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SPX Technologies SPXC HVAC reportable segment — Non-cash asset write-downs

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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$10.76B+13.1%
Enterprise value$11.3B+8.3%
P/E42.6×-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:AssetImpairmentCharges.

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 itemEmployee Termination CostsFacility Consolidation CostsNon-Cash Asset Write-downsTotal Special Charges
HVAC reportable segment$(0.2)$(0.2)
Detection and Measurement reportable segment0.60.61.2
Corporate0.10.1
Total$0.5$0.6$1.1

ITEM 8. Financial Statements And Supplementary Data

FAQ

What is SPX Technologies's HVAC reportable segment — non-cash asset write-downs?
SPX Technologies (SPXC) reported HVAC reportable segment — non-cash asset write-downs of $0 in Q4 2025.
How has SPX Technologies's HVAC reportable segment — non-cash asset write-downs changed year-over-year?
SPX Technologies's HVAC reportable segment — non-cash asset write-downs decreased by 100.0% year-over-year, from $175K to $0.
What does HVAC reportable segment — non-cash asset write-downs mean?
Represents the reduction in the carrying value of assets within the HVAC segment that are deemed to have lost value, without an immediate cash impact. This serves as an indicator of asset impairment or obsolescence within the segment's portfolio.

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