SPX Technologies, Inc.
For the period ended Jun 28, 2025. Filed Aug 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2025 · Filed Aug 1, 2025
SPXC$150.12-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets
(Unaudited; in millions, except share data)
| June 28,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $132.8 | $156.9 |
| Accounts receivable, net | 363.8 | 313.6 |
| Contract assets | 42.0 | 11.3 |
| Inventories, net | 321.9 | 271.0 |
| Other current assets | 60.1 | 31.5 |
| Total current assets | 920.6 | 784.3 |
| Property, plant and equipment: | ||
| Land | 23.2 | 23.5 |
| Buildings and leasehold improvements | 116.9 | 113.3 |
| Machinery and equipment | 325.1 | 308.1 |
| 465.2 | 444.9 | |
| Accumulated depreciation | (238.3) | (226.9) |
| Property, plant and equipment, net | 226.9 | 218.0 |
| Goodwill | 1,040.9 | 834.5 |
| Intangibles, net | 914.7 | 703.0 |
| Other assets | 193.2 | 164.1 |
| Deferred income taxes | 2.5 | 2.4 |
| Assets of DBT and Heat Transfer (includes cash and equivalents of $4.1 and $4.5 at June 28, 2025 and December 31, 2024, respectively) (Note 3) | 7.9 | 8.2 |
| TOTAL ASSETS | $3,306.7 | $2,714.5 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $140.3 | $128.1 |
| Contract liabilities | 76.5 | 62.3 |
| Accrued expenses | 166.2 | 170.8 |
| Income taxes payable | 16.0 | 19.4 |
| Short-term debt | 41.4 | 10.1 |
| Current maturities of long-term debt | 27.6 | 27.6 |
| Total current liabilities | 468.0 | 418.3 |
| Long-term debt | 950.3 | 577.0 |
| Deferred and other income taxes | 118.7 | 97.8 |
| Other long-term liabilities | 223.0 | 224.2 |
| Liabilities of DBT and Heat Transfer (Note 3) | 13.4 | 12.8 |
| Total long-term liabilities | 1,305.4 | 911.8 |
| Commitments and contingent liabilities (Note 15) | ||
| Stockholders' Equity: | ||
| Common stock (54,445,337 and 46,737,199 issued and outstanding at June 28, 2025, respectively, and 54,196,620 and 46,368,240 issued and outstanding at December 31, 2024, respectively) | 0.6 | 0.5 |
| Paid-in capital | 1,371.6 | 1,373.5 |
| Retained earnings | 342.2 | 238.8 |
| Accumulated other comprehensive income | 263.8 | 223.6 |
| Common stock in treasury (7,708,138 and 7,828,380 shares at June 28, 2025 and December 31, 2024, respectively) | (444.9) | (452.0) |
| Total stockholders' equity | 1,533.3 | 1,384.4 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3,306.7 | $2,714.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.