SPX Technologies Inc

SPX Technologies completed the acquisition of FIS Water for about $410 million in cash; FIS Water is forecast to generate roughly $105 million of revenue in 2026. The business adds filtration, flow-control, valves and actuators to SPX's HVAC/cooling portfolio and is expected to enable cross-selling with existing cooling-tower and Neptronic controls products. The cash price equals roughly 3.9 times expected annual revenue, leaving profitability, cash generation and integration execution as the key tests for the deal's returns. Management will update 2026 guidance with third-quarter results to reflect the acquisition's impact. » More on finance.yahoo.com

SPX Corp shares hit a 52-week low of $179.45 and are down about 3.05% year-to-date, having lost roughly 8% over the past six months. Despite the decline, SPX Technologies reported better-than-expected Q2 results with adjusted earnings of $2.02 per share and revenue of $679 million. The company raised its full-year adjusted EPS guidance to $8.40, posted organic revenue growth, increased expected data center capacity to $1.1 billion, and saw HVAC order volume grow organically by 59%. » More on de.investing.com

SPX Technologies reported Q2 revenue up 23% year‑over‑year to $679 million and adjusted EBITDA of $152 million, a 20% increase. The company completed a $430 million acquisition of Neptronic, expanded manufacturing capacity, and now sees potential for $1.1 billion in data‑center equipment sales at full production (previously $750 million). Adjusted EPS rose 22% to $2.02, and management raised full‑year guidance to about $2.7 billion in revenue and $8.40 in adjusted EPS, reflecting stronger data‑center and detection segment demand. » More on finance.yahoo.com

SPX Technologies has appointed Brian Deck as an independent member of its board of directors with immediate effect. Deck will serve on the audit committee and the governance and sustainability committee; he is currently CEO of JBT Marel Corporation and previously served as CFO at National Material and held senior finance roles at Ryerson, General Electric and Bank One. SPX Technologies is a Charlotte-based provider of technical products for the HVAC and detection and measurement markets. » More on de.investing.com

JPMorgan raised its price target on SPX Technologies to $270 (Overweight) and Truist lifted its target to $261 (Buy) following a first-quarter earnings beat. Organic growth contributed 7.4 percentage points to a 17% jump in sales, reflecting healthy demand across key end markets. The results reinforced confidence in management’s ability to convert opportunities across the company’s water, utility and infrastructure businesses. » More on finance.yahoo.com