SPX Technologies Q4 Revenue Rises 19.4% to $637.3M, EPS $1.88 Tops Estimates
SPX Technologies reported Q4 revenue of $637.3 million, up 19.4% year-over-year, and EPS of $1.88, beating consensus by 1.6% and 0.9% respectively. Detection & Measurement sales rose 26.4% to $206.2 million and HVAC revenue climbed 16.4% to $431.1 million.
1. Q4 Financial Highlights
SPX Technologies reported Q4 revenue of $637.3 million, marking a 19.4% increase year-over-year, and EPS of $1.88 compared with $1.51 in the prior-year quarter. Both revenue and EPS exceeded consensus by 1.6% and 0.9%, reflecting stronger-than-expected top- and bottom-line performance.
2. Segment Performance
Revenue in the Detection & Measurement segment rose 26.4% year-over-year to $206.2 million, surpassing estimates by $8.6 million. The HVAC segment generated $431.1 million in revenue, a 16.4% gain, while segment incomes of $47.9 million and $108.5 million in Detection & Measurement and HVAC each modestly beat analyst projections.
3. Stock Reaction and Future Outlook
Shares of SPX Technologies have rallied over 10% in the past month and about 18.6% year-to-date. Analysts project Q1 EPS of $1.57 on $546.7 million in revenue and full-year EPS of $7.68 on $2.46 billion, underscoring market optimism about continued growth.