Short answer
SPX Technologies, Inc. (SPXC) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 28, 2026. Quarterly revenue was $567M (up 17.4% year over year) with net income of $60M.
Q1 2026 key financials · XBRL
- Revenue
- $567M
- +17.4% YoY
- Net income
- $60M
- +17.0% YoY
- Operating margin
- 15.5%
- EPS (diluted)
- $1.19
- +9.2% YoY
Source: XBRL data from the SPX Technologies, Inc. (SPXC) Q1 2026 10-Q on SEC EDGAR. USD.
SPX Technologies, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $566.8M, up 17.4% YoY from $482.6M, driven by acquisitions and organic HVAC and Detection growth
- Gross margin 40.7% vs 40.6% YoY; operating income $87.7M vs $66.6M
- Detection and Measurement strongest margin: 27.0% vs 22.9%; HVAC revenue $394.0M, up 22.0%, but margin 22.5% vs 22.9%
- Operating cash flow $29.8M vs $(10.4)M; investing outflow $(455.0)M, including $439.6M acquisitions and $18.5M capital expenditures
- Tariffs remain uncertain with potentially material future impact; near-term cost, cash-flow, and sourcing mitigation actions underway
Risk Factors
- New geopolitical risk: February 2026 U.S.-Israel-Iran conflict, threatening energy prices, supply chains, inflation, and markets
- Most material update: Section 232 tariffs on aluminum, steel, and copper based on full customs value
- Legal risk: IEEPA tariff refunds remain uncertain in availability, timing, and amount after February 20, 2026 Supreme Court ruling
- Market risk: Retaliatory trade actions and tariff changes could adversely affect results and cash flows
- Financial risk: Tariff exposure could increase raw-material costs despite prior mitigation through pricing actions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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