SPXC SPX Technologies (SPXC) Q1 FY26 earnings call
SPX Technologies delivered a strong start to the year, driven by robust data center demand and strategic acquisitions, leading to a raised full-year adjusted EPS guidance. The company is actively expanding HVAC capacity to meet accelerating demand, particularly in data centers, while managing tariff impacts and continuing to pursue accretive M&A opportunities. Management expressed confidence in its ability to maintain strong incremental margins as capacity ramps up.
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SPXC operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Backlog HVAC | $755MSegment backlog at quarter end was $755 million, up 38% organically year-over-year, primarily driven by data center demand.Source: earnings call transcript | $919MSegment backlog at quarter end was $919 million, up 59% organically year-over-year, primarily driven by strong data center demand.Source: earnings call transcript | +21.7% |
| Backlog Detection & Measurement | $333MSegment backlog at quarter end was $333 million, down modestly year-over-year.Source: earnings call transcript | $312MSegment backlog at quarter end was $312 million, down year-over-year, primarily driven by higher project volumes in the quarter.Source: earnings call transcript | -6.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.