MarketBeat
31 Oct 2026, 05:14 UTC · 2h ago
What SPX Technologies (SPXC) Said on Its Q3 Earnings Call
Impact · against what's priced in
SPXC is seeing exceptional demand for data center cooling, as evidenced by a record $1.1 billion HVAC backlog, but this growth is currently colliding with operational inefficiencies. The lowered EPS guidance midpoint to $8.35 due to $25 million in second-half cost headwinds offsets some of the positive revenue momentum.
- SPXC+0.20
No priced-in read yet
- In context
Strong data center demand drove a 69% YoY increase in HVAC organic backlog to $1.1 billion, though the company lowered its full-year EPS outlook midpoint to $8.35 due to $25 million in second-half cost headwinds.
Read from the article alone
