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SPX Technologies SPXC HVAC reportable segment — Goodwill, Impairment Loss

Other segment segments

Detection and Measurement reportable segment
$0

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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$10.82B+13.1%
Enterprise value$11.36B+8.3%
P/E42.8×-2.6×
P/S4.6×-0.1×

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:GoodwillImpairmentLoss.

The source filing: SPX Technologies’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000088205-26-000008
Line itemDecember 31,2024Goodwill Resultingfrom Business Combinations (1)ImpairmentsForeign Currency TranslationDecember 31,2025
HVAC reportable segment
Gross goodwill$907.3$81.6$24.8$1,013.7
Accumulated impairments(326.6)(10.3)(336.9)
Goodwill580.781.614.5676.8
Detection and Measurement reportable segment
Gross goodwill426.6104.411.4542.4
Accumulated impairments(172.8)(3.0)(175.8)
Goodwill253.8104.48.4366.6

ITEM 8. Financial Statements And Supplementary Data

FAQ

What is SPX Technologies's HVAC reportable segment — goodwill, impairment loss?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill, impairment loss of $0 in Q4 2025.
What does HVAC reportable segment — goodwill, impairment loss mean?
The charge recognized when the carrying value of goodwill in the HVAC segment exceeds its implied fair value. This indicates that the expected future cash flows from past acquisitions have declined.

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