SPX Technologies Reports Q3 2026 Growth Driven by HVAC Demand and Acquisitions
SPX Technologies (SPXC) delivered strong third-quarter results, reporting revenue of $714.5 million, a 20.5% increase year-over-year. This growth was primarily fueled by the HVAC segment's organic expansion and recent strategic acquisitions. Adjusted EPS rose 20.1% to $2.21, marking the fifth consecutive quarter of at least 20% annual growth. Despite top-line success, the company faced margin pressures in its HVAC division due to rising input costs for steel and diesel, alongside inefficiencies from rapid production scaling. However, the Detection & Measurement segment saw margin expansion driven by favorable product mix. Looking ahead, management raised full-year revenue guidance to $2.745 billion–$2.805 billion, supported by a record HVAC organic backlog of $1.1 billion and accelerating demand for data center cooling solutions.
Tickers: $SPXC
Topics: Backlog Detection & Measurement Segment EPS HVAC Segment M&A Revenue Growth