SPXCNYSE

SPX Technologies, Inc.

Metalworkg Machinery & Equipment · DE · CIK 88205

SPX Technologies designs, manufactures, and markets highly engineered products and technologies for the industrial, commercial, and infrastructure markets

red 8-K · 90d

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$11.52B

Market cap

$238.21

Last close

+2.7%

-3.3%

740K

Volume

Price · last 39 sessions+18.4%

May 4L $195.79 · H $246.41Jun 29

259

Total filings

Jun 22, 2026

Last filing

12/31

Fiscal year end

All 8-K · 141 10-Q · 40 DEFA14A · 19 DEF 14A · 14 11-K · 14 10-K · 13 SC 13G · 11 8-K/A · 4

Insider Activity

In the 90 days to Mar 2, 2026: 2 sold $11.9M.

Date	Insider	Action	Shares	Price	Value
Mar 2, 2026	Lowe Eugene Joseph IiiPRESIDENT AND CEO	Sell	29,830	$225.23	$6.7M
Mar 2, 2026	Lowe Eugene Joseph IiiPRESIDENT AND CEO	Sell	6,508	$224.36	$1.5M
Mar 2, 2026	Lowe Eugene Joseph IiiPRESIDENT AND CEO	Sell	5,078	$225.85	$1.1M
Dec 11, 2025	Data J RandallPRES., HEATING AND GLOBAL OPER	Sell	10,486	$215.25	$2.3M
Dec 11, 2025	Data J RandallPRES., HEATING AND GLOBAL OPER	Sell	500	$216.11	$108K
Dec 11, 2025	Data J RandallPRES., HEATING AND GLOBAL OPER	Sell	400	$213.89	$86K
Dec 11, 2025	Data J RandallPRES., HEATING AND GLOBAL OPER	Sell	314	$217.20	$68K
Dec 11, 2025	Data J RandallPRES., HEATING AND GLOBAL OPER	Sell	300	$218.51	$66K
Nov 19, 2025	Swann John William IiiPRES., DETECTION & MEASUREMENT	Sell	17,891	$206.51	$3.7M
Nov 19, 2025	Swann John William IiiPRES., DETECTION & MEASUREMENT	Sell	17,920	$205.47	$3.7M
Nov 19, 2025	Swann John William IiiPRES., DETECTION & MEASUREMENT	Sell	2,944	$207.10	$610K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Feb 26, 2025 → Feb 25, 2026

32 added · 11 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

For example, in 2025, we issued 3.059 shares of our common stock for cash in a registered public offering.
In connection with the acquisition of Crawford, we identified the businesses comprising its former Industrial & Transportation Products segment, which serve aerospace, defense, transportation, and marine markets, as non-core to our long-term strategy.
In addition, changes in focus or reductions in budgetary funding available to government or municipal agencies to which we sell could have a material adverse effect on our business, financial condition, results of operations and cash flows.
Revenue generated from sales to or funded by the U.S. government, and their agencies, expose us to certain risks, which could materially and negatively affect our business, financial condition, and results of operations: • Some of our government contracts are long-term agreements funded on an annual basis.
Additionally, changes in government spending priorities, reductions in agency staffing levels, or government shutdowns could lead to program cancellations, work stoppages, delays in program execution and payments, and challenges in fulfilling existing contracts or competing for new opportunities.
Government customers are not obligated to maintain funding at any particular level, and program funding may be reduced or eliminated entirely or our customers may also redirect spending toward areas outside our current service offerings. • Our contracts with the U.S. government or their agencies, as well as those that receive government funding, are subject to audits, investigations, and other proceedings that may result in adjustments to reimbursable costs.
If any wrongdoing is alleged, we could also face temporary or permanent suspension from government programs, along with penalties that may include monetary damages and criminal or civil sanctions. • The U.S. government and their agencies may modify, reduce, insource or terminate our contracts at any time before completion, and if we are unable to replace this work, our revenue could decline. • Most U.S. government contracts are awarded through a highly competitive process that often places significant emphasis on price.
Increasing use of multi‑year, multi‑award contracts requires additional competitive bidding for each task order, creating greater pricing pressure and incremental costs. • We may be disadvantaged in competing for certain U.S. government contracts due to policies that prioritize awards to small, under‑represented, or disadvantaged businesses. • Certain U.S. government contracts require security clearances, which can be difficult and time‑consuming to obtain.
Severe weather events (such as flooding, tornadoes or hurricanes), earthquakes, tsunamis, fires, explosions, acts of war, terrorism, civil unrest, outbreaks, epidemics or pandemics of infectious diseases (such as the COVID-19 pandemic), orders or actions by government authorities or requirements of law, embargoes or blockades, national or regional emergencies, telecommunications breakdowns, power outages or shortages, or other events beyond our reasonable control could adversely impact our operations.
These projects involve significant estimates and dependencies, and are subject to risks and uncertainties that include, among others, delays or denials of environmental, zoning or building permits; continued availability of necessary funding on acceptable terms or at all, contractor or supplier delays (including for long‑lead-time equipment); availability of site utilities and interconnections; inflation in construction and installation costs; commissioning and qualification challenges; the ability to attract and train sufficient skilled personnel to staff new and expanded facilities; and achieving anticipated yields, throughput and cost‑savings.
Any failure to execute these projects as planned—or to bring capacity online in line with demand—could result in cost overruns, schedule slippage, production shortfalls, customer delivery delays, penalties under customer or incentive agreements, and reduced returns on invested capital.
These risks may limit or delay the realization of benefits from our restructuring, cost‑reduction or footprint‑optimization and expansion initiatives and, depending on the nature and extent of the impact from these risks, they could have a material adverse effect on our business, results of operations, or financial condition. 9 Risks Related to Acquisitions and Dispositions Acquisitions involve a number of risks and present financial, managerial and operational challenges.

No longer disclosed

Severe weather events (such as flooding, tornadoes or hurricanes), earthquakes, tsunamis, fires, explosions, acts of war, terrorism, civil unrest, or outbreaks, epidemics or pandemics of infectious diseases (such as the recent COVID-19 pandemic) could adversely impact our operations.
At December 31, 2024, we had goodwill and other intangible assets, net, of $1,537.5.
We have divested a number of businesses, including the Spin-Off in 2015.
Risks Related to Acquisitions and Dispositions Acquisitions involve a number of risks and present financial, managerial and operational challenges.
Many of our customers historically have tended to delay capital projects, including expensive maintenance and upgrades, during economic downturns.
See “MD&A - Critical Accounting Estimates - Contingent Liabilities” and Note 15 to our consolidated financial statements for further discussion.
At December 31, 2024, our cash and equivalents balance wa s $161.4 .
Downturns in global economies could negatively impact our results of operations and prospects.
Failure to protect or unauthorized use of our intellectual property may harm our business.
At December 31, 2024, we h a d $614.7 in total indebtedness.
IT security threats are increasing in frequency and sophistication.

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