SPX Technologies Q2 GAAP EPS $0.96, adj. EPS $1.42; raises FY2024 adj. EPS guidance to $5.45-$5.60

SPX Technologies, Inc.

2024-Q2 EPS reported $1.99 revenue$966,500,000

Revenue $501.3M (+18.4% YoY); operating income $74.6M vs $51.3M.
HVAC segment rev $356.5M (+32.5%); Detection & Measurement rev $144.8M (-6.2%).
Adjusted EBITDA $108.9M (+45.0%); segment income margin expanded 300-450 bps.
FY2024 adj. EPS guidance raised to $5.45-$5.60 (prior $5.15-$5.40); midpoint implies ~28% YoY growth.
Ended Q2 with $133M cash, $790M debt; operating cash flow from cont ops $58.7M.

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