Strong Start to Fiscal Year 2025
SPX Technologies reported a 12% increase in adjusted EBITDA and a 10% increase in adjusted EPS for Q1 2025, showcasing strong margin performance and progress on key initiatives.
HVAC Segment Growth
Revenue in the HVAC segment grew by 6.8% year-on-year, with organic growth of 4.4%. The segment also benefited from the acquisition of Sigma and Omega, contributing to future growth opportunities.
Acquisition of Sigma and Omega
The recent acquisition of Sigma and Omega enhances the HVAC segment's value proposition and expands the addressable market, targeting multistory buildings across North America.
Increased Full Year Guidance
The company raised its full-year adjusted EPS guidance range to $6.10 to $6.40, reflecting strong Q1 results and the accretive acquisition of Sigma and Omega.
Strong Order Backlog
The Detection & Measurement segment reported a 56% increase in backlog sequentially from Q4, indicating a healthy demand for project deliveries in the future.