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SPX Technologies SPXC Payments for Restructuring

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Other financials

Income statement

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Revenue$566.8M+17.4%
Gross profit$230.6M+17.7%
Operating income$87.7M+31.7%
Net income$59.9M+17.0%
EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$158.3M-13.1%
Total debt$697.6M-31.7%
Total equity$2.3B+58.3%
Total assets$3.9B+23.6%

Cash flow

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Operating cash flow$30.6M+381%
CapEx$18.5M+236%
Free cash flow$12.1M+174%

Valuation

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Market cap$10.73B+15.2%
Enterprise value$11.27B+10.1%
P/E42.5×-1.7×
P/S4.6×0.0×

Profitability

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Gross margin40.5%-0.1pp
Operating margin15.8%+0.3pp
Net margin10.8%+0.6pp
FCF margin11.5%-0.1pp

Returns & leverage

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Return on equity13.6%-1.6pp
Debt / equity0.3×-0.4×
Current ratio2.1×+0.2×

Where this comes from

Reported directly by SPX Technologies in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRestructuring.

The source filing: SPX Technologies’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:58 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000088205-26-000032
Line itemThree months ended / March 28,2026Three months ended / March 29,2025
Contribution related to employee retention agreements from acquisition (Refer to Note 3)(46.5)
Inventories(35.3)(13.8)
Accounts payable, accrued expenses and other(29.7)(10.8)
Cash spending on restructuring actions(0.3)(0.5)
Net cash from (used in) continuing operations29.8(10.4)
Net cash from (used in) discontinued operations0.8(0.5)
Net cash from (used in) operating activities30.6(10.9)
Cash flows from (used in) investing activities:

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's payments for restructuring?
SPX Technologies (SPXC) reported payments for restructuring of $300K in Q1 2026.
How has SPX Technologies's payments for restructuring changed year-over-year?
SPX Technologies's payments for restructuring decreased by 40.0% year-over-year, from $500K to $300K.
What is the long-term trend for SPX Technologies's payments for restructuring?
Over 4 years (2021 to 2025), SPX Technologies's payments for restructuring has grown at a 3.0% compound annual growth rate (CAGR), from $1.6M to $1.8M.
What does payments for restructuring mean?
Cash outflows related to organizational restructuring initiatives, including severance, facility closures, and asset write-downs. These are typically non-recurring costs aimed at improving long-term operational efficiency.

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