SPX Technologies Reports 20% Adjusted EPS Growth and Outlines $1.1B Data Center Capacity
SPX Technologies (SPXC) reported strong third-quarter financial results, highlighted by a 20% increase in adjusted earnings per share (EPS), marking the fifth consecutive quarter of over 20% year-over-year growth. The company also saw revenue rise by 21% and adjusted EBITDA grow by 22% compared to the previous year. Looking ahead, management provided an optimistic outlook with a revised 2026 adjusted EBITDA growth guidance of approximately 25%. A significant driver for future expansion is the company's planned $1.1 billion investment in data center capacity, positioning the firm to capitalize on growing infrastructure demands.
Tickers: $SPXC
Topics: earnings report EBITDA growth EPS growth revenue growth