SPX Technologies Inc. (NYSE: SPXC) shares soared 8.82% in pre-market trading on Wednesday, following the company's impressive fourth-quarter 2024 financial results and bullish outlook for 2025. The stock surge came after SPX reported a 13.7% year-over-year increase in revenue and a 28.1% rise in adjusted EBITDA for Q4 2024, driven by strong performances across both its HVAC and Detection & Measurement segments.

For the full year 2024, SPX Technologies delivered a 36% increase in adjusted EBITDA and achieved an adjusted EPS of $5.58, marking a 29% year-over-year growth. The company's solid financial performance has been driven by innovative product launches, strategic acquisitions, and robust demand across its end markets, particularly in the data center, healthcare, and institutional sectors.

Looking ahead to 2025, SPX Technologies provided an optimistic outlook, forecasting revenue in the range of $2.13 billion to $2.19 billion, representing a growth of approximately 10% at the midpoint. The company also expects adjusted EBITDA to range between $460 million and $490 million, reflecting a 13% year-over-year increase at the midpoint of its guidance.