SPX (SPXC) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 10:21 AM CDT 42 min read

Image source: The Motley Fool.

DATE

Thursday, Oct. 30, 2025 astatine 4:45 p.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Eugene Lowe

• Chief Financial Officer — Mark Carano

Full Conference Call Transcript

Eugene Lowe: Thanks, Mark. Good afternoon, everyone, and convey you for joining us. On the telephone today, we'll supply you with an update connected our consolidated and conception results for the 3rd 4th of 2025 arsenic good arsenic an update connected our outlook for the remainder of the year. Our Q3 show was strong. We grew 3rd 4th adjusted EPS by 32% and drove important nett and borderline maturation successful some segments. To bespeak our beardown show successful Q3 with the outlook for the 4th quarter, we are raising our afloat twelvemonth guidance range. We present expect adjusted EBITDA to transcend $500 cardinal astatine the midpoint of our updated range, implying astir 20% maturation year-over-year.

During Q3, we raised further superior done an equity offering and accrued the capableness of our revolving recognition facility. These actions supply america with much than $1 cardinal of further liquidity to enactment our integrated and inorganic worth instauration initiatives and bash not person a dilutive effect connected our 2025 EPS. We besides proceed to advancement connected respective cardinal integrated initiatives, including the enlargement plans for our engineered aerial question businesses and motorboat of the Olympus Max product, a caller large-scale cooling solution. Inorganically, our M&A pipeline remains robust with respective charismatic opportunities. Turning to our high-level results.

In the 3rd quarter, we grew gross by 23%, driven by beardown integrated maturation successful some segments and the payment of caller acquisitions. Adjusted EBITDA accrued by astir 31% year-over-year, with 150 ground points of borderline expansion. As always, I'd similar to update you connected our worth instauration initiatives. Over the past quarter, we've continued to summation traction connected our maturation and caller merchandise initiatives. We're making meaningful advancement connected enlargement plans for our engineered aerial question businesses wherever we spot important request successful excess of our existent accumulation capacity. We closed connected a lease installation successful Tennessee for U.S. accumulation of our TAMCO actuated dampers.

We expect accumulation successful this installation to statesman successful the second fractional of adjacent quarter. We're besides progressing connected our enlargement plans to nutrient Ingénia customized aerial handling units successful the U.S. We are presently targeting a determination successful the Southeast and we'll supply much item adjacent quarter. On caller merchandise front, our Olympus Max product, a adust and adiabatic cooling solution focused connected the large-scale needs of information halfway customers, continues to person fantabulous feedback and engagement from customers. We are connected way to execute our nonsubjective of booking $50 cardinal of Olympus Max orders successful 2025 for gross successful 2026. Now I'll crook the telephone backmost to Mark to reappraisal our fiscal results.