Filing Flows › SPX Technologies (SPXC) › Q2 2025
SPX Technologies (SPXC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
SPX Technologies (SPXC) reported revenue of $552M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +14% from the quarter before. Operating margin was 15.7%, net earnings $52.2M (9.4% of revenue).
SPX Technologies, Q2 2025: revenue $552M (+10% year over year), operating margin 15.7%, net earnings $52.2M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $552M | +14% | +10% |
| Operating profit | $86.6M | +30% | +16% |
| Net earnings | $52.2M | +2% | +18% |
| Operating cash flow | $42.5M | — | -26% |
| Free cash flow | $34.8M | — | -26% |
What changed
Revenue was $552.4M in Q2 2025, up 10% year over year and up 14% from the previous quarter. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions was the largest line at 43% of revenue. Communication technologies, aids to navigation, and transportation systems added $27.5M year over year (up 35%), 54% of the total change. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions declined 2%.
Operating profit was $86.6M, a 15.7% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 15% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was SG&A (+16%). Net earnings were $52.2M, up 18% year over year. The effective tax rate was 25.0%.
Operating cash flow was $42.5M (down 26% year over year), 81% of net earnings. Non-cash charges added back $32.5M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $46.1M. Capital expenditures of $7.7M left free cash flow of $34.8M.
Questions
What was SPX Technologies' revenue in the second quarter 2025?
SPX Technologies (SPXC) reported revenue of $552M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +14% from the quarter before.
Was SPX Technologies profitable in the second quarter 2025?
Operating profit was $86.6M (15.7% of revenue) and net earnings $52.2M.
Source: SPX Technologies 10-Q on SEC EDGAR.