SPXC Chart
About

SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement and handling solutions for the industrial, institutional, and commercial HVAC markets, as well as hydronic and electrical heating and ventilation products for the residential, industrial, institutional, and commercial markets. It offers cooling products and engineered air movement and handling solutions under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Air Enterprises, and Rahn Industries brand names; hydronics and electrical heating and ventilation products under the under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Sigma, Omega, Skypeak, Thermolec, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies under the TCI, ECS, and KTS brands; and aids to navigation products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through consumers, independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. is headquartered in Charlotte, North Carolina.

Fundamentals
Scroll to Statements
Sector Industrials Industry Building Products & Equi Market Cap 10.53B
Enterprise Value 10.74B Income 245.50M Sales 2.27B
Book/sh 44.87 Cash/sh 7.30 Dividend Yield
Payout 0.00% Employees 4700 IPO
P/E 41.70 Forward P/E 24.03 PEG
P/S 4.65 P/B 4.70 P/C
EV/EBITDA 22.97 EV/Sales 4.74 Quick Ratio 1.71
Current Ratio 2.48 Debt/Eq 25.81 LT Debt/Eq
EPS (ttm) 5.06 EPS next Y 8.78 EPS Growth 27.10%
Revenue Growth 19.40% Earnings 2026-04-30 ROA 6.83%
ROE 13.56% ROIC Gross Margin 40.58%
Oper. Margin 11.49% Profit Margin 10.77% Shs Outstand 49.88M
Shs Float 48.74M Short Float 2.51% Short Ratio 2.37
Short Interest 52W High 246.68 52W Low 115.00
Beta 1.31 Avg Volume 536.52K Volume 21.97K
Target Price $266.09 Recom Strong_buy Prev Close $211.17
Price $211.02 Change -0.07%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$266.09
Mean price target
2. Current target
$211.02
Latest analyst target
3. DCF / Fair value
$59.65
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$211.02
Low
$225.00
High
$281.00
Mean
$266.09

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-04 init JP Morgan — → Overweight $260
2026-02-26 main Truist Securities Hold → Hold $244
2026-02-25 main Oppenheimer Outperform → Outperform $272
2026-02-25 main Wells Fargo Overweight → Overweight $270
2026-02-13 up B of A Securities Neutral → Buy $280
2025-12-18 main Truist Securities Hold → Hold $216
2025-12-10 reit B. Riley Securities Buy → Buy $244
2025-11-10 init TD Cowen — → Hold $225
2025-10-31 reit B. Riley Securities Buy → Buy $225
2025-10-20 init Truist Securities — → Hold $209
2025-10-14 init Wells Fargo — → Overweight $205
2025-10-08 init B of A Securities — → Neutral $202
2025-08-01 main UBS Buy → Buy $210
2025-07-08 main Oppenheimer Outperform → Outperform $197
2025-06-02 up UBS Neutral → Buy $182
2025-05-15 init B. Riley Securities — → Buy $195
2025-01-07 main UBS Neutral → Neutral $160
2024-11-25 init Wolfe Research — → Outperform $199
2024-07-18 down Oppenheimer Outperform → Perform
2024-05-08 main UBS Neutral → Neutral $142
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3363 Stock Award(Grant) at price 0.00 per share. CARANO MARK A Chief Financial Officer 2026-03-02 00:00:00 D
1 662 Stock Award(Grant) at price 0.00 per share. MCLAREN WAYNE M Officer 2026-03-02 00:00:00 D
2 1602 Stock Award(Grant) at price 0.00 per share. CARPENTER JENNIFER Officer 2026-03-02 00:00:00 D
3 19536 Stock Award(Grant) at price 0.00 per share. LOWE EUGENE JOSEPH III Chief Executive Officer 2026-03-02 00:00:00 D
4 4164 Stock Award(Grant) at price 0.00 per share. MCCLENAGHAN SEAN Officer 2026-03-02 00:00:00 D
5 82405 2257897 Conversion of Exercise of derivative security at price 27.40 per share. LOWE EUGENE JOSEPH III Chief Executive Officer 2026-03-02 00:00:00 D
6 41416 9325612 Sale at price 224.36 - 225.85 per share. LOWE EUGENE JOSEPH III Chief Executive Officer 2026-03-02 00:00:00 D
7 2735 Stock Award(Grant) at price 0.00 per share. DATA RANDALL J Officer 2026-02-24 00:00:00 D
8 2408 Stock Award(Grant) at price 0.00 per share. CARANO MARK A Chief Financial Officer 2026-02-24 00:00:00 D
9 361 Stock Award(Grant) at price 0.00 per share. MCLAREN WAYNE M Officer 2026-02-24 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-719.40K-756.00K-178.40K-4.01M
TaxRateForCalcs0.220.210.220.27
NormalizedEBITDA488.10M396.30M277.50M97.70M
TotalUnusualItems-3.30M-3.60M-800.00K-14.90M
TotalUnusualItemsExcludingGoodwill-3.30M-3.60M-800.00K-14.90M
NetIncomeFromContinuingOperationNetMinorityInterest245.50M201.80M144.70M19.80M
ReconciledDepreciation122.60M91.60M63.20M46.40M
ReconciledCostOfRevenue1.31B1.16B1.05B919.10M
EBITDA484.80M392.70M276.70M82.80M
EBIT362.20M301.10M213.50M36.40M
NetInterestIncome-43.30M-43.60M-25.50M-7.60M
InterestExpense48.10M45.70M27.20M9.30M
InterestIncome4.80M2.10M1.70M1.70M
NormalizedIncome248.08M204.64M145.32M30.69M
NetIncomeFromContinuingAndDiscontinuedOperation244.00M200.50M89.90M200.00K
TotalExpenses1.91B1.67B1.52B1.40B
TotalOperatingIncomeAsReported350.40M308.30M221.90M51.00M
DilutedAverageShares48.51M47.08M46.61M46.22M
BasicAverageShares47.83M46.19M45.55M45.34M
DilutedEPS5.034.261.930.00
BasicEPS5.104.341.970.01
DilutedNIAvailtoComStockholders244.00M200.50M89.90M200.00K
NetIncomeCommonStockholders244.00M200.50M89.90M200.00K
NetIncome244.00M200.50M89.90M200.00K
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests244.00M200.50M89.90M200.00K
NetIncomeDiscontinuousOperations-1.50M-1.30M-54.80M-19.60M
NetIncomeContinuousOperations245.50M201.80M144.70M19.80M
TaxProvision68.60M53.60M41.60M7.30M
PretaxIncome314.10M255.40M186.30M27.10M
OtherIncomeExpense5.20M-12.90M-10.90M-30.10M
OtherNonOperatingIncomeExpenses8.50M-9.30M-10.10M-15.20M
SpecialIncomeCharges-3.30M-3.60M-800.00K-14.90M
OtherSpecialCharges1.50M1.10M200.00K
ImpairmentOfCapitalAssets1.30M900.00K0.0013.70M
RestructuringAndMergernAcquisition500.00K2.70M800.00K100.00K
NetNonOperatingInterestIncomeExpense-43.30M-43.60M-25.50M-7.60M
InterestExpenseNonOperating48.10M45.70M27.20M9.30M
InterestIncomeNonOperating4.80M2.10M1.70M1.70M
OperatingIncome352.20M311.90M222.70M64.80M
OperatingExpense565.50M487.50M447.30M459.10M
OtherOperatingExpenses500.00K8.40M9.00M74.90M
DepreciationAmortizationDepletionIncomeStatement87.40M64.50M43.90M28.50M
DepreciationAndAmortizationInIncomeStatement87.40M64.50M43.90M28.50M
Amortization87.40M64.50M43.90M28.50M
AmortizationOfIntangiblesIncomeStatement87.40M64.50M43.90M28.50M
SellingGeneralAndAdministration477.60M414.60M394.40M355.70M
GrossProfit917.70M799.40M670.00M523.90M
CostOfRevenue1.35B1.18B1.07B937.00M
TotalRevenue2.27B1.98B1.74B1.46B
OperatingRevenue2.27B1.98B1.74B1.46B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber7.70M7.83M7.94M8.06M
OrdinarySharesNumber49.87M46.37M45.67M45.29M
ShareIssued57.57M54.20M53.62M53.35M
NetDebt137.60M457.80M458.90M99.00M
TotalDebt501.60M614.70M558.30M246.80M
TangibleBookValue325.90M-153.10M-191.00M222.30M
InvestedCapital2.74B2.00B1.75B1.33B
WorkingCapital682.60M366.00M308.40M387.30M
NetTangibleAssets325.90M-153.10M-191.00M222.30M
CommonStockEquity2.24B1.38B1.19B1.08B
TotalCapitalization2.73B1.96B1.72B1.32B
TotalEquityGrossMinorityInterest2.24B1.38B1.19B1.08B
StockholdersEquity2.24B1.38B1.19B1.08B
GainsLossesNotAffectingRetainedEarnings260.50M223.60M261.10M257.50M
OtherEquityAdjustments260.50M223.60M261.10M257.50M
TreasuryStock444.60M452.00M458.90M465.50M
RetainedEarnings482.80M238.80M38.30M-51.60M
AdditionalPaidInCapital1.94B1.37B1.35B1.34B
CapitalStock600.00K500.00K500.00K500.00K
CommonStock600.00K500.00K500.00K500.00K
TotalLiabilitiesNetMinorityInterest1.37B1.33B1.25B851.70M
TotalNonCurrentLiabilitiesNetMinorityInterest906.00M911.80M843.90M517.90M
OtherNonCurrentLiabilities259.60M237.00M243.80M240.10M
LiabilitiesHeldforSaleNonCurrent0.00
NonCurrentDeferredLiabilities149.70M97.80M77.00M34.80M
NonCurrentDeferredTaxesLiabilities149.70M97.80M77.00M34.80M
LongTermDebtAndCapitalLeaseObligation496.70M577.00M523.10M243.00M
LongTermDebt496.70M577.00M523.10M243.00M
CurrentLiabilities461.10M418.30M401.20M333.80M
CurrentDeferredLiabilities115.80M62.30M73.50M52.80M
CurrentDeferredRevenue115.80M62.30M73.50M52.80M
CurrentDebtAndCapitalLeaseObligation4.90M37.70M35.20M3.80M
CurrentDebt4.90M37.70M35.20M3.80M
PensionandOtherPostRetirementBenefitPlansCurrent79.30M77.10M73.30M58.30M
CurrentProvisions11.80M
PayablesAndAccruedExpenses261.10M241.20M219.20M218.90M
CurrentAccruedExpenses105.90M93.70M95.20M89.70M
Payables155.20M147.50M124.00M129.20M
TotalTaxPayable10.00M19.40M5.30M4.70M
IncomeTaxPayable10.00M19.40M5.30M4.70M
AccountsPayable145.20M128.10M118.70M124.50M
TotalAssets3.60B2.71B2.44B1.93B
TotalNonCurrentAssets2.46B1.93B1.73B1.21B
OtherNonCurrentAssets256.30M172.30M200.00M240.30M
NonCurrentDeferredAssets2.20M2.40M4.00M2.70M
NonCurrentDeferredTaxesAssets2.20M2.40M4.00M2.70M
GoodwillAndOtherIntangibleAssets1.91B1.54B1.39B856.90M
OtherIntangibleAssets868.20M703.00M680.80M401.60M
Goodwill1.04B834.50M704.80M455.30M
NetPPE290.80M218.00M140.50M109.90M
AccumulatedDepreciation-242.10M-226.90M-215.20M-201.10M
GrossPPE532.90M444.90M355.70M311.00M
MachineryFurnitureEquipment338.10M308.10M264.40M233.40M
BuildingsAndImprovements167.90M113.30M73.40M63.70M
LandAndImprovements26.90M23.50M17.90M13.90M
Properties0.000.000.000.00
CurrentAssets1.14B784.30M709.60M721.10M
OtherCurrentAssets55.30M31.50M37.10M41.90M
AssetsHeldForSaleCurrent0.00
Inventory302.20M271.00M276.70M244.00M
FinishedGoods56.00M68.50M79.40M73.00M
WorkInProcess33.90M32.30M31.40M25.70M
RawMaterials212.30M170.20M165.90M145.30M
Receivables422.20M324.90M296.40M287.40M
OtherReceivables65.00M11.30M16.60M23.90M
AccountsReceivable357.20M313.60M279.80M263.50M
AllowanceForDoubtfulAccountsReceivable-15.10M-12.50M-11.50M-10.40M
GrossAccountsReceivable372.30M326.10M291.30M273.90M
CashCashEquivalentsAndShortTermInvestments364.00M156.90M99.40M147.80M
CashAndCashEquivalents364.00M156.90M99.40M147.80M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow241.20M247.90M184.60M-152.70M
RepurchaseOfCapitalStock0.000.00-33.70M0.00
RepaymentOfDebt-1.37B-602.00M-734.90M-244.50M
IssuanceOfDebt1.26B656.80M1.05B245.00M
IssuanceOfCapitalStock551.10M0.000.00
CapitalExpenditure-92.10M-38.00M-23.90M-15.90M
InterestPaidSupplementalData41.70M43.40M25.60M6.50M
IncomeTaxPaidSupplementalData57.30M43.50M58.40M59.60M
EndCashPosition366.00M161.40M104.90M157.10M
BeginningCashPosition161.40M104.90M157.10M396.00M
EffectOfExchangeRateChanges6.80M2.00M-100.00K2.90M
ChangesInCash197.80M54.50M-52.10M-241.80M
FinancingCashFlow425.50M53.10M309.60M-38.90M
CashFromDiscontinuedFinancingActivities0.000.000.001.00M
CashFlowFromContinuingFinancingActivities425.50M53.10M309.60M-39.90M
NetOtherFinancingCharges-12.10M-1.70M-2.60M-6.70M
NetCommonStockIssuance551.10M0.000.00-33.70M
CommonStockPayments0.000.00-33.70M0.00
CommonStockIssuance551.10M0.000.00
NetIssuancePaymentsOfDebt-113.50M54.80M312.20M500.00K
NetShortTermDebtIssuance-136.10M
ShortTermDebtPayments-346.00M
ShortTermDebtIssuance209.90M
NetLongTermDebtIssuance-113.50M54.80M312.20M500.00K
LongTermDebtPayments-1.37B-602.00M-734.90M-244.50M
LongTermDebtIssuance1.26B656.80M1.05B245.00M
InvestingCashFlow-561.00M-284.50M-570.20M-66.10M
CashFromDiscontinuedInvestingActivities0.000.000.00-13.90M
CashFlowFromContinuingInvestingActivities-561.00M-284.50M-570.20M-52.20M
NetOtherInvestingChanges-23.90M45.50M700.00K3.70M
NetBusinessPurchaseAndSale-445.00M-292.00M-547.00M-40.00M
PurchaseOfBusiness-445.00M-292.00M-547.00M-40.00M
CapitalExpenditureReported-92.10M-38.00M-23.90M-15.90M
OperatingCashFlow333.30M285.90M208.50M-136.80M
CashFromDiscontinuedOperatingActivities-2.30M-27.20M-35.30M-21.60M
CashFlowFromContinuingOperatingActivities335.60M313.10M243.80M-115.20M
ChangeInWorkingCapital-54.30M6.90M34.50M-127.40M
ChangeInPayablesAndAccruedExpense24.70M-4.30M7.00M-73.70M
ChangeInPayable24.70M-4.30M7.00M-73.70M
ChangeInAccountPayable24.70M-4.30M7.00M-73.70M
ChangeInInventory2.80M9.10M-3.10M-53.40M
ChangeInReceivables-81.80M2.10M30.60M-300.00K
ChangesInAccountReceivables-81.80M2.10M30.60M-300.00K
OtherNonCashItems-18.60M-6.70M-5.20M1.60M
StockBasedCompensation16.70M15.00M13.40M10.90M
UnrealizedGainLossOnInvestmentSecurities-23.00M4.20M-3.60M3.00M
AssetImpairmentCharge700.00K0.000.0013.40M
DeferredTax26.10M-15.10M-25.20M-21.40M
DeferredIncomeTax26.10M-15.10M-25.20M-21.40M
DepreciationAmortizationDepletion122.60M91.60M63.20M46.40M
DepreciationAndAmortization122.60M91.60M63.20M46.40M
OperatingGainsLosses19.90M15.40M22.00M-61.50M
PensionAndEmployeeBenefitExpense19.90M15.40M22.00M3.40M
GainLossOnSaleOfBusiness0.000.00-138.80M0.00
NetIncomeFromContinuingOperations245.50M201.80M144.70M19.80M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SPXC
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status