SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets under the Marley and Recold brands; boilers, comfort heating, and ventilation products for the residential and commercial markets under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brand names; and cooling towers. The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Warren G-V, Cues, and ULC Robotics brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, and Sabik Marine brand names. The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. SPX Corporation was founded in 1912 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: spx.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | $195.00 | Buy | B. Riley Securities |
| 2/26/2025 | Neutral → Buy | Sidoti | |
| 2/26/2025 | $165.00 | Perform → Outperform | Oppenheimer |
| 12/6/2024 | $187.00 → $175.00 | Buy → Neutral | Sidoti |
| 11/25/2024 | $199.00 | Outperform | Wolfe Research |
| 7/18/2024 | Outperform → Perform | Oppenheimer | |
| 7/5/2023 | $80.00 → $90.00 | Buy → Neutral | UBS |
| 4/17/2023 | $80.00 | Outperform | William Blair |
| 11/4/2021 | Outperform → Market Perform | William Blair | |
| 8/6/2021 | $72.00 → $74.00 | Outperform | Oppenheimer |
CHARLOTTE, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the first quarter ended March 29, 2025. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2024, unless otherwise noted) Revenue of $482.6 million, up 3.7%, including 0.4% organicallyGAAP income from continuing operations of $51.7 million, up 5.1%GAAP EPS of $1.10, up 4.8%Adjusted EPS* of $1.38, up 10.4%Adjusted EBITDA* of $102.6 million, up 11.5% Raising 2025 Guidance (all comparisons against the full year 2024, unless otherwise noted) Revenue range of $2.20 to $2.2
CHARLOTTE, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX Technologies" or the "Company") announced today that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump ("Sigma & Omega"). The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX's typical range of 8x-12x Adjusted EBITDA*. Founded in 1997, Sigma & Omega is a Toronto-based manufacturer of highly engineered hydronic heating and cooling equipment, including vertical stack heat pumps and fan coils, institutional heating products, and both air-cooled and water-cooled commercial self-contained units. With appr
CHARLOTTE, N.C., April 09, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, May 1, 2025, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will be available in the Inve
GRAND JUNCTION, Colo., April 08, 2025 (GLOBE NEWSWIRE) -- ProStar® Holdings Inc., ("ProStar®" or "the Company") (TSXV:MAPS) (OTCQX:MAPPF) (FSE: 5D00) the developers of PointMan®, Precision Mapping Solutions® is pleased to announce a Global Commercial Strategy with Radiodetection, a world leader in utility locating equipment and a subsidiary of SPX Technologies (NYSE:SPXC),. This strategic collaboration combines Radiodetection's RD82 series locating devices with PointMan to create a powerful and integrated solution for the global critical buried infrastructure industry. To read the original news release from Radiodetection, click here. A Powerful Approach to Subsurface Infrastructure Mappi
CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) -- SPX Technologies Inc. (NYSE:SPXC) will host a tour of its Ingénia Technologies production facility on April 1, 2025, in Mirabel, Quebec, near Montreal. The event will be hosted by SPX's corporate Investor Relations team and key managers of the company's HVAC segment. The event is expected to begin mid-day and last approximately two hours in total. It will be open to current and prospective investors of SPX, as well as interested sell-side analysts. An invitation will be required to participate in the event. To receive an invitation, please contact the SPX Investor Relations team at [email protected]. Headquartered in Mirabel, Quebec,
Q4 and Full Year 2024 GAAP EPS of $1.19 and $4.29 Compared with $0.67 and $3.10 in 2023, Up 78% and 38%Full-Year 2024 GAAP Net Income of $200.5 million Compared with $89.9 million in 2023, Up 123%Q4 and Full-Year Adjusted EPS* of $1.51 and $5.58 in 2024 Compared with $1.25 and $4.31 in 2023, Up 21% and 29%Introducing 2025 Full-Year Adjusted EPS* Guidance Range of $6.00-$6.25 CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the fourth quarter and year ended December 31, 2024. Gene Lowe, President and CEO, remarked, "I am very pleased with our full-year 2024 results, including Adjusted EBI
Accelerates Growth Strategy of Communications Technologies Platform;Highly Complementary Technology and Growth Markets CHARLOTTE, N.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") announced today that it has completed the acquisition of Kranze Technology Solutions, Inc. ("KTS"), a leader in digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies' Communication Technologies ("CommTech") platform, within its Detection & Measurement segment. KTS is anticipated to be modestly accretive to adjusted earnings per share from continuing operations in 2025. Management plans to provide 2025 gui
CHARLOTTE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2024 after the U.S. financial markets close on Tuesday, February 25, 2025. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Tuesday, February 25, 2025, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will
Further Strengthens and Scales Communications Technologies Platform;Significant Installed Base and Attractive Pipeline of Growth Opportunities CHARLOTTE, N.C., Dec. 23, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase Kranze Technology Solutions, Inc. ("KTS"), a leader in digital interoperability and tactical networking solutions. Upon closing, KTS will become a part of SPX Technologies' Communication Technologies ("CommTech") platform, within its Detection & Measurement segment. Headquartered in Des Plaines, Illinois, KTS has developed a strong reputation for advanced digital interoperability and tactic
CHARLOTTE, N.C., Nov. 29, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will participate in the Wolfe Research Small and Mid-Cap Conference in New York City on December 4th and virtually participate in the Sidoti Small Cap Conference on December 5th. SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will participate in meetings with investors at both conferences. At the Sidoti Small Cap Conference on December 5th, SPX will also give a live presentation and answer questions beginning at 10am Eastern Time. A link to the live audio webcast of the presen
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B. Riley Securities initiated coverage of SPX Technologies with a rating of Buy and set a new price target of $195.00
Sidoti upgraded SPX Technologies from Neutral to Buy
Oppenheimer upgraded SPX Technologies from Perform to Outperform and set a new price target of $165.00
Sidoti downgraded SPX Technologies from Buy to Neutral and set a new price target of $175.00 from $187.00 previously
Wolfe Research initiated coverage of SPX Technologies with a rating of Outperform and set a new price target of $199.00
Oppenheimer downgraded SPX Technologies from Outperform to Perform
UBS downgraded SPX Corp from Buy to Neutral and set a new price target of $90.00 from $80.00 previously
William Blair resumed coverage of SPX Corp with a rating of Outperform and set a new price target of $80.00
William Blair downgraded SPX from Outperform to Market Perform
Oppenheimer reiterated coverage of SPX with a rating of Outperform and set a new price target of $74.00 from $72.00 previously
GRAND JUNCTION, Colo., April 08, 2025 (GLOBE NEWSWIRE) -- ProStar® Holdings Inc., ("ProStar®" or "the Company") (TSXV:MAPS) (OTCQX:MAPPF) (FSE: 5D00) the developers of PointMan®, Precision Mapping Solutions® is pleased to announce a Global Commercial Strategy with Radiodetection, a world leader in utility locating equipment and a subsidiary of SPX Technologies (NYSE:SPXC),. This strategic collaboration combines Radiodetection's RD82 series locating devices with PointMan to create a powerful and integrated solution for the global critical buried infrastructure industry. To read the original news release from Radiodetection, click here. A Powerful Approach to Subsurface Infrastructure Mappi
CHARLOTTE, N.C., Sept. 26, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company"), is pleased to announce the appointment of Jennifer Carpenter as its new Chief Human Resources Officer (CHRO), effective September 30, 2024. She succeeds Tausha White, who earlier this year announced her decision to retire. Ms. Carpenter joins SPX with an extensive background of human resources and leadership experience. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Jennifer to the SPX Technologies team. Her expertise at developing strong business partnerships, building talent and organizational capabilities and empowering employees is an excellent fi
CHARLOTTE, N.C., June 10, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company), is pleased to announce the appointment of Cherée Johnson as its new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John W. Nurkin, who earlier this year announced his decision to retire. Ms. Johnson joins SPX with a diverse background of global operations and legal experience across multiple industries. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Cherée to the SPX Technologies team. Her extensive legal and executive leadership expertise is an excellent fit with SPX's growth and operational initiatives, including M&A, sust
CHARLOTTE, N.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. ("SPX Technologies," or "SPX") (NYSE:SPXC) today announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective January 3, 2023. Mr. Carano joins SPX Technologies with extensive executive experience in finance, accounting, strategy, and business development, including senior leadership roles in public companies. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Mark to the SPX Technologies team. His impressive track record as a public-company CFO, and his strong background in engineered products and growth investments are an excellent fit with S
CHARLOTTE, N.C., Sept. 26, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. ("SPX Technologies") today announced the appointment of Sean McClenaghan as President, Global Cooling and an Executive Officer of SPX Technologies. Mr. McClenaghan brings over 25 years of extensive executive leadership experience to the SPX team. He joins SPX from Reliance Worldwide Corporation (RWC), where he served as Chief Executive Officer of RWC Americas. Before joining RWC in 2014, he spent over fifteen years in various strategic consulting and business development roles with McKinsey & Company, CHB Capital Partners, and Egon Zehnder. He began his career with DuPont, holding several operational and management
CHARLOTTE, N.C., Sept. 01, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) today announced that Jamie Harris, Vice President, Chief Financial Officer and Treasurer has informed the Company of his decision to resign effective September 23, 2022 in order to pursue a new opportunity as the CFO of another public company. SPX has begun a process to search for a new CFO and will provide an update at a future date. During this transition period, Mike Reilly, SPX's Chief Accounting Officer & VP, Finance, has been named interim CFO. Gene Lowe, President and CEO of SPX Technologies commented, "I want to thank Jamie for his leadership and his contributions. Over the last two years, Jamie
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CHARLOTTE, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the first quarter ended March 29, 2025. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2024, unless otherwise noted) Revenue of $482.6 million, up 3.7%, including 0.4% organicallyGAAP income from continuing operations of $51.7 million, up 5.1%GAAP EPS of $1.10, up 4.8%Adjusted EPS* of $1.38, up 10.4%Adjusted EBITDA* of $102.6 million, up 11.5% Raising 2025 Guidance (all comparisons against the full year 2024, unless otherwise noted) Revenue range of $2.20 to $2.2
CHARLOTTE, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX Technologies" or the "Company") announced today that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump ("Sigma & Omega"). The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX's typical range of 8x-12x Adjusted EBITDA*. Founded in 1997, Sigma & Omega is a Toronto-based manufacturer of highly engineered hydronic heating and cooling equipment, including vertical stack heat pumps and fan coils, institutional heating products, and both air-cooled and water-cooled commercial self-contained units. With appr
CHARLOTTE, N.C., April 09, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, May 1, 2025, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will be available in the Inve
Q4 and Full Year 2024 GAAP EPS of $1.19 and $4.29 Compared with $0.67 and $3.10 in 2023, Up 78% and 38%Full-Year 2024 GAAP Net Income of $200.5 million Compared with $89.9 million in 2023, Up 123%Q4 and Full-Year Adjusted EPS* of $1.51 and $5.58 in 2024 Compared with $1.25 and $4.31 in 2023, Up 21% and 29%Introducing 2025 Full-Year Adjusted EPS* Guidance Range of $6.00-$6.25 CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the fourth quarter and year ended December 31, 2024. Gene Lowe, President and CEO, remarked, "I am very pleased with our full-year 2024 results, including Adjusted EBI
Accelerates Growth Strategy of Communications Technologies Platform;Highly Complementary Technology and Growth Markets CHARLOTTE, N.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") announced today that it has completed the acquisition of Kranze Technology Solutions, Inc. ("KTS"), a leader in digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies' Communication Technologies ("CommTech") platform, within its Detection & Measurement segment. KTS is anticipated to be modestly accretive to adjusted earnings per share from continuing operations in 2025. Management plans to provide 2025 gui
CHARLOTTE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2024 after the U.S. financial markets close on Tuesday, February 25, 2025. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Tuesday, February 25, 2025, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will
Q3 GAAP EPS of $1.08; Adjusted EPS* of $1.39Significant Margin Expansion in Both HVAC and Detection & Measurement SegmentsWell-Positioned to Achieve Full-Year 2024 Guidance CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the third quarter ended September 28, 2024. Gene Lowe, President and CEO, remarked, "I am pleased with our Q3 financial results, which include solid growth in company revenue and substantial margin expansion in both our HVAC and Detection & Measurement segments." Mr. Lowe continued, "We continue to make significant progress on our sustainability initiative, inclu
CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2024 after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Wednesday, October 30, 2024, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will be available in the
Q2 GAAP EPS of $0.96; Adjusted EPS* of $1.42Raising Full-Year 2024 Adjusted EPS* Guidance to Range of $5.45-$5.60 CHARLOTTE, N.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended June 29, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q2 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Lowe continued, "During Q2, we made s
CHARLOTTE, N.C., July 11, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, August 1, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" page