SPX Corporation: Expanding HVAC and Data Center Markets To Catalyze Growth! 

The earnings report from SPX Technologies showed a mix of positive and cautionary elements, indicating a firm trajectory in several areas along with challenges that may affect future performance. On the positive side, SPX Technologies demonstrated a strong finish to 2024, marked by a significant increase in adjusted EBITDA by 36% and adjusted EPS reaching the higher end of the guidance range. The company also achieved robust operational performance, highlighted by a 13.7% revenue growth with contributions from both its HVAC and Detection & Measurement segments. In particular, the HVAC segment clocked in impressive figures, reflecting an 18.6% year-on-year revenue increase, bolstered by strategic acquisitions like Ingénia. Furthermore, the Detection & Measurement segment saw a strong organic revenue growth of 4.2%, driven by solid sales across various product lines, which resulted in a 410 basis point increase in segment margin.