150.92
+5.75%
Close of 9 Nov 2026, in USD
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About SPX
From its filings with the US Securities and Exchange Commission
SPX is based in Charlotte, North Carolina and is incorporated in Delaware. Its shares trade on NYSE under the ticker SPXC. The SEC classifies its business as metalworkg machinery & equipment. In the fiscal year to 31 December 2025, it reported revenue of $2.27bn and net income of $244.0m. At that date it held total assets of $3.60bn and shareholders' equity of $2.24bn. By business, Package and process cooling equipment and services, and engineered air movement brought in 41.2% of revenue, followed by Hydronic heating, electrical heating, and ventilation at 25.8% and Communication technologies, aids to navigation, and transportation systems at 21.7%. By region, United States accounted for 80.0%, followed by Canada at 8.5% and United Kingdom at 4.2%.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 1 Jan 1972
- Employees
- 4,700
- Website
- spx.com ↗
- Head office
- 6325 ARDREY KELL ROAD, CHARLOTTE, NC, 28277
- Incorporated in
- DE
- Classification
- Metalworkg Machinery & Equipment
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Patrick O'LearyIndependent Chairman of the Board, since 1996$330,036
- Mr. Eugene LowePresident, Chief Executive Officer, Director, since 2014$6.5m
- Mr. James HarrisChief Financial Officer, Vice President, Treasurer$2.0m
- Mr. J. Randall DataPresident - South Africa and Global Operations$1.8m
- Mr. Ankush KumarPresident - SPX Global Cooling
- Mr. John SwannPresident - Weil-McLain, Marley Engineered Products and Radiodetection$1.7m
- Ms. NaTausha WhiteChief Human Resource Officer, Vice President$1.2m
- Mr. John NurkinVice President, General Counsel, Secretary$1.3m
- Mr. Ricky PuckettIndependent Director$235,036
- Mr. David RobertsIndependent Director$220,036
- Ms. Meenal SethnaIndependent Director$214,536
- Dr. Ruth ShawIndependent Director$225,036
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 75
- Environment
- 86
- Social
- 65
- Governance
- 75
- Direct emissions (scope 1)
- 11,440 t
- Energy emissions (scope 2)
- 22,843 t
- Women in the workforce
- 27%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- SPX Corp is a global leader in providing highly specialized, engineered solutions. The company has a strong market position and a diversified product portfolio, which enables it to cater to various industries, including automotive, energy, and industrial sectors.
- SPX Corp has a reputation for delivering high-quality products and solutions, which has earned the trust of its customers worldwide. This customer loyalty enhances the company's brand image and serves as a competitive advantage.
- The company boasts a talented workforce with extensive knowledge and expertise in their respective domains. This skilled workforce enables SPX Corp to innovate and develop cutting-edge solutions that meet the evolving market needs.
Weaknesses
- SPX Corp may face challenges in terms of its dependency on certain key customers or industries. Any decline or fluctuations in demand from these customers or sectors could adversely affect the company's financial performance.
- The company's extensive product portfolio might result in increased complexities in managing different product lines, supply chains, and manufacturing processes. This could lead to operational challenges and potential inefficiencies.
- There might be potential limitations in terms of geographic coverage, with some regions being underserved or untapped by SPX Corp. This could pose barriers to its expansion and growth in these specific markets.
Opportunities
- The global shift towards renewable energy sources presents significant opportunities for SPX Corp to offer its expertise in energy-related solutions. This growing market segment allows the company to diversify its portfolio and cater to the increasing demand for sustainable solutions.
- Expanding into emerging markets and regions with untapped potential can help SPX Corp tap into new customer segments and drive revenue growth. These markets offer opportunities for the company to establish strategic partnerships and enter into long-term contracts.
- Advancements in technology, such as the Internet of Things (IoT) and Industry 4.0, provide SPX Corp with opportunities to develop innovative solutions that optimize operational efficiency and enhance productivity for its customers.
Threats
- SPX Corp operates in a highly competitive industry where technological advancements and evolving customer preferences pose threats. Competitors may introduce similar products or solutions, affecting the company's market share.
- Economic fluctuations, trade barriers, and geopolitical factors can impact SPX Corp's business operations, especially when it comes to its global presence. Changes in government policies or regulations can also pose challenges for the company.
- The COVID-19 pandemic and its associated uncertainties have had a significant impact on various industries. This unprecedented situation poses threats in terms of market demand, supply chain disruptions, and overall economic stability for SPX Corp.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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