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SPX Technologies SPXC HVAC reportable segment — Goodwill related to foreign currency translation

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DCH
DCHMetal Forming — Foreign currency translation
$0
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CBZForeign currency translation
-$8K-33.3%
HTF
HTFLForeign currency translation
-$418K-17.1%
HTF
HTFLForeign currency translation
$262K+211%
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VVXForeign currency translation
-$657K-115%
BK
BKForeign currency translation
-$4M-167%

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 spxc:GoodwillRelatedToForeignCurrencyTranslationAndOther.

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 related to foreign currency translation?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill related to foreign currency translation of -$2.5M in Q1 2026.
How has SPX Technologies's HVAC reportable segment — goodwill related to foreign currency translation changed year-over-year?
SPX Technologies's HVAC reportable segment — goodwill related to foreign currency translation decreased by 189.3% year-over-year, from $2.8M to -$2.5M.
What does HVAC reportable segment — goodwill related to foreign currency translation mean?
This metric tracks the impact of foreign currency exchange rate fluctuations on the net carrying value of goodwill within the HVAC segment. As the company operates internationally, the value of goodwill denominated in foreign currencies must be translated into the reporting currency at each balance sheet date. This metric isolates the currency-driven volatility in the segment's goodwill balance.

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