Overview

* SPX Q2 revenue rises 10.2% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 increases 16.2%, exceeding consensus estimates, per LSEG data

* Co, which supplies detection and measurement products, raises 2025 guidance

Outlook

* SPX raises 2025 revenue guidance to $2.225-$2.275 bln

* Company expects 2025 adjusted EBITDA of $485-$510 mln

* SPX sees 2025 adjusted EPS of $6.35-$6.65

* Company confident in strong customer demand for second half of 2025

Result Drivers

* HVAC SEGMENT GROWTH - Revenue increased by 5.7% due to inorganic growth from acquisitions and higher volumes of heating and cooling products, despite a larger service project in the previous year

* DETECTION & MEASUREMENT GROWTH - Revenue in this segment rose 21.3% driven by the acquisition of KTS and higher project volumes in communication technologies and transportation systems, partially offset by lower volumes in aids to navigation

* STRATEGIC INITIATIVES - Co is advancing growth initiatives and new product introductions, including expanding production capacity for Engineered Air Movement businesses and launching the OlympusV Max cooling solution for data centers, per CEO Gene Lowe

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $552.40 $546.60

Revenue mln mln (7

Analysts

)

Q2 Beat $1.65 $1.45 (7

Adjusted Analysts

EPS )

Q2 EPS $1.1

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for SPX Technologies Inc ( SPXC ) is $195.00, about 7% above its July 30 closing price of $181.26

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)