
• Reported GAAP EPS of $1.20 up 8.11% YoY • Reported revenue of $566.8M up 17.45% YoY • SPX Corp. raised its 2026 revenue guidance to $2.58B, Adjusted EBITDA to $600M, and Adjusted EPS to $7.75-$8.15, reflecting approximately 15% revenue and 21% EBITDA growth at the midpoint.
Bullish
SPX Corp. delivered strong Q1 2026 revenue growth of 17.4%, with Adjusted EBITDA up 22.9%, driven by healthy market demand and strategic production capacity expansions.
Bearish
SPX Corp. experienced a 40 bps decline in HVAC segment income margin due to capacity expansion inefficiencies, alongside increased total debt to $674M and significant acquisition-related costs.