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SPX Technologies SPXC Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

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$23.9M+89.7%

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$10.73B+12.7%
Enterprise value$11.27B+7.9%
P/E42.5×-2.7×
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:UnrecognizedTaxBenefits.

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

As of March 28, 2026, we had gross and net unrecognized tax benefits of $5.5 and $5.2, respectively. All of these net unrecognized tax benefits would impact our effective tax rate from continuing operations if recognized.

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's unrecognized tax benefits?
SPX Technologies (SPXC) reported unrecognized tax benefits of $5.5M in Q1 2026.
How has SPX Technologies's unrecognized tax benefits changed year-over-year?
SPX Technologies's unrecognized tax benefits increased by 77.4% year-over-year, from $3.1M to $5.5M.
What is the long-term trend for SPX Technologies's unrecognized tax benefits?
Over 5 years (2020 to 2025), SPX Technologies's unrecognized tax benefits has grown at a 41.3% compound annual growth rate (CAGR), from $26.6M to $149.7M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

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