SPX Technologies stock trades near its 52-week low after deal

SPX Technologies stock stood at USD 173.60 on the NYSE on September 23, 2026, just 0.61 percent above its 52-week low of USD 172.55. The company completed a USD 410 million acquisition of FIS Water on September 15, adding a water-management business to its cooling platform, as GlobeNewswire reported.

USD 410 million expands cooling

FIS Water is expected to generate USD 105 million in revenue during 2026, according to the September 15 release. Its products manage water quality, solids and flow in cooling systems, giving SPX Technologies an adjacent offering within its HVAC business.

The deal is material relative to SPX Technologies' USD 8,691,256,050 market capitalization as of September 23, 2026, but the expected 2026 revenue contribution is also measurable against the acquisition price. That relationship makes integration and cash generation more important than the transaction headline alone.

Q2 revenue beats consensus

SPX Technologies reported USD 679 million of second-quarter 2026 revenue, a 22.9 percent increase from the year-earlier quarter. Adjusted EPS was USD 2.02, beating the USD 1.85 consensus estimate by USD 0.17, according to MarketBeat.

Management set fiscal 2026 adjusted EPS guidance at USD 8.20 to USD 8.60. The second-quarter comparison shows why the acquisition is being judged alongside execution: revenue growth and an earnings beat provide operating support, while the share price remains close to its yearly floor.

Stock stays near yearly low

At USD 173.60 on September 23, 2026, SPX Technologies was USD 1.05 above its 52-week low and USD 77.48 below its 52-week high of USD 251.08. The daily change was minus 0.60 percent, leaving the market to weigh the FIS Water expansion against the stock's recent distance from its annual peak.