- SPX Technologies reported first-quarter revenue of $482.6 million, marking a 3.7% increase compared to the previous year and closely matching the estimate of $482 million.
- The company’s HVAC segment generated $323.0 million in revenue, representing a 6.8% increase year-over-year, exceeding the estimate of $320.9 million.
- Detection and measurement revenue was slightly below expectations, at $159.6 million, a decrease of 2% year-over-year, with an estimate of $160 million.
- Adjusted operating income showed a significant increase, reaching $94.9 million, which is 12% higher than the previous year and surpasses the estimate of $87.5 million.
- SPX Technologies has raised its full-year 2025 guidance for Adjusted EBITDA to a range of $470 to $495 million, indicating an approximate 15% increase at the midpoint compared to last year.
- The adjusted EBITDA increase from the prior range of $460 to $490 million is attributed to robust first-quarter performance and the acquisition of Sigma & Omega, despite challenges from current tariff rates.
- Price increases and other mitigation efforts are helping to offset some negative impacts from tariffs.
- The company currently has 5 buy ratings, 1 hold, and no sell ratings.
SPX Technologies on Smartkarma
Analyst coverage of SPX Technologies on Smartkarma showcases positive sentiments towards the company’s performance and growth prospects. According to Baptista Research, the recent earnings report of SPX Technologies revealed a mix of positive aspects and challenges for future performance. The company demonstrated a strong finish in 2024, with a significant increase in adjusted EBITDA by 36% and adjusted EPS hitting the upper end of the guidance range. Operational highlights included a 13.7% revenue growth, supported by contributions from both the HVAC and Detection & Measurement segments.
Furthermore, Baptista Research‘s analysis on SPX Corporation emphasized the major drivers impacting its performance beyond 2025. The company’s solid performance in the third quarter of 2024, marked by substantial revenue growth and improved profitability metrics, was driven by the strength of its HVAC segment. With a 7.8% year-on-year revenue increase and a notable 15.9% growth in the HVAC segment, SPX Technologies showcased growth from both organic performance and strategic acquisitions like Ingenia, which contributed significantly to enhancing overall growth prospects.
A look at SPX Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SPX Technologies, Inc. has been analyzed using Smartkarma Smart Scores to assess its long-term outlook. With a strong emphasis on growth and momentum, the company shows promising potential in the market. Its high growth score reflects a positive trajectory for future expansion and development. Additionally, a solid momentum score indicates a strong performance trend in the market. Despite having more moderate scores in value and resilience, SPX Technologies is positioned to capitalize on growth opportunities and maintain positive momentum.
As a significant player in the HVAC and detection markets, SPX Technologies, Inc. specializes in providing engineered products and technologies. Its product range includes cooling towers, fluid coolers, evaporative condensers, and air cooled heat exchangers. With a diversified portfolio and a focus on innovation, the company’s high growth and momentum scores suggest a bright outlook for its future in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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