SPX Technologies, Inc. Reports Strong Q1 2026 Results with Double-digit Revenue and Earnings Growth

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USA: SPX Technologies, Inc. announced its financial results for the first quarter ended March 28, 2026. First Quarter Highlights (continuing operations; year-on-year comparison with Q1 2025). The company reported revenue of $566.8 million, reflecting a 17.4% increase, including 7.4% organic growth. GAAP income from continuing operations rose to $64.4 million, up 24.6%, while GAAP earnings per share (EPS) reached $1.27, marking a 15.5% increase. Adjusted EPS stood at $1.69, up 22.5%, and adjusted EBITDA totaled $126.1 million, representing a 22.9% rise.

The growth in revenue was primarily driven by contributions from the acquisition of KTS, along with organic expansion supported by higher volumes in the company’s transportation systems segment.

Improvement in segment income and margins was largely attributable to this revenue growth, coupled with a more favorable product mix. This included a higher share of software-as-a-service (SaaS) revenue within the transportation systems business, which typically delivers stronger margins compared to other offerings.

Source: SPX TECHNOLOGIES