SPX Technologies Reports Strong Q4 & Full-Year 2025 Results, Issues Robust Double-Digit Growth Guidance for 2026
Summary
SPX Technologies reported strong fourth quarter and full-year 2025 financial results, exceeding expectations, and provided optimistic double-digit growth guidance for 2026.
Key Events
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Strong Q4 2025 Performance
Revenue increased by 19.4% to $637.3 million, GAAP EPS rose 29.4% to $1.54, and Adjusted EPS grew 24.5% to $1.88 compared to Q4 2024.
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Robust Full-Year 2025 Results
Full-year revenue reached $2.265 billion, up 14.2%, with GAAP EPS of $5.06 (up 17.9%) and Adjusted EPS of $6.76 (up 21.1%) over 2024.
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Positive 2026 Guidance
The company anticipates full-year 2026 revenue between $2.535 billion and $2.605 billion (up ~13% at midpoint), Adjusted EBITDA between $590 million and $620 million (up ~20%), and Adjusted EPS between $7.60 and $8.00 (up ~15%).
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Strategic Acquisitions and Market Demand
Management highlighted healthy demand across key end markets, strong operational execution, and contributions from recent acquisitions, including Thermolec and Crawford United's air handling segment in Q1 2026.
Analysis
SPX Technologies delivered impressive financial results for both the fourth quarter and full-year 2025, with double-digit growth across key metrics including revenue, GAAP EPS, and Adjusted EBITDA. The company's positive momentum is expected to continue into 2026, as evidenced by its strong guidance projecting further double-digit increases in revenue, Adjusted EBITDA, and Adjusted EPS. This consistent performance, coupled with strategic acquisitions and healthy demand in key end markets, reinforces a positive outlook for the company, especially as its stock trades near its 52-week high.
At the time of this filing, SPXC was trading at $243.04 on NYSE in the Technology sector, with a market capitalization of approximately $12.1B. The 52-week trading range was $115.00 to $246.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.