SPX Corporation: These Are The 7 Biggest Factors Impacting Its Performance In 2025 & Beyond! 

SPX Technologies reported a solid performance in the third quarter of 2024, showcasing substantial revenue growth and notable improvements in profitability metrics. The company’s revenue increased by 7.8% year-on[1]year, driven primarily by strength in its HVAC segment, particularly from cooling demand. The segment experienced a robust 15.9% revenue growth, with contributions from both organic performance and acquisitions, including Ingenia, enhancing growth by 6.8%. Profitability for SPX Technologies showed significant improvement, with adjusted EBITDA rising by approximately 27%, reflecting a 320 basis point margin expansion bolstered by operating leverage and acquisition synergies. HVAC’s segment income increased by 37.2%, accompanied by a 370 basis point margin improvement, underscoring strong profit generation from enhanced sales and integration benefits.