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SPX Technologies SPXC HVAC reportable segment — Goodwill, Impaired, Accumulated Impairment Loss

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Detection and Measurement reportable segment
$175.5M

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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:GoodwillImpairedAccumulatedImpairmentLoss.

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 itemDecember 31,2025Goodwill Resulting from Business Combinations (1)Foreign Currency TranslationMarch 28,2026
HVAC reportable segment
Gross goodwill$1,013.7$204.9$(3.9)$1,214.7
Accumulated impairments(336.9)1.4(335.5)
Goodwill676.8204.9(2.5)879.2
Detection and Measurement reportable segment
Gross goodwill542.4(0.7)541.7
Accumulated impairments(175.8)0.3(175.5)
Goodwill366.6(0.4)366.2

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's HVAC reportable segment — goodwill, impaired, accumulated impairment loss?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill, impaired, accumulated impairment loss of $335.5M in Q1 2026.
How has SPX Technologies's HVAC reportable segment — goodwill, impaired, accumulated impairment loss changed year-over-year?
SPX Technologies's HVAC reportable segment — goodwill, impaired, accumulated impairment loss increased by 1.8% year-over-year, from $329.6M to $335.5M.
What is the long-term trend for SPX Technologies's HVAC reportable segment — goodwill, impaired, accumulated impairment loss?
Over 4 years (2021 to 2025), SPX Technologies's HVAC reportable segment — goodwill, impaired, accumulated impairment loss has grown at a 3.8% compound annual growth rate (CAGR), from $1.15B to $1.34B.
What does HVAC reportable segment — goodwill, impaired, accumulated impairment loss mean?
This metric captures the total historical impairment losses recognized against goodwill specifically allocated to the HVAC business segment. It reflects the cumulative reduction in the carrying value of goodwill due to assessments that the fair value of the reporting unit has fallen below its book value. This provides insight into the long-term performance and valuation of past acquisitions within the HVAC division.

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