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SPX Technologies SPXC Hydronic heating, electrical heating, and ventilation — Revenue

Other product segments

Package and process cooling equipment and services, and engineered air movement and handling solutions
$236M+18.5%
Communication technologies, aids to navigation, and transportation systems
$114.2M+11.0%
Underground locators, inspection and rehabilitation equipment, and robotic systems
$58.6M+3.4%

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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+13.6%
Enterprise value$11.36B+8.7%
P/E42.8×-2.4×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Reportable SegmentsHVACDetection and MeasurementTotal
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions$236.0$236.0
Hydronic heating, electrical heating, and ventilation158.0158.0
Underground locators, inspection and rehabilitationequipment, and robotic systems58.658.6
Communication technologies, aids to navigation, and transportation systems114.2114.2
$394.0$172.8$566.8
Timing of Revenue Recognition
Revenues recognized at a point in time$372.9$139.9$512.8

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue?
SPX Technologies (SPXC) reported hydronic heating, electrical heating, and ventilation — revenue of $158M in Q1 2026.
How has SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue changed year-over-year?
SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue increased by 27.5% year-over-year, from $123.9M to $158M.
What is the long-term trend for SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue?
Over 2 years (2023 to 2025), SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue has grown at a 15.5% compound annual growth rate (CAGR), from $439.1M to $585.3M.
What does hydronic heating, electrical heating, and ventilation — revenue mean?
This metric represents the total gross revenue generated from the sale and service of hydronic heating, electrical heating, and ventilation products within the company's HVAC segment. It captures the market demand and commercial performance of these specific climate control technologies across residential and commercial applications. This revenue stream is a primary indicator of the segment's ability to capture market share in specialized thermal management solutions.

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