SPX Technologies, Inc.
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SPXC FY 2025 request
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Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 2,265.1 | 1,983.9 | +14.2% |
Show Product Lines breakouts |
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| Communication technologies, aids to navigation, and transportation systems | 491 | 358.3 | +37.0% |
| Communication technologies, aids to navigation, and transportation systems · Detection and Measurement reportable segment | 491 | 358.3 | +37.0% |
| Hydronic heating, electrical heating, and ventilation | 585.3 | 480.7 | +21.8% |
| Hydronic heating, electrical heating, and ventilation · HVAC reportable segment | 585.3 | 480.7 | +21.8% |
| Package and process cooling equipment and services, and engineered air movement | 932.9 | 884 | +5.5% |
| Package and process cooling equipment and services, and engineered air movement · HVAC reportable segment | 932.9 | 884 | +5.5% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | 255.9 | 260.9 | -1.9% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems · Detection and Measurement reportable segment | 255.9 | 260.9 | -1.9% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 746.9 | 619.2 | +20.6% |
| Detection and Measurement reportable segment · Operating Segments | 746.9 | 619.2 | +20.6% |
| Detection and Measurement reportable segment · Transferred At Point In Time | 629.6 | 521.5 | +20.7% |
| Detection and Measurement reportable segment · Transferred Over Time | 117.3 | 97.7 | +20.1% |
| HVAC reportable segment · Operating Segments | 1,518.2 | 1,364.7 | +11.2% |
| HVAC reportable segment · Operating Segments | 1,518.2 | 1,364.7 | +11.2% |
| HVAC reportable segment · Transferred At Point In Time | 1,396.6 | 1,249 | +11.8% |
| HVAC reportable segment · Transferred Over Time | 121.6 | 115.7 | +5.1% |
| Segment Reporting | 2,265.1 | 1,983.9 | +14.2% |
Show Geography breakouts |
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| CA | 193.4 | 111.3 | +73.8% |
| CN | 71.7 | 64.9 | +10.5% |
| GB | 95.5 | 90.9 | +5.1% |
| Other | 91.9 | 76 | +20.9% |
| US | 1,812.6 | 1,640.8 | +10.5% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 2,026.2 | 1,770.5 | +14.4% |
| Transferred Over Time | 238.9 | 213.4 | +11.9% |
| Cost of Revenue | 1,347.4 | 1,184.5 | +13.8% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 418.2 | 338.9 | +23.4% |
| HVAC reportable segment · Operating Segments | 923.8 | 843.8 | +9.5% |
| Selling, General & Administrative | 477.6 | 414.6 | +15.2% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 152.5 | 143.6 | +6.2% |
| HVAC reportable segment · Operating Segments | 221.8 | 197 | +12.6% |
| Amortization Of Intangible Assets Selling General And Administrative | 87.4 | 64.5 | +35.5% |
| Special Charges Net | 1.1 | 3.6 | -69.4% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 1.2 | 1.7 | -29.4% |
| HVAC reportable segment · Operating Segments | -0.2 | 1.9 | -110.5% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 0.1 | — | — |
| Goodwill And Intangible Asset Impairment | 0.7 | — | — |
| Other Operating Income Expense Net | 0.5 | 8.4 | -94.0% |
| Operating Income | 350.4 | 308.3 | +13.7% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 176.2 | 136.7 | +28.9% |
| HVAC reportable segment · Operating Segments | 372.6 | 323.9 | +15.0% |
| Segment Reporting | 548.8 | 460.6 | +19.1% |
| Other Non-Operating Income (Expense) | 8.5 | -9.3 | +191.4% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income | 3.2 | 3.1 | +3.2% |
| Interest Expense | -48.1 | -45.7 | -5.3% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 3 | 8.7 | -65.5% |
| Interest Income | 4.8 | 2.1 | +128.6% |
| Gains Losses On Extinguishment Of Debt | -1.5 | — | — |
Show Debt Instrument breakouts |
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| Senior Credit Facilities | -1.5 | — | — |
| Income Before Taxes | 314.1 | 255.4 | +23.0% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 3 | 8.7 | -65.5% |
| Income Tax Expense (Benefit) | -68.6 | -53.6 | -28.0% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income | -1 | -0.8 | -25.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -0.7 | -2.3 | +69.6% |
| Income Loss From Continuing Operations | 245.5 | 201.8 | +21.7% |
| Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax | -1.5 | -1.3 | -15.4% |
| Income Loss From Discontinued Operations Net Of Tax | -1.5 | -1.3 | -15.4% |
Show Disposal Group Classification breakouts |
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| Segment Discontinued Operations | -1.5 | -1.3 | -15.4% |
| Segment Discontinued Operations · DBT | -1.5 | -0.7 | -114.3% |
| Net Income | 244 | 200.5 | +21.7% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income | 2.2 | 2.3 | -4.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 2.3 | 6.4 | -64.1% |
| Retained Earnings | 244 | 200.5 | +21.7% |
Show Business Acquisition breakouts |
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| Kranze Technology Solutions, Inc | -12.7 | — | — |
| Sigma & Omega | -1.4 | — | — |
| Income Loss From Continuing Operations Per Basic Share | 5.13 | 4.37 | +17.4% |
| Income Loss From Discontinued Operations Net Of Tax Per Basic Share | -0.03 | -0.03 | 0.0% |
| EPS (Basic) | 5.1 | 4.34 | +17.5% |
| Wtd Avg Shares (Basic) | 47.83 | 46.19 | +3.6% |
| Income Loss From Continuing Operations Per Diluted Share | 5.06 | 4.29 | +17.9% |
| Income Loss From Discontinued Operations Net Of Tax Per Diluted Share | -0.03 | -0.03 | 0.0% |
| EPS (Diluted) | 5.03 | 4.26 | +18.1% |
| Wtd Avg Shares (Diluted) | 48.51 | 47.08 | +3.0% |
| Revenue (FY) | — | — | — |
Show Business Acquisition breakouts |
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| Kranze Technology Solutions, Inc | 85.3 | — | — |
| Sigma & Omega | 53.2 | — | — |
| Research & Development | 54 | 45.9 | +17.6% |
| Operating Expenses (FY) | — | — | — |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 59.2 | 53.6 | +10.4% |
| Comprehensive Income | 280.9 | 163 | +72.3% |
| Other Comprehensive Income | 36.9 | -37.5 | +198.4% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -2.2 | -2.3 | +4.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -2.6 | -3.1 | +16.1% |
| Accumulated Translation Adjustment | 41.7 | -32.1 | +229.9% |
| Foreign Currency Transaction Gain Loss Before Tax | -2.5 | 0.8 | -412.5% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 364 | 156.9 | +132.0% |
| Accounts Receivable | 357.2 | 313.6 | +13.9% |
| Contract With Customer Asset Net Current | 65 | 11.3 | +475.2% |
| Inventory | 302.2 | 271 | +11.5% |
| Other Assets Current | 55.3 | 31.5 | +75.6% |
| Total Current Assets | 1,143.7 | 784.3 | +45.8% |
| Non-Current Assets | |||
| Goodwill | 1,043.4 | 834.5 | +25.0% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment | 366.6 | 253.8 | +44.4% |
| HVAC reportable segment | 676.8 | 580.7 | +16.5% |
Show Business Acquisition breakouts |
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| Kranze Technology Solutions, Inc | 104.4 | — | — |
| Sigma & Omega | 77.4 | — | — |
| Other Non-Current Assets | 250.2 | 164.1 | +52.5% |
| Deferred Tax Assets | 2.2 | 2.4 | -8.3% |
| Total Assets | 3,604.6 | 2,714.5 | +32.8% |
| Operating Lease Right-of-Use Assets | 76.8 | 57.9 | +32.6% |
| Intangible Assets | 646.8 | 483.5 | +33.8% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment | 235.2 | — | — |
| HVAC reportable segment | 411.6 | — | — |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 407.6 | 317.8 | +28.3% |
| Developed Technology Rights | 210.3 | 140.4 | +49.8% |
| Other Intangible Assets | 28.9 | 25.3 | +14.2% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization | 532.9 | 444.9 | +19.8% |
| Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization | -242.1 | -226.9 | -6.7% |
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 290.8 | 218 | +33.4% |
| Intangible Assets Net Excluding Goodwill | 868.2 | 703 | +23.5% |
| Assets Of Abandoned Entities | 6.1 | 8.2 | -25.6% |
| Current Liabilities | |||
| Accounts Payable | 145.2 | 128.1 | +13.3% |
| Deferred Revenue (Current) | 115.8 | 62.3 | +85.9% |
Show Business Acquisition breakouts |
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| Kranze Technology Solutions, Inc | 9.3 | — | — |
| Accrued Liabilities | 185.2 | 170.8 | +8.4% |
| Accrued Income Taxes Current | 10 | 19.4 | -48.5% |
| Short Term Borrowings | 1.4 | 10.1 | -86.1% |
| Current Portion of Long-Term Debt | 3.5 | 27.6 | -87.3% |
| Total Current Liabilities | 461.1 | 418.3 | +10.2% |
| Non-Current Liabilities | |||
| Deferred Income Taxes And Other Tax Liabilities Noncurrent | 149.7 | 97.8 | +53.1% |
| Other Non-Current Liabilities | 245.5 | 224.2 | +9.5% |
| Liabilities Noncurrent | 906 | 911.8 | -0.6% |
| Operating Lease Liabilities | 61.4 | 44.5 | +38.0% |
| Contract With Customer Liability Noncurrent | -3.6 | -4 | +10.0% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 496.7 | 577 | -13.9% |
| Liabilities Of Abandoned Entities | 14.1 | 12.8 | +10.2% |
| Stockholders' Equity | |||
| Common Stock Value Outstanding | 0.6 | 0.5 | +20.0% |
| Additional Paid In Capital Common Stock | 1,938.2 | 1,373.5 | +41.1% |
| Retained Earnings | 482.8 | 238.8 | +102.2% |
| Accumulated Other Comprehensive Income | 260.5 | 223.6 | +16.5% |
| Treasury Stock Common Value | -444.6 | -452 | +1.6% |
| Total Stockholders' Equity | 2,237.5 | 1,384.4 | +61.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -0.1 | 2.1 | -104.8% |
| Accumulated Other Comprehensive Income | 260.5 | 223.6 | +16.5% |
| Accumulated Translation Adjustment | 260.6 | 218.9 | +19.0% |
| Additional Paid In Capital | 1,938.2 | 1,373.5 | +41.1% |
| Common Stock | 0.6 | 0.5 | +20.0% |
| Retained Earnings | 482.8 | 238.8 | +102.2% |
| Treasury Stock Common | -444.6 | -452 | +1.6% |
| Total Liabilities & Equity | 3,604.6 | 2,714.5 | +32.8% |
| Land | 26.9 | 23.5 | +14.5% |
| Buildings And Improvements Gross | 167.9 | 113.3 | +48.2% |
| Machinery And Equipment Gross | 338.1 | 308.1 | +9.7% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount | -23 | — | — |
| Amortization Of Deferred Compensation Plan Asset | 24.2 | — | — |
Show Triggering Event [Axis] breakouts |
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| Retention Agreements · Kranze Technology Solutions, Inc | 24.2 | — | — |
Show Business Acquisition breakouts |
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| Kranze Technology Solutions, Inc | 24.2 | — | — |
| Impairment Of Intangible Assets Excluding Goodwill | 0.7 | — | — |
| Deferred Income Taxes And Tax Credits | 26.1 | -15.1 | +272.8% |
| Depreciation & Amortization | 122.6 | 91.6 | +33.8% |
Show Business Segments breakouts |
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| Detection and Measurement reportable segment · Operating Segments | 45.1 | 24.4 | +84.8% |
| HVAC reportable segment · Operating Segments | 75.1 | 64.7 | +16.1% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 2.4 | 2.5 | -4.0% |
| Operating Segments | 120.2 | 89.1 | +34.9% |
| Pension And Other Postretirement Benefit Expense | 19.9 | 15.4 | +29.2% |
| Stock-Based Compensation | 16.7 | 15 | +11.3% |
| Other Non-Cash Items | 2.9 | -8.7 | +133.3% |
| Increase Decrease In Accounts Receivable And Other Operating Assets | -81.8 | 2.1 | -3995.2% |
| Increase Decrease To Employee Retention Agreements For Acquisition | -46.5 | — | — |
| Change in Inventory | 2.8 | 9.1 | -69.2% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 24.7 | -4.3 | +674.4% |
| Payments For Restructuring | -1.8 | -1.6 | -12.5% |
| Net Cash Provided By Used In Operating Activities Continuing Operations | 335.6 | 313.1 | +7.2% |
| Cash Provided By Used In Operating Activities Discontinued Operations | -2.3 | -27.2 | +91.5% |
| Net Cash from Operations | 333.3 | 285.9 | +16.6% |
| Deferred Income Taxes | -26.1 | 15.1 | -272.8% |
| Investing Activities | |||
| Payments For Proceeds From Life Insurance Policies | -23.9 | 41.9 | -157.0% |
| Payments To Acquire Businesses Net Of Cash Acquired | -445 | -292 | -52.4% |
Show Business Segments breakouts |
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| HVAC reportable segment | -8.2 | — | — |
| Payments To Acquire Productive Assets | -92.1 | -38 | -142.4% |
| Net Cash Provided By Used In Investing Activities Continuing Operations | -561 | -284.5 | -97.2% |
| Net Cash from Investing | -561 | -284.5 | -97.2% |
| Liabilities Assumed1 | 0.1 | 1.1 | -90.9% |
| Financing Activities | |||
| Borrowings Under Senior Credit Facilities | 978 | 384.8 | +154.2% |
| Repayments Under Senior Credit Facilities | -1,082.6 | -321.8 | -236.4% |
| Borrowing Under Trade Receivables Agreement | 280 | 272 | +2.9% |
| Repayments Under Trade Receivables Agreement | -289 | -279 | -3.6% |
| Proceeds From Payments For Other Financing Activities | 0.1 | -1.2 | +108.3% |
| Payment Proceeds Tax Withholding Share Based Payment Arrangement | -7.4 | 0.9 | -922.2% |
| Proceeds From Issuance Of Common Stock | 551.1 | — | — |
Show Subsidiary Sale Of Stock breakouts |
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| Underwritten Public Offering | 551.1 | — | — |
| Payments Of Financing Costs | -4.7 | -2.6 | -80.8% |
| Net Cash Provided By Used In Financing Activities Continuing Operations | 425.5 | 53.1 | +701.3% |
| Net Cash from Financing | 425.5 | 53.1 | +701.3% |
| Debt Repayments | -1,372.1 | — | — |
Show Debt Instrument breakouts |
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| Asset Backed Securities | -289 | — | — |
| Current SPX Term Loan Facility · Senior Credit Facility | -524.6 | — | — |
| Other indebtedness | -0.5 | — | — |
| Revolving loans · Revolving Credit Facility | -558 | — | — |
| Debt Issuance Costs (FY) | — | — | — |
Show Debt Instrument breakouts |
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| Incremental Term loans · Loans Payable | 4.2 | — | — |
| Supplemental | |||
| Interest Paid | 41.7 | 43.4 | -3.9% |
| Income Taxes Paid | 57.3 | 43.5 | +31.7% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 6.8 | 2 | +240.0% |
| Net Change in Cash | 204.6 | 56.5 | +262.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 366 | 161.4 | +126.8% |
Values in millions USD. Source: SEC EDGAR 10-K filing.