SPX Technologies, Inc. Overview
Pro stress-test →SPX Technologies is a diversified, global supplier of highly engineered products and technologies holding leadership positions in HVAC and detection and measurement markets, with operations in over 16 countries based in Charlotte, North Carolina. The company delivered strong Q1 2026 results with revenue of $566.8 million, up 17.4%, and Adjusted EBITDA of $126.1 million, up 22.9%.
Strategic Profile
Pro stress-test →SPX is executing an acquisition-driven growth strategy, with recent additions including Thermolec and the air handling segment of Crawford United to scale its HVAC segment in early 2026. HVAC cooling volumes are climbing with data center demand, which is driving adjusted EBITDA growth. Management anticipates double-digit growth in Adjusted EBITDA and Adjusted EPS for 2026.
Competitive Landscape
Pro stress-test →SPX holds leadership positions in the HVAC and detection/measurement markets. The company competes against diversified industrial equipment manufacturers with HVAC exposure (including Lennox, Carrier, Parker Hannifin) and detection/measurement specialists. SPX's strategic positioning combines scale with targeted acquisitions to expand addressable markets, particularly in commercial HVAC for data centers.
Industry Context
SPX Technologies, Inc. operates in Commercial HVAC equipment and systems.
Key facts
Founded: 2016 (spinoff) · Headquarters: Charlotte, US · Employees: N/A · Revenue: $2.265B (FY2025) · Market cap: N/A