SPX Technologies, Inc. reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with total revenues reaching $2,265.1 million, a 14.2% increase from $1,983.9 million in 2024. The company's operating income also rose to $350.4 million, compared to $308.3 million in the previous year. This growth was attributed to both organic revenue increases and contributions from recent acquisitions, including Kranze Technology Solutions, Sigma Heating and Cooling, and Omega Heat Pump, which bolstered the HVAC and Detection and Measurement segments.
The company experienced notable changes in its operational structure, including the completion of several strategic acquisitions. In 2025, SPX acquired Kranze Technology Solutions for $340 million and Sigma & Omega for $143.3 million, enhancing its capabilities in digital interoperability and engineered heating and cooling solutions. Additionally, the company divested its asbestos liabilities through the sale of three subsidiaries, which has allowed it to focus on its core operations without the burden of these liabilities.
SPX's HVAC segment generated revenues of $1,518.2 million, up from $1,364.7 million in 2024, while the Detection and Measurement segment saw revenues increase to $746.9 million from $619.2 million. The company reported a backlog of $584.5 million in the HVAC segment and $350.3 million in Detection and Measurement as of December 31, 2025, indicating strong future revenue potential. The company employed approximately 4,700 individuals globally, with a significant portion based in the United States.
The filing also highlighted the company's proactive approach to managing costs and risks associated with market fluctuations, including tariffs and raw material prices. SPX Technologies has implemented measures to mitigate the impact of these factors on its operations. Looking ahead, the company anticipates continued growth driven by its strategic acquisitions and an expanding customer base across various geographic markets, including North America, Europe, and Asia. The management expressed confidence in the company's ability to navigate potential challenges while capitalizing on emerging opportunities in its sectors.
About SPX Technologies, Inc.
SPX Technologies, Inc. is a global provider of infrastructure equipment serving the HVAC and detection and measurement markets. It offers engineered products including cooling systems, air movement solutions, and navigation aids, primarily to industrial, commercial, and utility customers worldwide. The company focuses on innovation, strategic acquisitions, and operational efficiency to maintain competitive advantages in diverse, cyclical markets.
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