The financials
SPX Technologies, Inc. by the numbers
SPX Technologies, Inc. (SPXC) reported revenue of $567M in Q1 2026 (quarter ended March 28, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 41% and net income of $60M (11% of revenue). For the full year FY2025, revenue was $2.27B (+14% year on year) and net income $244M. Its largest product in 2026-Q2 was Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions at $319M, 66% of the disclosed total, just ahead of Hydronic Heating Electrical Heating And Ventilation at 34%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $567M | $483M | +17% |
| Gross profit | $231M | $196M | +18% |
| Operating income | $88M | $67M | +32% |
| Net income | $60M | $51M | +17% |
| Diluted EPS | $1.19 | $1.09 | +9.2% |
| Product | Revenue | Share |
|---|---|---|
| Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions | $319M | 66% |
| Hydronic Heating Electrical Heating And Ventilation | $162M | 34% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $480.6M (+22%)
Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions grew +34% year on yearHydronic Heating Electrical Heating And Ventilation +17% year on year
Segment Latestquarter on quarteryear on year
- Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions$319.0M$319.0MQoQ +35%year on year +34%+35%+34%
- Hydronic Heating Electrical Heating And Ventilation$161.6M$161.6MQoQ +2.3%year on year +17%+2.3%+17%
- Communication Technologies Aids To Navigation And Transportation Systems$0.00$0.00QoQ -year on year ---
- Underground Locators Inspection And Rehabilitation Equipment And Robotic Systems$0.00$0.00QoQ -year on year ---
Building Products & Equipment
Ranks #10 of 18 by Smart Score