AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 22.9% to $679.0M on data-center-driven cooling demand and the Crawford/Thermolec acquisitions, though gross margin slipped to 40.2% from 41.4%.
Biggest Revenue Drivers
HVAC$480.6M+27.6% YoY
Higher cooling equipment volumes tied to increased data center demand and higher throughput from added capacity, plus acquisitions
Detection and Measurement$198.4M+12.9% YoY
Organic growth driven by higher project volumes in aids to navigation and communication technologies businesses
Biggest Revenue Drivers
Total revenue: $679.0M+22.9% YoY
HVAC$480.6M+27.6% YoY
Higher cooling equipment volumes tied to increased data center demand and higher throughput from added capacity, plus acquisitions
Within HVAC
Package and process cooling equipment and services, and engineered air movement and handling solutions$319.0M
Largest HVAC product line, up from $238.8M a year ago
Hydronic heating, electrical heating, and ventilation$161.6M
Higher volumes of heating products, aided by the Thermolec acquisition
Detection and Measurement$198.4M+12.9% YoY
Organic growth driven by higher project volumes in aids to navigation and communication technologies businesses
Within Detection and Measurement
Communication technologies, aids to navigation, and transportation systems$128.5M
Higher project volumes; conflicts created significant additional demand within communication technologies
Largest Expense Items
Cost of products sold$406.2Mvs $323.5M prior-year quarter
Higher volumes plus capacity-expansion start-up costs, net tariff headwinds and inflationary cost increases
Selling, general and administrative$129.9M+10.8% YoY
$6.9M incremental SG&A from Thermolec/Crawford, $5.3M higher personnel costs, $3.6M higher professional fees
SG&A — intangible amortization$26.3M+6.9% YoY
Incremental amortization of Crawford backlog and other Thermolec/Crawford intangibles
Special charges, net$1.6M
Severance and asset impairment from restructuring at HVAC cooling and D&M location/inspection businesses
Margins: Gross margin fell to 40.2% from 41.4% on HVAC capacity-expansion start-up inefficiencies, net tariff headwinds and inflation, and a tougher prior-year mix; Detection and Measurement margin rose to 28.9% from 22.8%.
Watch Items from the Filing
HVAC segment margin fell to 22.8% from 25.4% on capacity-expansion start-up costs, tariff headwinds and less accretive mix.
Section 232 tariffs on aluminum, steel and copper apply to full customs value; company says it may be unable to mitigate as it did under IEEPA tariffs.
Acquisition pace: $439.6M spent on Crawford and Thermolec year-to-date, plus $430.0M for Neptronic on July 22, 2026, funded with $340.0M of revolver borrowings.
HVAC backlog grew to $918.8M from $539.5M, while Detection and Measurement backlog fell to $312.4M from $365.4M.
Goodwill of Thermolec, Crawford, KTS and Sigma & Omega totals $73.1M, $131.1M, $104.4M and $74.3M, with fair values approximating carrying values.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Shaw Ruth GReporting ownerGrant or award · May 12, 2026
Utley Tana LeighReporting ownerGrant or award · May 12, 2026
Willis Angel SReporting ownerGrant or award · May 12, 2026
Congress trading in SPXC
13 transactions in SPXC reported by 2 members of Congress under the STOCK Act, most recent trade Jul 16, 2026. Reported transactions, not recommendations.
About SPX Technologies, Inc. (SPXC): stock profile, AI score and financials
SPX Technologies, Inc. (SPXC) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores SPXC at 69.5/100 on a composite quality score built from its SEC filings, placing it at rank #252 of 2,925 stocks — the top 10% of the AI-ranked universe. SPXC scores in the top quartile across institutional flow (89.8), balance sheet strength (79.5). Based on the latest XBRL financial filings (Q2 2026), SPX Technologies, Inc. reports quarterly revenue of $679.0M, net income of $78.4M, an operating margin of 16.9%. Top institutional holders of SPXC by reported 13-F value include BlackRock, Capital International Investors, Capital World Investors, based on the most recent SEC filings. SPXC trades on the NYSE exchange and files with the SEC under CIK 88205. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPXC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SPX Technologies, Inc. directly from SEC EDGAR.