4%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

SPX · $449M total across 2 segments · Q3 2023

  • HVAC
    $289M+27.0%
  • Detection & Measurement
    $160M+11.8%

Forward guidance

2026 revenue ~+13% at midpoint; adjusted EBITDA $590M–$620M (~+20%).

Tailwinds

  • HVAC/infrastructure demand.
  • Margin expansion.
  • Backlog and pricing power.

Headwinds

  • Construction cycle risk.
  • Integration of acquisitions.
  • Tariff/material costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.7%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+4.2%

Avg return

30 days after

64%

46 / 72 earnings

Positive

+18.8%

Q1 2023

Best reaction

-17.9%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%-1.7%+2.4%
Q4 2025-6.1%-7.4%-17.7%
Q3 2025+7.7%+12.2%+8.1%
Q1 2025+5.2%+10.1%+11.3%
Q4 2024+10.9%+1.7%-5.1%
Q3 2024-9.9%-7.1%+10.8%
Q2 2024-2.0%-1.6%+10.6%
Q1 2024+7.5%+11.8%+14.5%
Q4 2023-0.9%+4.2%+9.1%
Q3 2023+1.9%+4.1%+8.1%
Q2 2023+5.1%-0.8%-5.1%
Q1 2023+18.8%+17.8%+31.6%
Q4 2022-0.8%-2.7%-7.8%
Q3 2022+6.2%+9.9%+10.0%
Q2 2022+4.7%+4.0%+4.5%
Q1 2022+3.6%+2.5%+18.4%
Q4 2021-4.2%-1.8%-5.3%
Q3 2021+0.9%+8.3%-3.5%
Q2 2021+1.1%-0.4%-4.7%
Q1 2021+4.6%+3.4%+2.6%
Q4 2020+1.3%-2.4%+1.0%
Q3 2020-3.1%-1.1%+20.9%
Q2 2020-0.5%-0.8%-0.3%
Q1 2020-11.7%-11.1%-2.7%
Q4 2019+0.4%-0.0%-29.4%
Q3 2019+7.1%+10.7%+12.4%
Q2 2019+4.9%+3.3%+8.7%
Q1 2019-1.4%-5.4%-17.5%
Q4 2018+11.9%+17.1%+9.6%
Q3 2018-2.9%-1.7%+0.9%
Q2 2018-0.7%-0.4%-7.5%
Q1 2018-0.9%+2.5%+6.9%
Q4 2017+1.5%+6.3%+3.1%
Q3 2017+9.8%+7.9%+10.2%
Q2 2017-3.7%-5.9%-11.9%
Q1 2017+17.3%+13.5%+4.9%
Q4 2016+7.5%+5.4%-6.7%
Q3 2016+0.2%+2.1%+35.7%
Q2 2016+17.5%+18.5%+32.5%
Q1 2016+4.9%
Q4 2015+13.9%
Q3 2015-5.1%
Q2 2015+3.3%
Q1 2015+1.2%
Q4 2014+1.4%
Q3 2014-2.3%
Q2 2014-4.2%
Q1 2014+1.6%
Q4 2013+1.3%
Q3 2013+4.7%
Q2 2013+4.7%
Q1 2013-2.0%
Q4 2012+0.3%
Q3 2012+4.5%
Q2 2012-2.9%
Q1 2012+0.9%
Q4 2011-0.4%
Q3 2011+14.6%
Q2 2011-17.9%
Q1 2011+0.1%
Q4 2010-6.8%
Q3 2010-2.2%
Q2 2010+2.8%
Q1 2009-4.2%
Q1 2010+1.0%
Q4 2009+2.6%
Q4 2007+2.6%
Q3 2009-8.9%
Q3 2008-8.9%
Q2 2009+2.0%
Q4 2008+2.0%
Q2 2008+2.0%

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