earnings
confidence high
sentiment positive
materiality 0.80
SPX Technologies Q4 GAAP EPS $1.19, revenue $533.7M; FY2024 adj EPS $5.58, FY2025 adj guide $6.00-$6.25
SPX Technologies, Inc.
2024-FY EPS reported
$4.26
revenue$1,983,900,000
- Q4 GAAP net income $56.5M ($1.19 diluted EPS) vs $31.6M ($0.67) in Q4 2023; revenue $533.7M up 13.7% YoY.
- Full-year 2024 GAAP net income $200.5M ($4.29 EPS) vs $89.9M ($3.10) in 2023; revenue $1.984B up 13.9%.
- Adj EPS Q4 $1.51 (+21% YoY); FY adj EPS $5.58 (+29% YoY); FY adj EBITDA $460.6M (+36%).
- HVAC revenue $1.365B (+21.6% FY24); Detection & Measurement revenue flat at $619.2M but margin improved to 22.1% vs 19.2%.
- 2025 guidance: revenue $2.13-$2.19B, adj EBITDA $460-$490M, adj EPS $6.00-$6.25, implying double-digit growth.