SPX Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $714.5 million, up 20.5% year-on-year
- ➤Adjusted EPS $2.21, up 20.1% year-on-year
- ➤2026 revenue guidance raised to $2.745-$2.805 billion
- ➤2026 Adjusted EBITDA guidance lowered to $625-$645 million
- ➤HVAC revenue rose 35.5% to $525.0 million
Expert Statements
Gene Lowe, President and CEO of SPX Technologies
“We delivered another strong quarter, highlighted by robust revenue and earnings growth. HVAC continued to benefit from strong demand across key end markets, while Detection & Measurement delivered excellent profitability. Our results reflect the strength of our business model and the consistent execution of our teams.”
Gene Lowe, President and CEO of SPX Technologies
“We also made meaningful progress across our strategic growth initiatives. Our HVAC capacity expansion projects remain on track to support approximately $1.1 billion of annual data center revenue capacity at full production, and we recently expanded our cooling platform through the acquisition of FIS Water, further strengthening our position in attractive adjacent markets.”
Gene Lowe, President and CEO of SPX Technologies
“Our updated guidance implies approximately 25% Adjusted EBITDA* growth at the midpoint for 2026, reflecting the momentum in our business and our confidence in the opportunities ahead.”
CHARLOTTE, N.C., Oct. 29, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the third quarter ended September 26, 2026.
Third Quarter Highlights (amounts presented for continuing operations; all comparisons against the third quarter of 2025, unless otherwise noted) * Revenue of $714.5 million, up 20.5% * GAAP income from continuing operations of $82.3 million, up 30.4% * GAAP net income of $81.9 million, up 30.6% * GAAP EPS of $1.62, up 25.6% * Adjusted EPS* of $2.21, up 20.1% * Adjusted EBITDA* of $165.7 million, up 21.7% Updated 2026 Guidance (all comparisons against the full year 2025, unless otherwise noted) * Revenue range of $2.745 to $2.805 billion, up ~23% year-on-year at the midpoint (prior range: $2.705 to $2.765 billion). * Adjusted EBITDA* range of $625 to $645 million, up ~25% year-on-year at the midpoint (prior range: $630 to $660 million). * Adjusted EPS* range of $8.20 to $8.50, up ~24% year-on-year at the midpoint (prior range: $8.20 to $8.60). Gene Lowe, President and CEO, remarked, “We delivered another strong quarter, highlighted by robust revenue and earnings growth. HVAC continued to benefit from strong demand across key end markets, while Detection & Measurement delivered excellent profitability. Our results reflect the strength of our business model and the consistent execution of our teams.”
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