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SPX Q1 2025 Earnings Report
SPX Technologies reported a strong start to 2025 with solid growth in key profit measures and favorable margin performance across segments.
Key Takeaways
SPX Technologies reported strong first-quarter 2025 results, with revenue increasing by 3.7% to $482.6 million and adjusted EPS up 10.4% to $1.38. The company also raised its full-year 2025 guidance for Adjusted EBITDA* to a range of $470 million to $495 million.
Revenue increased by 3.7% to $482.6 million, including 0.4% organic growth.
GAAP EPS rose by 4.8% to $1.10, while Adjusted EPS* increased by 10.4% to $1.38.
Adjusted EBITDA* grew by 11.5% to $102.6 million.
The company raised its full-year 2025 guidance for Adjusted EBITDA* to a range of $470 million to $495 million, reflecting strong Q1 performance and the Sigma & Omega acquisition.
SPX
SPX
SPX Revenue by Segment
Revenue by Segment
HVAC Revenue
CapyFin.comDetection & Measurement Revenue
CapyFin.com Forward Guidance
SPX Technologies raised its full-year 2025 guidance, anticipating stronger performance driven by Q1 results and the Sigma & Omega acquisition, despite some offsetting impacts from tariffs.
Positive Outlook
- Revenue range increased to $2.20 billion to $2.26 billion, up ~12% year-on-year at the midpoint.
- Adjusted EBITDA* range increased to $470 million to $495 million, up ~15% year-on-year at the midpoint.
- Adjusted EPS* range increased to $6.10 to $6.40, up ~12% year-on-year at the midpoint.
- Guidance includes the Sigma & Omega acquisition, contributing positively to anticipated results.
- Healthy demand in core markets and solid execution across businesses are expected to continue.
Challenges Ahead
- The net impact of current tariff rates and mitigation measures, including price increases, partially offsets the positive outlook.
- Prior revenue range was $2.13 billion to $2.19 billion, indicating a moderate increase in the updated guidance.
- Prior Adjusted EBITDA* range was $460 million to $490 million, showing a slight upward revision.
- Prior Adjusted EPS* range was $6.00 to $6.25, also a slight upward revision.
- The guidance includes the net impact of announced tariffs and mitigation measures, which could present challenges.