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. » Więcej na 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%. » Więcej na 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. » Więcej na finance.yahoo.com