SPX Technologies released Q3 2026 results.

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, the Company issued the press release furnished as Exhibit 99.1 hereto and incorporated herein by reference.¹

The information in this Report, and in Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended², or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this Report, and Exhibit 99.1 hereto, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

2

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1 Press Release issued October 29, 2026, furnished solely pursuant to Item 2.02 of Form 8-K³

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)³

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SPX TECHNOLOGIES, INC.

(Registrant)

Date: October 29, 2026 By: /s/ MARK A. CARANO⁴

Mark A. Carano

Vice President, Chief Financial Officer⁴

SPX Reports Third Quarter 2026 Results

Continued Strong Growth

CHARLOTTE, N.C., October 29, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the third quarter ended September 26, 2026.⁵

Third Quarter Highlights (amounts presented for continuing operations; all comparisons against the third quarter of 2025, unless otherwise noted)

• Revenue of $714.5 million, up 20.5%⁶

• GAAP income from continuing operations of $82.3 million, up 30.4%⁷

• GAAP net income of $81.9 million, up 30.6%

Updated 2026 Guidance (all comparisons against the full year 2025, unless otherwise noted)

• Revenue range of $2.745 to $2.805 billion¹⁰, up ~23% year-on-year at the midpoint (prior range: $2.705 to $2.765 billion).

• Adjusted EBITDA* range of $625 to $645 million¹⁰, up ~25% year-on-year at the midpoint (prior range: $630 to $660 million).

• Adjusted EPS* range of $8.20 to $8.50¹⁰, up ~24% year-on-year at the midpoint (prior range: $8.20 to $8.60).

Gene Lowe, President and CEO, remarked, "We delivered another strong quarter, highlighted by robust revenue and earnings growth. HVAC continued to benefit from strong demand across key end markets, while Detection & Measurement delivered excellent profitability. Our results reflect the strength of our business model and the consistent execution of our teams."

Mr. Lowe continued, "We also made meaningful progress across our strategic growth initiatives. Our HVAC capacity expansion projects remain on track to support approximately $1.1 billion of annual data center revenue capacity at full production, and we recently expanded our cooling platform through the acquisition of FIS Water, further strengthening our position in attractive adjacent markets."

Mr. Lowe concluded, "Our updated guidance implies approximately 25% Adjusted EBITDA* growth at the midpoint for 2026, reflecting the momentum in our business and our confidence in the opportunities ahead."

Third Quarter and Year-to-Date Financial Comparisons:

($ millions, except per share data) Q3 2026 Q3 2025 2026 YTD 2025 YTD

Revenue

$ 714.5 $ 592.8 $ 1,960.3 $ 1,627.8

HVAC segment income

120.8 94.4 319.2 264.1

Detection and Measurement segment income

52.6 51.7 156.6 128.3

Operating income

115.3 97.1 318.0 250.3

Income from continuing operations

Adjusted operating income*

$ 157.4 $ 130.5

Adjusted EBITDA*

* Non-GAAP financial measure. See attached schedules for reconciliation of historical non-GAAP measures to most comparable GAAP financial measure. A reconciliation of non-GAAP guidance measures is not practicable and, accordingly, is not provided.

Segment Overview:

HVAC

Three months ended

($ millions) Q3 2026 Q3 2025

Revenue

$ 525.0 $ 387.4

• Organic

22.3 %

• Inorganic

13.0 %

• Currency

0.2 %

Total Growth

35.5 %

Segment income

Change in bps -140bps

Third Quarter 2026

The revenue increase was primarily driven by:

• an organic increase due primarily to (i) higher volumes of cooling equipment, mainly associated with increased data center demand, resulting from increased capacity⁹, and (ii) higher volumes of our heating products; and

• an inorganic increase from the acquisitions of Thermolec, Crawford, Neptronic and FIS Water.⁹

The segment income increase was due primarily to the revenue growth mentioned above. The decrease in segment margin was primarily due to (i) higher growth-related costs, largely labor and supply chain inefficiencies, associated with our volume increases and capacity expansion initiatives, and (ii) the impact of elevated input costs.

Detection and Measurement

Three months ended

($ millions) Q3 2026 Q3 2025

Revenue

$ 189.5 $ 205.4

• Organic

(7.9) %

• Currency

0.2 %

Total Growth

(7.7) %

Segment income

Change in bps 260bps

Third Quarter 2026

The decrease in revenue was primarily driven by lower project volumes within our communications technologies business.

The segment income and segment margin increases were due primarily to (i) a more favorable product mix within our transportation and communication technologies businesses, and (ii) benefits related to our segment synergy initiatives, primarily within our location and inspection and rehabilitation businesses, partially offset by lower income resulting from the organic revenue decline noted above.

Liquidity and Financial Position:

($ millions) Q3 2026 Q4 2025

Total debt

$ 1,334.7 $ 501.6

Total cash

120.8 366.0

2026 Guidance:

For the full year 2026, SPX now anticipates segment and company performance as follows:

Revenue Segment Income Margin % Adjusted

EPS*

Adjusted

EBITDA*/%