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How SPX Technologies (SPXC) makes money
SPX Technologies (SPXC) made $714M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions brought in $338M (47%); Hydronic heating, electrical heating, and ventilation brought in $187M (26%); Communication technologies, aids to navigation, and transportation systems brought in $122M (17%). Of every dollar of revenue, 16¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions | $338M | 47.4% | +6% | +43% |
| Hydronic heating, electrical heating, and ventilation | $187M | 26.1% | +15% | +24% |
| Communication technologies, aids to navigation, and transportation systems | $122M | 17.1% | -5% | -14% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | $67.3M | 9.4% | -4% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $714M | 100.0% |
| Operating profit | $115M | 16.1% |
| Income tax | $24.0M | 3.4% |
| Net earnings | $81.9M | 11.5% |
| Operating cash flow | $59.3M | 8.3% |
| Free cash flow | $19.3M | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $714M | +20% |
| Q2 2026 | $679M | +23% |
| Q1 2026 | $567M | +17% |
| Q4 2025 | $637M | +19% |
| Q3 2025 | $593M | +23% |
| Q2 2025 | $552M | +10% |
| Q1 2025 | $483M | +4% |
From SPX Technologies' 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does SPX Technologies make money?
SPX Technologies (SPXC) made $714M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions brought in $338M (47%); Hydronic heating, electrical heating, and ventilation brought in $187M (26%); Communication technologies, aids to navigation, and transportation systems brought in $122M (17%). Of every dollar of revenue, 16¢ was left as operating profit, 11¢ was left as net earnings.
What is SPX Technologies' biggest business?
Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions: $338M in the third quarter 2026, 47% of revenue, +43% from a year earlier.
What is SPX Technologies' profit margin?
Net earnings were $81.9M, 11.5% of revenue, in the third quarter 2026; the operating margin was 16.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.