Quarterly ResultApr 30, 2026, 04:21 PM
SPXC Q1 Revenue +17.4% to $566.8M; Raises Full-Year Guidance
AI Summary
SPX Technologies, Inc. reported strong first-quarter 2026 results, with revenue increasing 17.4% to $566.8 million and adjusted EPS rising 22.5% to $1.69. The company also raised its full-year 2026 guidance, now expecting revenue between $2.575 billion and $2.645 billion and adjusted EBITDA between $600 million and $625 million. Growth was driven by healthy demand across key end markets and contributions from recent acquisitions, particularly in the HVAC segment due to data center demand.
Key Highlights
- SPXC Q1 2026 Revenue increased 17.4% to $566.8 million (7.4% organically).
- GAAP EPS from continuing operations rose 15.5% to $1.27; Adjusted EPS increased 22.5% to $1.69.
- Adjusted EBITDA grew 22.9% to $126.1 million.
- Full-year 2026 revenue guidance raised to $2.575-$2.645 billion (up ~15% at midpoint).
- Full-year 2026 Adjusted EBITDA guidance raised to $600-$625 million (up ~21% at midpoint).
- HVAC segment revenue grew 22.0% to $394.0 million, driven by acquisitions and data center demand.
- Detection & Measurement segment revenue increased 8.3% to $172.8 million.
- Net operating cash flow from continuing operations was $29.8 million, up from $(10.4) million YoY.