Shares of SPX Technologies (SPXC) are soaring 5.72% in pre-market trading on Friday following the company's impressive first-quarter 2025 earnings report and raised full-year guidance. The industrial machinery and equipment manufacturer delivered better-than-expected results, demonstrating resilience and growth across its key business segments.

SPX Technologies reported adjusted earnings of $1.38 per share for Q1 2025, significantly beating the FactSet analyst consensus of $1.17 and showing a 10% increase from $1.25 in the same quarter last year. Revenue for the quarter rose 3.7% year-over-year to $482.6 million, slightly surpassing analysts' expectations of $482 million. The company's strong performance was driven by robust growth in its HVAC segment and improved profitability across its operations.

Investors were particularly encouraged by SPX Technologies' decision to raise its full-year 2025 guidance. The company now projects adjusted earnings per share in the range of $6.10 to $6.40, up from its previous forecast of $6.00 to $6.25. Additionally, SPX increased its revenue projection to $2.20 billion to $2.26 billion, reflecting confidence in its growth trajectory. The updated guidance suggests a 12% earnings growth at the midpoint, supported by anticipated adjusted EBITDA growth of 15%. Despite challenges such as tariff impacts and some segment-specific headwinds, SPX's diverse end-market exposure and strong replacement revenue base are expected to help mitigate economic uncertainties.