earnings
confidence high
sentiment positive
materiality 0.80
SPX Q2 revenue up 22.9% to $679M; raises full-year adjusted EBITDA guidance to $630-660M
SPX Technologies, Inc.
- GAAP EPS $1.56, up 41.8%; adjusted EPS $2.02, up 22.4%.
- HVAC revenue $480.6M (+27.6% YoY) driven by data center demand and acquisitions.
- Detection & Measurement revenue $198.4M (+12.9% YoY) with margin up 610 bps.
- Full-year revenue guidance raised to $2.705-2.765B; adjusted EPS to $8.20-8.60.
- Adjusted free cash flow $72.1M in Q2 vs $37.1M a year ago.