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SPX Corp (SPXC)


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Upturn Advisory Summary
10/15/2025: SPXC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $201.83
1 Year Target Price $201.83
7 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 29.45% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.04B USD | Price to earnings Ratio 40.83 | 1Y Target Price 201.83 |
Price to earnings Ratio 40.83 | 1Y Target Price 201.83 | ||
Volume (30-day avg) 7 | Beta 1.36 | 52 Weeks Range 115.00 - 209.38 | Updated Date 10/17/2025 |
52 Weeks Range 115.00 - 209.38 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.48 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.27% | Operating Margin (TTM) 17.05% |
Management Effectiveness
Return on Assets (TTM) 7% | Return on Equity (TTM) 15.02% |
Valuation
Trailing PE 40.83 | Forward PE 25.71 | Enterprise Value 10163690452 | Price to Sales(TTM) 4.4 |
Enterprise Value 10163690452 | Price to Sales(TTM) 4.4 | ||
Enterprise Value to Revenue 4.95 | Enterprise Value to EBITDA 23.67 | Shares Outstanding 49417730 | Shares Floating 45764544 |
Shares Outstanding 49417730 | Shares Floating 45764544 | ||
Percent Insiders 3.31 | Percent Institutions 92.37 |
Upturn AI SWOT
SPX Corp

Company Overview
History and Background
SPX Corporation was founded in 1912 as Piston Ring Company. It evolved through acquisitions and divestitures to become a multi-industry manufacturer focused on infrastructure and detection & measurement solutions. It has since divested business lines to focus on specialized industrial technologies.
Core Business Areas
- Detection & Measurement: Provides highly specialized solutions to solve critical performance challenges enabling safer operations, improved precision and the management of critical processes. This segment includes technologies for underground infrastructure detection, inspection equipment, location and damage prevention.
- Engineered Solutions: Provides highly specialized engineered solutions, offering custom mixing, thermal management, and front-end process equipment solutions, including process cooling equipment.
Leadership and Structure
The leadership team includes Gene Lowe (President and CEO) and other key executives. The company is structured with business segments reporting to the CEO.
Top Products and Market Share
Key Offerings
- Underground Infrastructure Detection and Location Equipment: Equipment used to locate and mark underground utilities. Market share is estimated to be significant but specific figures fluctuate. Competitors include Trimble, Radiodetection (SPX is actually selling this), and Leica Geosystems.
- Heat Transfer Equipment: Shell and tube heat exchangers, air cooled heat exchangers. SPX has a leading position in certain niches. Competitors include Alfa Laval, Tranter, and Kelvion.
- Mixing Solutions: Mixing equipment for various industries. They compete with Alfa Laval and Sulzer.
Market Dynamics
Industry Overview
The industrial technology market is driven by infrastructure development, process automation, and demand for precision detection and measurement.
Positioning
SPX Corp is positioned as a provider of specialized solutions within these segments, focusing on high-value applications.
Total Addressable Market (TAM)
Estimated TAM is multi-billion, reflecting the breadth of industries served. SPX Corp is positioned to capture a portion of this through its specialized offerings.
Upturn SWOT Analysis
Strengths
- Specialized product offerings
- Strong brand recognition in key markets
- Established customer relationships
- Experienced management team
Weaknesses
- Dependence on specific industries
- Potential for technological obsolescence
- Exposure to economic cycles
- Smaller scale compared to larger diversified industrial competitors
Opportunities
- Expansion into new geographic markets
- Development of innovative solutions
- Acquisitions to broaden product portfolio
- Growth in emerging markets
Threats
- Increased competition
- Economic downturns
- Changes in regulatory requirements
- Disruptive technologies
Competitors and Market Share
Key Competitors
- Trimble (TRMB)
- Alfa Laval (ALFA.ST)
- ITT Inc. (ITT)
Competitive Landscape
SPX Corp competes on specialized solutions and technology. Its advantages are niche expertise and customer relationships. Disadvantages include scale and diversification compared to larger players.
Major Acquisitions
IMG Companies, LLC
- Year: 2024
- Acquisition Price (USD millions): 85
- Strategic Rationale: Enhanced Detection and Measurement segment with advanced NDT solutions.
Growth Trajectory and Initiatives
Historical Growth: Discuss SPX Corp's growth trends over the past years using SPX's financial data from their investor relations website. The following are example values only. Data from the most recent annual report is required for accuracy. The example below is filled with the required number of metrics. Note that this is an *EXAMPLE* and must be replaced with data from SPXu2019s 2023 annual report.
Future Projections: Provide projections for SPX Corp's future growth based on analyst estimates using SPX's financial data from their investor relations website. The following are example values only. Data from the most recent annual report is required for accuracy. The example below is filled with the required number of metrics. Note that this is an *EXAMPLE* and must be replaced with data from SPXu2019s 2023 annual report.
Recent Initiatives: Highlight recent strategic initiatives undertaken by SPX Corp.
Summary
SPX Corporation offers specialized industrial technologies in detection and measurement, and engineered solutions. Their strength lies in focused niches and established customer relationships. However, they face challenges from larger, more diversified competitors. Strategic acquisitions should continue to strengthen their position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SPX Corporation Investor Relations
- SEC Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPX Corp
Exchange NYSE | Headquaters Charlotte, NC, United States | ||
IPO Launch date 1985-07-01 | President, CEO & Director Mr. Eugene Joseph Lowe III | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 4300 | Website https://www.spx.com |
Full time employees 4300 | Website https://www.spx.com |
SPX Technologies, Inc. engages in the supply of infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air movement and handling solutions for the HVAC industrial, commercial, data center, and power generation markets, as well as heating and ventilation products for the residential, industrial, and commercial markets. It offers its cooling products under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, and Ingénia names; and heating products under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators; inspection and rehabilitation equipment; robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies products under the TCI and ECS brand names; and obstruction lighting products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina

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