SPX Technologies Q3 revenue up 22.6%, beats estimates

SPX Technologies

30/10/2025 20:53

Overview

SPX Q3 revenue grows 22.6% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, rising 32.4% yr/yr

Company raises 2025 adjusted EBITDA guidance

Outlook

SPX raises 2025 Adjusted EBITDA guidance to $495-$515 mln

SPX maintains 2025 revenue guidance at $2.225-$2.275 bln

Detection & Measurement income margin guidance raised to 23.25%-23.75%

Result Drivers

HVAC GROWTH - Driven by higher volumes of heating and cooling products and increased production capacity

DETECTION & MEASUREMENT GROWTH - Boosted by higher project volumes and acquisition of KTS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$592.80 mln
$576.89 mln (10 Analysts)
Q3 Adjusted EPS
Beat
$1.84
$1.61 (10 Analysts)
Q3 EPS
$1.29


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 $207.00, about 3.4% above its October 29 closing price of $200.00

Press Release: ID:nGNX10G79w

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