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SPX Technologies, Inc. (SPXC) Presents at Bank of America...
2026-05-19 · via All Articles on Seeking Alpha

SPX Technologies, Inc. (SPXC) Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference May 13, 2026 8:45 AM EDT

Company Participants

Mark Carano - VP, CFO & Treasurer
Eugene Lowe - President, CEO & Director

Conference Call Participants

Andrew Obin - BofA Securities, Research Division

Presentation

Andrew Obin
BofA Securities, Research Division

So welcome to the next session. We have SPX Technologies. And we have Gene Lowe, President and CEO; and Mark Carano, who is VP, CFO and Treasurer.

We love SPX. We love SPX stock. We sort of highlighted, on a relative basis, we think it looks particularly good given recent market entrants. We can talk about that offline. But yes, I think you guys are going to have some slides, and then we're going to go into Q&A. Thanks so much.

Mark Carano
VP, CFO & Treasurer

I think, yes. Okay. Yes. Go ahead.

Eugene Lowe
President, CEO & Director

I didn't realize we're giving a presentation. Why not? Do you have the clicker here? I'll try to give a brief overview of who we are to set the stage.

Just a quick snapshot of who we are, about $2.6 billion, around $613 million of EBITDA, 23.5% EBITDA margin. And then you can kind of see the composition of our business, really 2 segments, approximately 2/3 HVAC, 1/3 D&M, predominantly North American based. You'll see a little bit, about 11% EMEA, 7% APAC, but really predominantly North America is where our business sits today.

The thing that really defines who we are is a couple of things. We really play in engineered niches with leading positions. We lead in about 90% of our revenue. We're #1 or #2 in the markets we serve. We're tech-enabled. We typically have very strong moats in the businesses that we operate, and we are very sustainable. What I mean