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SPX Technologies SPXC HVAC reportable segment — Revenue

Other segment segments

Cost of products sold
$172.8M—

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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
Hydronic heating, electrical heating, and ventilation158.0—158.0
Underground locators, inspection and rehabilitationequipment, and robotic systems—58.658.6
Communication technologies, aids to navigation, and transportation systems—114.2114.2
$394.0$172.8$566.8
Timing of Revenue Recognition
Revenues recognized at a point in time$372.9$139.9$512.8
Revenues recognized over time21.132.954.0
$394.0$172.8$566.8

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's HVAC reportable segment — revenue?
SPX Technologies (SPXC) reported HVAC reportable segment — revenue of $394M in Q1 2026.
How has SPX Technologies's HVAC reportable segment — revenue changed year-over-year?
SPX Technologies's HVAC reportable segment — revenue increased by 22.0% year-over-year, from $323M to $394M.
What is the long-term trend for SPX Technologies's HVAC reportable segment — revenue?
Over 4 years (2021 to 2025), SPX Technologies's HVAC reportable segment — revenue has grown at a 19.2% compound annual growth rate (CAGR), from $752.1M to $1.52B.
What does HVAC reportable segment — revenue mean?
This represents the total gross revenue generated by the HVAC segment from the sale of cooling, heating, and ventilation products. It serves as the primary indicator of the segment's market demand and top-line performance. Investors use this to assess the segment's scale and contribution to the overall company revenue.

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