Brief: SPX Technologies Q2 Adjusted EPS USD 1.65 Vs. IBES Estimate USD 1.45

SPX Technologies

31/07/2025 21:05

Overview

SPX Q2 revenue rises 10.2% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 increases 16.2%, exceeding consensus estimates, per LSEG data

Co, which supplies detection and measurement products,  raises 2025 guidance

Outlook

SPX raises 2025 revenue guidance to $2.225-$2.275 bln

Company expects 2025 adjusted EBITDA of $485-$510 mln

SPX sees 2025 adjusted EPS of $6.35-$6.65

Company confident in strong customer demand for second half of 2025

Result Drivers

HVAC SEGMENT GROWTH - Revenue increased by 5.7% due to inorganic growth from acquisitions and higher volumes of heating and cooling products, despite a larger service project in the previous year

DETECTION & MEASUREMENT GROWTH - Revenue in this segment rose 21.3% driven by the acquisition of KTS and higher project volumes in communication technologies and transportation systems, partially offset by lower volumes in aids to navigation

STRATEGIC INITIATIVES - Co is advancing growth initiatives and new product introductions, including expanding production capacity for Engineered Air Movement businesses and launching the OlympusV Max cooling solution for data centers, per CEO Gene Lowe

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$552.40 mln
$546.60 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.65
$1.45 (7 Analysts)
Q2 EPS
$1.1


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for SPX Technologies Inc is $195.00, about 7% above its July 30 closing price of $181.26

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX8bFhZw

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)