SPX Technologies Completes Acquisition of ASPEQ - Seite 2

Segment and company performance is expected to be as follows:

	Revenue	Segment Income Margin %
HVAC	$1,110-$1,130 million ($1,035-$1,055 million prior)	18.00%-19.00% (17.25%-18.25% prior)
Detection & Measurement	$570-$590 million (unchanged)	20.50%-21.50% (unchanged)
Total SPX	$1.68-$1.72 billion ($1.61-$1.65 billion prior)	18.75%-19.75% (18.50%-19.50% prior)

* Adjusted results including consolidated segment income margins are non-GAAP financial measures. Reconciliations of guidance measures to US GAAP financial measures are not predictable and accordingly are not provided in this release.

Conference Call: SPX Technologies will host a conference call at 4:30 p.m. (EDT) today, June 5^th, 2023. to discuss the closing of the ASPEQ acquisition and updated guidance. The call will be simultaneously webcast via the Company's website at www.spx.com and the slide presentation will be available in the Investor Relations section of the site.

Call Access: To access the call by phone, please go to this link https://register.vevent.com/register/BI188c148618314cfd9e20cfed4316bfc ... and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at www.spx.com.

About SPX Technologies: SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has more than 3,300 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

About ASPEQ: Headquartered in St. Louis, Missouri, ASPEQ is a leading provider of custom-configured electric heating and thermal management products to the industrial, commercial, military, marine, and transportation markets. Products are marketed under well-known brands, such as INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products. For more information, please visit www.aspeqheating.com.