SPX Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 26, 2026, with the SEC on October 30, 2026, reporting third-quarter revenues of $714.5 million and net income of $81.9 million.

Key Highlights

  • Quarterly revenue of $714.5 million for the three months ended September 26, 2026, compared to $592.8 million in the same period of 2025, according to the filing.
  • Net income of $81.9 million for Q3 2026, versus $62.7 million in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Diluted EPS from continuing operations of $1.62 for Q3 2026, compared to $1.29 in Q3 2025, the filing disclosed.
  • Nine-month revenues of $1,960.3 million for the period ended September 26, 2026, up from $1,627.8 million for the same period in 2025.
  • Total assets rose to $4,851.6 million at September 26, 2026, from $3,604.6 million at December 31, 2025, reflecting significant increases in goodwill and intangibles.
  • Long-term debt increased to $1,247.5 million at September 26, 2026, from $496.7 million at December 31, 2025, per the balance sheet.
  • 50,102,017 common shares outstanding as of October 23, 2026, the filing stated.

SPX Technologies Reports Third-Quarter and Nine-Month 2026 Financial Results

SPX Technologies, Inc. (NYSE:SPXC), headquartered in Charlotte, North Carolina, reported quarterly revenues of $714.5 million for the three months ended September 26, 2026, an increase from $592.8 million in the comparable prior-year period, according to the filing. Operating income for Q3 2026 was $115.3 million, compared to $97.1 million in Q3 2025. Income from continuing operations reached $82.3 million for the quarter, up from $63.1 million a year earlier. The company also recorded a loss from discontinued operations of $0.4 million in Q3 2026, resulting in net income of $81.9 million.

For the nine months ended September 26, 2026, the filing reported revenues of $1,960.3 million, compared to $1,627.8 million for the nine months ended September 27, 2025. Nine-month operating income was $318.0 million versus $250.3 million in the prior-year period. Income from continuing operations for the nine-month period was $226.0 million, and net income was $220.2 million after a $5.8 million net loss from discontinued operations. Diluted net income per share for the nine months was $4.35, compared to $3.48 in the prior-year period, the filing disclosed.

The balance sheet reflected notable changes between December 31, 2025, and September 26, 2026. Goodwill increased to $1,612.7 million from $1,043.4 million, and intangibles, net rose to $1,503.0 million from $868.2 million, according to the filing. Cash and equivalents declined to $119.2 million from $364.0 million. Total stockholders' equity was reported at $2,445.2 million at September 26, 2026, up from $2,237.5 million at December 31, 2025. Interest expense for the nine-month period was $28.3 million, compared to $39.9 million in the prior-year period, the filing noted.

What Was Disclosed

SPX Technologies filed its quarterly report covering the period ended September 26, 2026, disclosing revenues, earnings, balance sheet data, and per-share results for both the third quarter and the nine-month year-to-date period, along with changes in stockholders' equity and debt levels.