SPX Corporation's Q2 2025 Earnings Call: Robust Growth and Optimism for the Future

SPX Corporation reported a 16% increase in adjusted EPS for Q2 2025, driven by a 10% YoY revenue growth, largely fueled by acquisitions and project sales. The company raised full-year guidance, anticipating an 18% growth in adjusted EBITDA at the midpoint. The Detection & Measurement segment experienced a 21% revenue increase YoY, while the Engineered Air Movement business made notable strides, with plans to expand U.S. production. Despite tariff-related challenges, SPX's strong financial position and robust M&A pipeline offer optimism for the future.

SPX Technologies, Inc. (NYSE: SPXC) reported its second-quarter 2025 results, demonstrating robust financial performance and raising its full-year guidance. The company achieved a 10.2% year-over-year (YoY) increase in revenue to $552.4 million, driven by a combination of organic growth and strategic acquisitions. Adjusted earnings per share (EPS) surged by 16.2% to $1.10, with adjusted EBITDA rising 16.3% to $126.7 million [1].

The company's revenue growth was primarily attributed to an increase in organic sales and inorganic gains from acquisitions, particularly in the HVAC and Detection & Measurement segments. The HVAC segment reported a 5.7% YoY increase in revenue, while the Detection & Measurement segment experienced a 21.3% YoY growth. These segments also contributed to a significant improvement in segment income margins, with the HVAC segment's margin increasing by 190 basis points (bps) and the Detection & Measurement segment's margin declining by 60 bps [1].

SPX Technologies also raised its full-year 2025 guidance, anticipating an 18% increase in adjusted EBITDA at the midpoint to a range of $485 to $510 million. The company expects revenue to grow by ~13% YoY to a range of $2.225 to $2.275 billion. Adjusted EPS is expected to range from $6.35 to $6.65, up ~16% YoY from the prior range of $6.10 to $6.40 [1].

Despite the challenges posed by tariffs and trade tensions, SPX Technologies' strong financial position and robust M&A pipeline offer optimism for future growth. The company continues to expand its production capacity and introduce new products, such as the OlympusV Max cooling solution for data centers. Additionally, SPX Technologies is planning to host virtual and in-person investor meetings in the coming months [1].

The company's strong second-quarter performance and positive outlook for the remainder of the year have led to an upward revision in its full-year guidance. SPX Technologies' ability to maintain robust growth in the face of external challenges underscores its resilience and growth potential [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/31/3125411/0/en/SPX-Reports-Second-Quarter-2025-Results.html