Earnings ·
SPX Reports Q3 Revenue of $714.5M, Up 20.5%, and Raises Full-Year Adjusted EPS Guidance to $8.20-$8.50
SPXCSPX Technologies, Inc.
SPX Technologies reported third-quarter revenue of $714.5 million, a 20.5% increase year-over-year, driven by strong demand in its HVAC segment. GAAP net income rose 30.6% to $81.9 million, with adjusted EPS reaching $2.21. The company raised its full-year revenue guidance to $2.745-$2.805 billion and increased the midpoint of its adjusted EPS outlook to approximately $8.35 from $8.40. SPX Technologies is a diversified global supplier of highly engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets.