---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-23-000029"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:52:25.418732+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPX Q2 adj EPS $1.06 beats prior year; raises FY adj EPS guide to $4.15-4.30

## Summary
- Q2 GAAP EPS $0.82 (vs $0.41); adj EPS $1.06 (vs $0.71); revenue $423.3M (+19.6% YoY).
- HVAC segment revenue $269.0M (+23% YoY); segment income margin expanded to 20.5% from 12.9%.
- Detection & Measurement revenue $154.3M (+14% YoY, organic); margin 18.9% down 160bps on mix.
- FY 2023 adj EPS guidance raised to $4.15-4.30 (midpoint +36% YoY); revenue guidance up to $1.72-1.75B.
- Q2 net operating cash flow $73.8M; total debt $675.6M, cash $95.6M; capex $4.7M.

## SEC filing metadata
- accession: 0000088205-23-000029
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820523000029/0000088205-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820523000029/spxc-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-23-000029
- JSON: https://secwatch.observer/filing/0000088205-23-000029.json
- Plain text: https://secwatch.observer/filing/0000088205-23-000029.txt

## Key facts
- Earnings Releases
  SPX Technologies, Inc. reported the second quarter ended July 1, 2023 results: revenue $423.3 million, net income $38.3 million, EPS $0.82. Guidance raised.
  - Period: the second quarter ended July 1, 2023
  - Revenue: $423.3 million
  - Net income: $38.3 million
  - EPS: $0.82
  - Guidance: raised
  - Result: reported results
  source text: progressing toward our ‘SPX 2025’ target of $5 per share of Adjusted EPS*.” Second Quarter 2023 Overview: For the second quarter of 2023, the company reported revenue of $423.3 million and operating income of $51.3 million, compared with revenue of $354.0 million and operating income of $27.2 million in the second quarter of 2022. Diluted income per share from
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820523000029/0000088205-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.