Filing Flows › SPX Technologies (SPXC) › Q3 2025
SPX Technologies (SPXC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
SPX Technologies (SPXC) reported revenue of $593M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +7% from the quarter before. Operating margin was 16.4%, net earnings $62.7M (10.6% of revenue).
SPX Technologies, Q3 2025: revenue $593M (+23% year over year), operating margin 16.4%, net earnings $62.7M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $593M | +7% | +23% |
| Operating profit | $97.1M | +12% | +23% |
| Net earnings | $62.7M | +20% | +25% |
| Operating cash flow | $106M | +151% | +107% |
| Free cash flow | $96.1M | +176% | +121% |
What changed
Revenue was $592.8M in Q3 2025, up 23% year over year and up 7% from the previous quarter. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions was the largest line at 40% of revenue. Communication technologies, aids to navigation, and transportation systems added $58.3M year over year (up 70%), 53% of the total change. Underground locators, inspection and rehabilitation equipment, and robotic systems declined 2%.
Operating profit was $97.1M, a 16.4% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 16% margin then. Total costs grew 22% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+44%). Net earnings were $62.7M, up 25% year over year. The effective tax rate was 22.7%.
Operating cash flow was $106.5M (up 107% year over year), 170% of net earnings. Non-cash charges added back $32.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $10.4M left free cash flow of $96.1M.
Questions
What was SPX Technologies' revenue in the third quarter 2025?
SPX Technologies (SPXC) reported revenue of $593M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +7% from the quarter before.
Was SPX Technologies profitable in the third quarter 2025?
Operating profit was $97.1M (16.4% of revenue) and net earnings $62.7M.
Source: SPX Technologies 10-Q on SEC EDGAR.