- SPX Technologies has raised its full-year adjusted EPS forecast to a range of $6.35 to $6.65, up from a previous forecast of $6.10 to $6.40.
- For 2025, the company’s revenue outlook has been updated to between $2.23 billion and $2.28 billion, compared to an earlier prediction of $2.20 billion to $2.26 billion.
- In the second quarter, SPX Technologies reported an adjusted EPS of $1.65, exceeding last year’s EPS of $1.42 and surpassing the estimate of $1.45.
- The company’s second-quarter revenue reached $552.4 million, marking a 10% year-over-year increase and beating the forecast of $546.7 million.
- HVAC revenue grew by 5.7% to $376.7 million, slightly below the estimate of $379.1 million.
- Revenue from the detection and measurement segment rose 21% to $175.7 million, exceeding the forecast of $167 million.
- Adjusted operating income for the second quarter was $119.5 million, representing a 16% year-over-year increase and surpassing the estimate of $104.1 million.
- The company has increased its full-year 2025 Adjusted EBITDA guidance to a range of $485 to $510 million, which is approximately an 18% increase from the previous year at the midpoint.
- SPX Technologies remains optimistic about customer demand and operational momentum for the second half of 2025.
- The stock currently has 7 buy ratings, with no hold or sell recommendations.
SPX Technologies on Smartkarma
Analyst coverage of SPX Technologies on Smartkarma reveals valuable insights into the company’s recent performance and future prospects. Baptista Research, through their report “SPX Technologies: Will The Acquisition of Sigma & Omega Be A Game Changer For Its HVAC Growth?“, commends SPX for delivering robust financial results in the first quarter of 2025. The acquisition of Sigma & Omega is seen as a strategic move that is expected to strengthen SPX’s HVAC offering and create opportunities for further growth. The positive sentiment is underscored by a 12% growth in adjusted EBITDA and a 10% increase in adjusted EPS, reflecting effective management execution and operational enhancements.
In another analysis by Baptista Research titled “SPX Corporation: Expanding HVAC and Data Center Markets To Catalyze Growth!“, the earnings report from SPX Technologies is portrayed as a blend of positive developments and potential challenges. The company’s strong finish in 2024, highlighted by a notable increase in adjusted EBITDA and solid revenue growth, indicates a promising trajectory. However, there are cautionary notes regarding challenges that could impact future performance. Overall, the reports showcase a nuanced assessment of SPX Technologies, balancing optimism for growth opportunities with a realistic outlook on the market dynamics influencing the company’s prospects.
A look at SPX Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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.’s long-term outlook appears strong based on the Smartkarma Smart Scores. With a high Growth score of 5, the company is predicted to experience significant expansion in the future. This is complemented by a Momentum score of 5, indicating a positive trend in the company’s stock prices. Despite a lower Value score of 2 and Dividend score of 1, SPX Technologies’ Resilience score of 3 suggests a moderate ability to weather economic uncertainties.
Specializing in HVAC and detection technologies, SPX Technologies, Inc. is a key player in the industry, supplying engineered products essential for various markets. Their product range includes cooling towers, fluid coolers, evaporative condensers, and air-cooled heat exchangers. The company’s overall positive Smart Scores, particularly in Growth and Momentum, indicate a promising future trajectory for SPX Technologies in the long run.
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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