SPX Technologies Inc 2025年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the fiscal year ended December 31, 2025TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the transition period fromto. Commission file number:1-6948 88-3567996 Registrant’s telephone number, including area code:(980)474-3700 Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None(Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicateby check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of theAct.Yes☐No☒ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of the registrant as of June 28, 2025 was $7,649,879,906. Thedetermination of affiliate status for purposes of the foregoing calculation is not necessarily a conclusive determination for other purposes. The number of shares outstanding of the registrant’s common stock as of February 20, 2026 was 49,876,887. Documents incorporated by reference: Portions of the Registrant’s proxy statement for its Annual Meeting to be held on May 12, 2026are incorporated by reference into PartIII of this Annual Report on Form10-K. SPX TECHNOLOGIES, INC. AND SUBSIDIARIESFORM 10-K TABLE OF CONTENTS Part IItem 1 – Business Item 1A – Risk FactorsItem 1B – Unresolved Staff CommentsItem 1C – CybersecurityItem 2 – PropertiesItem 3 – Legal ProceedingsItem 4 – Mine Safety Disclosures Part II Item 5 – Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6 – [Reserved]Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 7A – Quantitative and Qualitative Disclosures About Market RiskItem 8 – Financial Statements and Supplementary DataReport of Independent Registered Public Accounting FirmConsolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 2023Consolidated Statements of Comprehensive Incomefor the Years Ended December 31, 2025, 2024 and 2023Consolidated Balance Sheets as of December 31, 2025 and 2024Consolidated Statements of Stockholders' Equity for the Years Ended December 31, 2025, 2024 and 2023Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 2023Notes to Consolidated Financial StatementsItem 9 – Changes In and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A – Controls and ProceduresItem 9B – Other InformationItem 9C –Disclosure Regarding Foreign Jurisdictions that Prevent Inspection