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SPX Technologies SPXC HVAC reportable segment — Goodwill resulting from business combinations

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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:GoodwillAcquiredDuringPeriod.

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 resulting from business combinations?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill resulting from business combinations of $204.9M in Q1 2026.
How has SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations changed year-over-year?
SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations increased by 3840.4% year-over-year, from $5.2M to $204.9M.
What is the long-term trend for SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations?
Over 2 years (2021 to 2023), SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations has grown at a 129.6% compound annual growth rate (CAGR), from $46M to $242.4M.
What does HVAC reportable segment — goodwill resulting from business combinations mean?
This metric specifically tracks the new goodwill added to the HVAC segment's balance sheet during the current period as a result of recent business combinations. It quantifies the premium paid for acquisitions completed in the reporting period. This is a key indicator of the segment's inorganic growth strategy and capital deployment.

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