SPX, also known as SPX Technologies, is a publicly owned company headquartered in the US. Founded in 1912, it operates with approximately 1,910 employees. The company specializes in industrial machinery manufacturing, supplying engineered heating, ventilation, and air conditioning (HVAC) products, alongside detection and measurement technologies and power equipment.
SPX Technologies reported a strong start to 2026 on May 1, noting double-digit growth in first-quarter revenue and profit metrics, driven by acquisitions and strong organic growth in its HVAC business. The company subsequently raised its full-year outlook, attributing the increase to robust Q1 results, particularly in Detection & Measurement (D&M), and anticipated additional data center-related volume in the second half. Earlier on May 1, the company released its first-quarter 2026 results, detailing revenue of $566.8 million and diluted earnings per share of $1.19, with growth across its HVAC and D&M segments. Previously, on April 30, SPX Technologies raised its 2026 adjusted EPS guidance midpoint to $7.95, citing the strong quarter despite Section 232 tariff headwinds. This followed the company's Q1 CY2026 results, also reported on April 30, which showed sales increasing 17.4% year-on-year to $566.8 million, surpassing market revenue expectations. The company also provided a full-year revenue guidance midpoint of $2.61 billion, 1.3% above analysts’ estimates, with data center demand and tariffs shaping the outlook.
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