SPX Technologies, Inc.
200.00+2.93 (+1.49%)
Oct 29, 4:00:02 PM EDT · NYSE · SPXC · USD
Key Stats
Market Cap
9.88BP/E (TTM)
44.44Basic EPS (TTM)
4.50Dividend Yield
0%Recent Filings
8-K
SPX Technologies, Inc. announces the closing of a $2.025 billion senior secured credit facility, comprising a $500 million term loan and $1.5 billion revolving credit facility, both maturing September 9, 2030. This refinancing enhances the company's financial flexibility for ongoing operations and future growth initiatives.
SPX Technologies, Inc. has amended its credit agreement to establish a $2.025 billion senior secured credit facility, including a $500 million term loan and $1.5 billion revolving facility, maturing in 2030. The amendment refinances existing debt and supports general corporate purposes, with covenants maintaining financial ratios and collateral requirements.
8-K
SPX completes $500M stock offering
SPX Technologies raised $500 million by issuing 2.66 million shares at $188 each, closing the offering on August 14, 2025, with underwriters led by BofA, JPMorgan, and Wells Fargo. The deal bolsters the balance sheet amid strong market demand. Underwriters hold a 30-day option for 399,000 more shares. No use of proceeds disclosed.
10-Q
Q2 FY2025 results
SPX Technologies posted solid Q2 results, with revenues climbing 10.2% year-over-year to $552.4M, fueled by acquisitions like KTS in Detection and Measurement and Sigma & Omega in HVAC, plus organic gains in both segments. Operating income rose 16.1% to $86.6M, lifting margins to 15.7% amid better project execution and mix, while diluted EPS from continuing operations hit $1.10, up from $0.96. Acquisitions drove goodwill up to $1,040.9M and intangibles to $914.7M, with cash at $132.8M but total debt swelling to $1,019.3M after funding deals closed in January and April 2025 for $342.4M and $143.6M cash, respectively. Free cash flow stood at $18.4M (derived). Yet tariffs threaten supply costs.
8-K
SPX lifts 2025 guidance
SPX Technologies reported Q2 2025 revenue of $552.4 million, up 10.2% year-over-year, with adjusted EBITDA climbing 16.3% to $126.7 million on strong HVAC and Detection & Measurement segment gains from acquisitions like Sigma & Omega and KTS. The company raised full-year guidance to $2.225-$2.275 billion in revenue and $485-$510 million in adjusted EBITDA, signaling robust demand in key markets. Acquisitions drive growth, yet integration costs linger.
8-K
SPX annual meeting results
SPX Technologies held its 2025 Annual Meeting on May 13, with 93.93% of shares represented. Stockholders elected Eugene J. Lowe III, Patrick J. O'Leary, and David A. Roberts to the board for terms ending in 2027, approved executive compensation on a non-binding basis, and ratified Deloitte & Touche as auditors for 2025. Strong turnout signals investor alignment. Yet, broker non-votes hit 1.86 million shares.
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