SPX Technologies reports Q3 2026 earnings, raises revenue outlook and lowers full‑year EPS guidance
SPX Technologies posted third‑quarter 2026 revenue of $714.5 million and adjusted earnings per share of $2.21, beating consensus estimates. The company completed the FIS Water acquisition and announced full‑year 2026 adjusted EPS guidance of $8.35 at the midpoint, down from its prior range, while raising revenue guidance to roughly $2.75‑$2.81 billion. HVAC revenue surged 35.5% YoY to $525 million, but segment margins fell 140 basis points, and total debt rose to about $1.3 billion.
Why it matters
The lowered EPS guidance may pressure the stock’s valuation, as analysts typically model earnings expectations (the company lowered its midpoint to $8.35). The higher debt level increases leverage, which could affect credit metrics and financing costs.
Key facts
- 1Q3 2026 revenue was $714.5 million. finance.yahoo.com
- 2Adjusted EPS for the quarter was $2.21. finance.yahoo.com
- 3Full‑year 2026 adjusted EPS guidance midpoint was lowered to $8.35. finance.yahoo.com
- 4Full‑year revenue guidance was raised to $2.75 billion‑$2.81 billion. finance.yahoo.com
- 5Adjusted EBITDA grew 22% YoY to $166 million. investing.com
- 6HVAC segment revenue grew 35.5% YoY to $525 million. investing.com
Open questions
- Revenue guidance range differs between $2.75‑$2.81 billion and $2.745‑$2.805 billion.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.