SPX Technologies, Inc. (SPXC) Earnings Call Transcripts

SPX Technologies, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, SPX Technologies, Inc. reported a robust performance with revenue increasing by 17.4% year-over-year, reaching $450 million, and adjusted EPS growing 22% to $1.69. The company raised its full-year adjusted EPS guidance to a midpoint of $7.95, reflecting strong demand, particularly in the HVAC segment driven by data center solutions. Management indicated that despite potential headwinds from Section 232 tariffs, they remain confident in their growth trajectory and operational execution.

Reported metrics

Guidance from management

Management raised the full-year adjusted EPS guidance to a midpoint of $7.95, reflecting strong Q1 results and anticipated data center-related volume in the second half of the year. They expect first half adjusted EPS gating to be similar to the prior year, excluding tariff impacts.

What management said

Yes. On the end markets question, Jamie, I think we're actually feeling very good. We do have a small amount of sales into the Middle East. I think it's under less than 1%. And we are seeing some impact there, which is to be expected, but not really material. And I would say if you look outside the Middle East, in general, across all of our businesses, we actually track our bookings very close in each business by end...

Yes. And I think, Bryan, I mean Gene touched on it, right? The order rates are healthy. And particularly in the U.S., that market has performed well. I would say, when I think about that business overall, it's kind of this year, we're forecasting, and I feel confident about kind of mid-single-digit growth, and we're seeing that in the first quarter kind of low to mid-single-digit growth in that business.

What analysts pressed on

Analysts expressed concerns regarding the impact of tariffs on margins and the potential for inflation to affect input costs. There was also discussion about the sustainability of growth in the HVAC segment without data center demand and the timing of capacity ramp-up.

Main topics on the call

• Revenue Growth Acceleration — SPX Technologies achieved a revenue increase of 17.4% year-over-year, driven by both acquisitions and organic growth, particularly in the HVAC segment. Management stated, "We had a strong start to the year with year-over...
• Guidance Increase — The company raised its full-year adjusted EPS guidance by $0.15 to a midpoint of $7.95, reflecting strong Q1 results and anticipated data center-related volume in the second half of the year. Management noted, "We are ra...
• HVAC Segment Performance — The HVAC segment reported a 22% revenue growth year-over-year, with a significant backlog of $755 million, up 38% organically. Management highlighted that demand for data center solutions is a key driver, stating, "We're...
• Impact of Tariffs — Management acknowledged a potential $0.05 to $0.10 impact from recent changes to Section 232 tariffs, primarily affecting the HVAC segment in Q2. However, they expect minimal impact on 2027 earnings, stating, "We do not ...

Read the full SPX Technologies, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 SPX Technologies, Inc. earnings call transcripts on record, spanning February 13, 2020 to July 30, 2026. Based on this history, SPX Technologies, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SPXC

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

33

First call

February 13, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly