SPX Technologies Q4 revenue beats estimates

SPX Technologies

24/02/2026 21:16

Overview

Diversified product supplier's Q4 revenue rose 19.4%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company expanded HVAC segment with Thermolec and Crawford United acquisitions

Outlook

SPX Technologies forecasts 2026 revenue between $2.535 bln and $2.605 bln

Company expects 2026 adjusted EBITDA between $590 mln and $620 mln

SPX anticipates 2026 adjusted EPS between $7.60 and $8.00

Result Drivers

HVAC GROWTH - Revenue increase driven by higher volumes of heating and cooling products, increased production capacity, and acquisitions such as Sigma & Omega

DETECTION & MEASUREMENT GROWTH - Revenue increase driven by the acquisition of KTS and higher project volumes in aids to navigation and transportation systems

PRODUCT AND CAPACITY EXPANSION - New product introductions and production capacity expansions position company for sustained growth

Company press release: ID:nGNX2ySCZN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$637.30 mln
$625.99 mln (10 Analysts)
Q4 Adjusted EPS
Beat
$1.88
$1.87 (10 Analysts)
Q4 EPS
$1.54


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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 $235.00, about 0.9% below its February 23 closing price of $237.18

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)