NYSE: SPXC
SPX Technologies, Inc.CIK 0000088205 · Industrials · SIC 3540 · Metalworkg Machinery & Equipment
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SPXC Q2 revenue +23% to $679M; operating income +33% on four acquisitions, tariff headwinds
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SPX Technologies beats Q2, raises 2026 guidance on data center strength and Neptronic deal
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SPX Technologies appoints JBT Marel CEO Brian Deck to Board
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SPX Technologies Detection & Measurement segment president to retire January 2027
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Q1 revenue up 17% to $566.8M on acquisitions; tariff regime shifts as Court voids 2025 levies
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SPX Technologies raises 2026 guidance on 17% Q1 revenue growth, strong HVAC demand
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Latest financial statements
From 10-Q filed Jul 31, 2026 (period ending Jun 27, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 27, 2026 | Q2 ended Jun 28, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 679.0 | 552.4 |
| Cost of revenue / cost of sales | 406.2 | 323.5 |
| Operating expenses: | ||
| Selling, general and administrative | 129.9 | 117.2 |
| Other operating expenses, net | 27.9 | 25.1 |
| Operating income | 115.0 | 86.6 |
| Interest expense | 8.8 | 15.6 |
| Other income/(expense), net | (5.1) | (2.1) |
| Income before income taxes | 102.2 | 69.9 |
| Income tax expense/(benefit) | 22.9 | 17.4 |
| Net income | 78.4 | 52.2 |
| Basic earnings per share | 1.57 | 1.12 |
| Diluted earnings per share | 1.55 | 1.10 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 27, 2026 | Jun 28, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 166.4 | 132.8 |
| Accounts receivable, net | 442.4 | 363.8 |
| Inventories | 79.6 | 73.5 |
| Prepaid expenses and other current assets | 41.5 | 60.1 |
| Other current assets | 372.5 | 290.4 |
| Total current assets | 1,102 | 920.6 |
| Finite-lived intangible assets, net | 787.7 | 692.8 |
| Identifiable intangible assets, net | 1,015 | 914.7 |
| Goodwill | 1,234 | 1,041 |
| Deferred income taxes and other assets | 2.6 | 2.5 |
| Other long-term assets | (203.0) | (264.8) |
| TOTAL ASSETS | 3,939 | 3,307 |
| Current liabilities: | ||
| Current portion of long-term debt | 9.9 | 27.6 |
| Line of credit | 74.3 | 41.4 |
| Accounts payable | 194.6 | 140.3 |
| Accrued liabilities | 183.4 | 166.2 |
| Income taxes payable | 13.7 | 16.0 |
| Deferred revenue, current | 128.2 | 76.5 |
| Total current liabilities | 604.1 | 468.0 |
| Long-term debt | 530.5 | 950.3 |
| Deferred income taxes and other liabilities | 243.7 | 223.0 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 1,934 | 1,372 |
| Accumulated other comprehensive income (loss) | 232.0 | 263.8 |
| Retained earnings (deficit) | 621.1 | 342.2 |
| Treasury stock | 439.1 | 444.9 |
| Total shareholders' equity | 2,348 | 1,533 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 3,939 | 3,307 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 27, 2026 | Six months ended Jun 28, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 120.2 | 31.6 |
| Investing Activities: | ||
| Net cash from investing activities | (416.7) | (457.8) |
| Financing Activities: | ||
| Net cash from financing activities | 98.3 | 395.3 |
| Net increase/(decrease) in cash | (197.8) | (24.5) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗