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SPX Corp (SPXC)



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Upturn Advisory Summary
08/14/2025: SPXC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $201.64
1 Year Target Price $201.64
7 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 32.22% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.22B USD | Price to earnings Ratio 41.46 | 1Y Target Price 201.64 |
Price to earnings Ratio 41.46 | 1Y Target Price 201.64 | ||
Volume (30-day avg) 7 | Beta 1.27 | 52 Weeks Range 115.00 - 209.38 | Updated Date 08/15/2025 |
52 Weeks Range 115.00 - 209.38 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.5 |
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 2025-07-30 | When Before Market | Estimate 1.45 | Actual 1.65 |
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 41.46 | Forward PE 30.12 | Enterprise Value 10105871708 | Price to Sales(TTM) 4.49 |
Enterprise Value 10105871708 | Price to Sales(TTM) 4.49 | ||
Enterprise Value to Revenue 4.92 | Enterprise Value to EBITDA 23.53 | Shares Outstanding 49417700 | Shares Floating 45716383 |
Shares Outstanding 49417700 | Shares Floating 45716383 | ||
Percent Insiders 3.5 | Percent Institutions 99.67 |
Upturn AI SWOT
SPX Corp

Company Overview
History and Background
SPX Corporation was founded in 1912 as Piston Ring Company. It evolved through mergers and acquisitions, focusing on flow technology, detection and measurement, and engineered solutions. It has transformed from an automotive component supplier to a diversified industrial manufacturer.
Core Business Areas
- Detection & Measurement: Designs, manufactures, and markets underground infrastructure locating equipment, inspection and assessment technologies, and specialty detection products.
- Precision Solutions: Provides engineered solutions, including cooling technologies, mixing and dispensing systems, and specialty process equipment.
- Industrial Equipment & Services: Offers a variety of services including testing, maintenance, and repair of critical equipment for power generation, oil and gas, and other industries.
Leadership and Structure
SPX Corp is led by Gene Lowe (President & CEO). The organizational structure includes various business segments, each headed by a president or general manager, reporting to the CEO.
Top Products and Market Share
Key Offerings
- Underground Locating Equipment (Radiodetection): Designs and manufactures equipment for locating underground utilities. Radiodetection is a market leader in this space. Competitors include Vivax-Metrotech, Ridgid, and 3M. Market share estimated at approximately 30% within the segment.
- Cooling Technologies (Marley Flow Control): Offers cooling towers, fluid coolers, and related heat transfer equipment for various industrial applications. Competitors include Baltimore Aircoil Company, Evapco, and SPIG S.p.A. Market share estimated at around 15%.
- Mixing and Dispensing Systems (Lightnin Mixers): Provides mixers, agitators, and related equipment for industrial mixing applications. Competitors include EKATO, Philadelphia Mixing Solutions, and Chemineer. Market share estimated to be around 20%.
Market Dynamics
Industry Overview
The industrial manufacturing sector is influenced by economic cycles, infrastructure spending, and technological advancements. Demand is driven by infrastructure upgrades, industrial expansion, and regulatory compliance.
Positioning
SPX Corp holds a strong position in its niche markets through technological expertise, brand recognition, and a diversified product portfolio. They compete on quality, innovation, and customer service.
Total Addressable Market (TAM)
The TAM for SPX Corp's combined segments is estimated at approximately $20 billion. SPX Corp is well-positioned with key product segments in each of the business units for further growth.
Upturn SWOT Analysis
Strengths
- Strong brand reputation in key product lines
- Diversified product portfolio
- Global presence
- Technological expertise
- Recurring revenue from aftermarket services
Weaknesses
- Exposure to cyclical industries
- Dependence on raw material prices
- Integration risks from acquisitions
- Potential for product liability claims
- Reliance on key personnel
Opportunities
- Increased infrastructure spending
- Expansion into emerging markets
- Development of new technologies
- Acquisitions of complementary businesses
- Growth in demand for aftermarket services
Threats
- Economic downturns
- Increased competition
- Fluctuations in currency exchange rates
- Changes in regulatory environment
- Disruptive technologies
Competitors and Market Share
Key Competitors
- ITT
- DNOW
- ROP
Competitive Landscape
SPX Corp competes with larger and smaller companies in its various segments. It differentiates itself through technological expertise and a focus on niche markets.
Major Acquisitions
TCI LLC
- Year: 2022
- Acquisition Price (USD millions): 260
- Strategic Rationale: Enhances SPX's Detection & Measurement segment and broadens its product portfolio.
Pneumatic Products
- Year: 2023
- Acquisition Price (USD millions): 185
- Strategic Rationale: Expands SPX's filtration and drying technology and provides a broader global footprint.
Growth Trajectory and Initiatives
Historical Growth: SPX Corp has achieved growth through organic initiatives and strategic acquisitions.
Future Projections: Analysts project continued growth in revenue and earnings, driven by infrastructure spending and industrial expansion.
Recent Initiatives: Recent initiatives include investments in new technologies, expansion into emerging markets, and streamlining operations.
Summary
SPX Corp is a diversified industrial manufacturer with strong positions in niche markets. The company has shown consistent revenue and earnings growth, supported by strategic acquisitions and organic initiatives. Key strengths include a diversified portfolio and strong brand reputation, while potential threats include economic downturns and increased competition. The company is well-positioned for future growth due to focus on infrastructure and aftermarket service revenue.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data are estimates and may vary. Financial data is based on publicly available information and is subject to change. Always conduct your own research before making 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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