reports
SPX Technologies Completes Acquisition of Crawford United
SPX Technologies Completes Acquisition of Crawford United Expands SPX Technologies’ HVAC Capabilities with Highly Engineered Custom Air-Handling Solutions CHARLOTTE, N.C., Feb. 06, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) announced today that it has completed its acquisition of Crawford United Corporation (OTC: CRAWA) (“Crawford United”), a Cleveland-based holding company with a broad portfolio of highly engineered air handling and industrial products. Crawford United’s shareholders voted in support of the transaction and, pursuant to the me...
SPX Technologies Announces Acquisition of Thermolec
SPX Technologies Announces Acquisition of Thermolec Expands HVAC Segment with Highly Complementary Custom Electric Heating Solutions CHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Thermolec Ltd. (“Thermolec”) for a total cash consideration of CA$ 195 million (approximately US$ 140 million). Founded in 1973, Thermolec is a Montréal-based manufacturer of custom electric duct heating and related solutions, offering a differentiated set of products across co...
SPX Technologies to Report Fourth Quarter and Full-Year 2025 Financial...
SPX Technologies to Report Fourth Quarter and Full-Year 2025 Financial Results and Present 2026 Financial Guidance CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2025 after the U.S. financial markets close on Tuesday, February 24, 2026. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss t...
SPX Technologies Announces Appointment of Daniel Whitman as Vice Presi...
SPX Technologies Announces Appointment of Daniel Whitman as Vice President, General Counsel & Secretary CHARLOTTE, N.C., Jan. 05, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) is pleased to announce the appointment of Daniel Whitman as its new Vice President, General Counsel & Secretary, effective January 5, 2026. An accomplished and strategic leader, Mr. Whitman brings a unique perspective to this role. He joins SPX following a 20-year career at Parker Hannifin, including the last 14 years as Vice President, Law, Deputy General Counsel and Assista...
SPX Technologies Inc: 1 director
A director at SPX Technologies Inc sold 12,000 shares at 215.373USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
SPX Technologies to Acquire Crawford United
SPX Technologies to Acquire Crawford United Expands SPX Technologies’ HVAC Capabilities with Highly Engineered Custom Air-Handling Solutions CHARLOTTE, N.C. and CLEVELAND, Dec. 08, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX” or the “Company”) and Crawford United Corporation (OTC: CRAWA) (“Crawford United”) announced today that they have entered into a definitive agreement for SPX to acquire Crawford United, a Cleveland-based holding company with a broad portfolio of highly engineered air handling and industrial products. The agreement provides for Crawford United...
SPX Reports Third Quarter 2025 Results
SPX Reports Third Quarter 2025 Results Raises Full-year Guidance CHARLOTTE, N.C., Oct. 30, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the third quarter ended September 27, 2025. Third Quarter Highlights (amounts presented for continuing operations; all comparisons against the third quarter of 2024, unless otherwise noted) Revenue of $592.8 million, up 22.6%GAAP income from continuing operations of $63.1 million, up 24.0%GAAP EPS of $1.29, up 19.4%Adjusted EPS* of $1.84, up 32.4%Adjusted EBITDA* of $136.1...
SPX Technologies to Report Third Quarter 2025 Financial Results
SPX Technologies to Report Third Quarter 2025 Financial Results CHARLOTTE, N.C., Oct. 06, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, October 30, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outlook during a confe...
SPX Announces Pricing of Public Offering of Common Stock
SPX Announces Pricing of Public Offering of Common Stock CHARLOTTE, N.C., Aug. 12, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”) announced today the pricing of an underwritten public offering of 2,659,575 shares of its common stock at a public offering price of $188.00 per share. The gross proceeds to SPX from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $500.0 million. All shares in the offering are to be sold by SPX. In addition, SPX has granted the underwriters a 30-day option to purc...
SPX Announces Proposed Public Offering of Common Stock
SPX Announces Proposed Public Offering of Common Stock CHARLOTTE, N.C., Aug. 11, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”) announced today that it intends to offer and sell $500 million of shares of its common stock in an underwritten public offering. In addition, SPX intends to grant the underwriters a 30-day option to purchase up to an additional $75 million of shares of its common stock offered in the public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the act...
SPX Reports Second Quarter 2025 Results
SPX Reports Second Quarter 2025 Results Raises Full-year Guidance CHARLOTTE, N.C., July 31, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the second quarter ended June 28, 2025. Second Quarter Highlights (amounts presented for continuing operations; all comparisons against the second quarter of 2024, unless otherwise noted) Revenue of $552.4 million, up 10.2%GAAP income from continuing operations of $52.5 million, up 16.2%GAAP EPS of $1.10, up 14.6%Adjusted EPS* of $1.65, up 16.2%Adj...
SPX Technologies to Report Second Quarter 2025 Financial Results
SPX Technologies to Report Second Quarter 2025 Financial Results CHARLOTTE, N.C., July 08, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, July 31, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outlook during a confer...
SPX Reports First Quarter 2025 Results
SPX Reports First Quarter 2025 Results CHARLOTTE, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 29, 2025. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2024, unless otherwise noted) Revenue of $482.6 million, up 3.7%, including 0.4% organicallyGAAP income from continuing operations of $51.7 million, up 5.1%GAAP EPS of $1.10, up 4.8%Adjusted EPS* of $1.38, up 10.4%Adjusted EBITDA* of $102.6 mil...
SPX Technologies Announces Acquisition of Sigma & Omega
SPX Technologies Announces Acquisition of Sigma & Omega Expands HVAC Solutions to Include Vertical Heat Pumps and Self Contained Units; Highly Complementary Products and Channels CHARLOTTE, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump (“Sigma & Omega”). The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX’s typical range of 8x-12x Adjusted EBITDA*. Fo...
SPX Technologies to Report First Quarter 2025 Financial Results
SPX Technologies to Report First Quarter 2025 Financial Results CHARLOTTE, N.C., April 09, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2025 after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results and business outlook during a conferenc...
SPX Technologies to Host Tour of Ingénia Facility on April 1, 2025
SPX Technologies to Host Tour of Ingénia Facility on April 1, 2025 CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) -- SPX Technologies Inc. (NYSE:SPXC) will host a tour of its Ingénia Technologies production facility on April 1, 2025, in Mirabel, Quebec, near Montreal. The event will be hosted by SPX’s corporate Investor Relations team and key managers of the company’s HVAC segment. The event is expected to begin mid-day and last approximately two hours in total. It will be open to current and prospective investors of SPX, as well as interested sell-side analysts. An invitation will be r...
SPX Reports Fourth Quarter and Full-Year 2024 Results
SPX Reports Fourth Quarter and Full-Year 2024 Results Q4 and Full Year 2024 GAAP EPS of $1.19 and $4.29 Compared with $0.67 and $3.10 in 2023, Up 78% and 38%Full-Year 2024 GAAP Net Income of $200.5 million Compared with $89.9 million in 2023, Up 123%Q4 and Full-Year Adjusted EPS* of $1.51 and $5.58 in 2024 Compared with $1.25 and $4.31 in 2023, Up 21% and 29%Introducing 2025 Full-Year Adjusted EPS* Guidance Range of $6.00-$6.25 CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the fourth ...
SPX Technologies Completes Acquisition of Kranze Technology Solutions ...
SPX Technologies Completes Acquisition of Kranze Technology Solutions (“KTS”) Accelerates Growth Strategy of Communications Technologies Platform;Highly Complementary Technology and Growth Markets CHARLOTTE, N.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) announced today that it has completed the acquisition of Kranze Technology Solutions, Inc. (“KTS”), a leader in digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies’ Communication Technologies (“CommTech”) platform, within its...
SPX Technologies to Report Fourth Quarter and Full-Year 2024 Financial...
SPX Technologies to Report Fourth Quarter and Full-Year 2024 Financial Results and Present 2025 Financial Guidance CHARLOTTE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2024 after the U.S. financial markets close on Tuesday, February 25, 2025. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss t...
SPX Technologies Announces Agreement to Purchase Kranze Technology Sol...
SPX Technologies Announces Agreement to Purchase Kranze Technology Solutions (“KTS”) Further Strengthens and Scales Communications Technologies Platform;Significant Installed Base and Attractive Pipeline of Growth Opportunities CHARLOTTE, N.C., Dec. 23, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase Kranze Technology Solutions, Inc. (“KTS”), a leader in digital interoperability and tactical networking solutions. Upon closing, KTS will become a part of SPX Technologies’ Communication Technologies (“CommTe...
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