SPX Technologies raises 2026 guidance on 17% Q1 revenue growth, strong HVAC demand

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Q1 revenue rose 17.4% to $566.8M (7.4% organic), adjusted EPS up 22.5% to $1.69, and adjusted EBITDA up 22.9% to $126.1M, driven by strong demand across key end markets and recent acquisitions.

  Exhibit 99.1 verify on EDGAR →
• high

  Full-year 2026 guidance raised: revenue to $2.575-$2.645B (from $2.535-$2.605B), adjusted EBITDA to $600-$625M (from $590-$620M), and adjusted EPS to $7.75-$8.15 (from $7.60-$8.00).

  Exhibit 99.1 verify on EDGAR →
• high

  HVAC segment revenue grew 22% to $394M with 9.6% organic growth from data center cooling and heating products, though margin compressed 40bps to 22.5% on capacity expansion costs.

  Exhibit 99.1 verify on EDGAR →