---
title: "SPX Technologies | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 566.8 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284827705.md"
datetime: "2026-04-30T20:11:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284827705.md)
  - [en](https://longbridge.com/en/news/284827705.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284827705.md)
---

# SPX Technologies | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 566.8 M

Revenue: As of FY2026 Q1, the actual value is USD 566.8 M, beating the estimate of USD 557.63 M.

EPS: As of FY2026 Q1, the actual value is USD 1.27, missing the estimate of USD 1.2744.

EBIT: As of FY2026 Q1, the actual value is USD 95 M.

### First Quarter 2026 Financial Highlights (compared to First Quarter 2025)

#### Consolidated Results

-   SPX Technologies reported consolidated revenue of $566.8 million, marking an increase of 17.4%, which included 7.4% organic growth .
-   GAAP income from continuing operations rose by 24.6% to $64.4 million .
-   GAAP EPS was $1.27, an increase of 15.5% .
-   Adjusted EPS increased by 22.5% to $1.69 .
-   Adjusted EBITDA grew by 22.9% to $126.1 million, achieving an Adjusted EBITDA margin of 22.2% .
-   Operating income for SPX Technologies was $87.7 million, compared to $66.6 million in the prior year period .
-   Consolidated segment income reached $135.3 million, up from $110.5 million, representing 23.9% of revenues .
-   Adjusted operating income was $119.7 million, compared to $94.9 million in the prior year .

#### Cash Flow

-   Net operating cash flow from continuing operations was $29.8 million, a significant improvement from - $10.4 million in the prior year .
-   Capital expenditures were - $18.5 million .
-   Free cash flow from continuing operations was $11.3 million, compared to - $15.9 million in the prior year .
-   Adjusted free cash flow from continuing operations was $15.8 million, which was down from $36.3 million .

#### Segment Performance

-   **HVAC Segment:**
    -   Revenue increased by 22.0% to $394.0 million, driven by 9.6% organic growth and 11.5% inorganic growth from acquisitions .
    -   Segment income for HVAC was $88.6 million, up from $73.9 million, but segment income as a percent of revenues decreased by 40 basis points to 22.5% .
-   **Detection & Measurement Segment:**
    -   Revenue grew by 8.3% to $172.8 million, with 3.0% organic growth and 3.9% inorganic growth .
    -   Segment income rose to $46.7 million from $36.6 million, and segment income as a percent of revenues increased by 410 basis points to 27.0% .

#### Liquidity and Financial Position (as of March 28, 2026, compared to December 31, 2025)

-   Total debt increased to $674.0 million from $501.6 million .
-   Total cash decreased to $158.3 million from $366.0 million .

### 2026 Full-Year Guidance

SPX Technologies raised its full-year 2026 guidance, projecting total revenue between $2.575 billion and $2.645 billion, representing approximately 15% year-on-year growth at the midpoint . Adjusted EBITDA is anticipated to be between $600 million and $625 million, a 21% increase at the midpoint, while Adjusted EPS is expected to be in the range of $7.75 to $8.15, up around 18% at the midpoint . The company also updated segment income margin guidance, with HVAC expected at 24.25%-24.75% and Detection & Measurement at 25.50%-26.00% .

### Related Stocks

- [SPXC.US](https://longbridge.com/en/quote/SPXC.US.md)

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