Filing Flows › SPX Technologies (SPXC) › Q1 2025
SPX Technologies (SPXC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
SPX Technologies (SPXC) reported revenue of $483M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -10% from the quarter before. Operating margin was 13.8%, net earnings $51.2M (10.6% of revenue).
SPX Technologies, Q1 2025: revenue $483M (+4% year over year), operating margin 13.8%, net earnings $51.2M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $483M | -10% | +4% |
| Operating profit | $66.6M | -26% | +3% |
| Net earnings | $51.2M | -10% | +4% |
| Operating cash flow | −$10.9M | — | — |
What changed
Revenue was $482.6M in Q1 2025, up 4% year over year and down 10% from the previous quarter. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions was the largest line at 41% of revenue. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions added $11.3M year over year (up 6%), 65% of the total change. Underground locators, inspection and rehabilitation equipment, and robotic systems declined 7%.
Operating profit was $66.6M, a 13.8% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 14% margin then. Total costs grew 4% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $51.2M, up 4% year over year. The effective tax rate was 10.8%.
Operating cash flow was −$10.9M. Non-cash charges added back $27.0M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $92.8M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$16.4M.
Questions
What was SPX Technologies' revenue in the first quarter 2025?
SPX Technologies (SPXC) reported revenue of $483M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -10% from the quarter before.
Was SPX Technologies profitable in the first quarter 2025?
Operating profit was $66.6M (13.8% of revenue) and net earnings $51.2M.
Source: SPX Technologies 10-Q on SEC EDGAR.