What Happened?

Shares of infrastructure equipment supplier SPX Technologies (NYSE: SPXC) jumped 13.8% in the afternoon session after the company reported strong third-quarter results that beat analyst expectations and raised its full-year profit forecast. The infrastructure equipment supplier announced that its revenue climbed 22.6% year-over-year to $592.8 million, exceeding analysts' projections. Profits also impressed, as adjusted earnings per share jumped 32.4% to $1.84, beating the consensus estimate. Following the strong quarter, the company increased its full-year profit outlook for 2025, signaling confidence in its continued performance.

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What Is The Market Telling Us

SPX Technologies’s shares are somewhat volatile and have had 10 moves greater than 5% over the last year. But moves this big are rare even for SPX Technologies and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 8 months ago when the stock gained 14.5% on the news that the company reported strong fourth-quarter results, with revenue rising 14% year-on-year, fueled by continued strength in its HVAC segment​. SPXC's full-year 2025 guidance for revenue and adjusted EBITDA also came in above analysts' expectations​. Overall, the quarter highlighted key positives.

SPX Technologies is up 58.9% since the beginning of the year, and at $232.20 per share, has set a new 52-week high. Investors who bought $1,000 worth of SPX Technologies’s shares 5 years ago would now be looking at an investment worth $5,303.

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