Overview

* SPX Q3 revenue grows 22.6% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, rising 32.4% yr/yr

* Company raises 2025 adjusted EBITDA guidance

Outlook

* SPX raises 2025 Adjusted EBITDA guidance to $495-$515 mln

* SPX maintains 2025 revenue guidance at $2.225-$2.275 bln

* Detection & Measurement income margin guidance raised to 23.25%-23.75%

Result Drivers

* HVAC GROWTH - Driven by higher volumes of heating and cooling products and increased production capacity

* DETECTION & MEASUREMENT GROWTH - Boosted by higher project volumes and acquisition of KTS

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $592.80 $576.89

Revenue mln mln (10

Analysts

)

Q3 Beat $1.84 $1.61

Adjusted (10

EPS Analysts

)

Q3 EPS $1.29

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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 $207.00, about 3.4% above its October 29 closing price of $200.00

Press Release:

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(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.)