SPXC Q3 2025 Earnings Presentation

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Safe Harbor Statement Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, product introductions, and financial projections, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to safe harbor created thereby. These forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from future express or implied results. Although SPX Technologies believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are based on the company’s existing operations and complement of businesses, which are subject to change. These risks, uncertainties and other factors include the following: cyclical changes and specific industry events in the Company’s markets; changes in anticipated capital investment and maintenance expenditures by customers; changes in economic conditions in relevant global and North American markets, including as a result of the imposition, or threat of imposition, of tariffs, including the significant tariffs announced by the U.S. government in 2025, and retaliatory tariffs announced in response thereto, and other trade barriers or geopolitical conflicts; availability, limitations or cost increases of raw materials and/or commodities, including as a result of new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, that cannot be recovered in product pricing; the impact of competition on profit margins and the Company’s ability to maintain or increase market share; inadequate performance by third-party suppliers and subcontractors for outsourced products, components and services and other supply-chain risks; the uncertainty of claims resolution with respect to environmental and other contingent liabilities; the impact of climate change and any legal or regulatory actions taken in response thereto; cyber- security risks; risks with respect to the protection of intellectual property, including with respect to the Company’s digitalization initiatives; the impact of overruns, inflation and the incurrence of delays with respect to long-term fixed-price contracts; defects or errors in current or planned products; the impact of pandemics and governmental and other actions taken in response; domestic economic, political, legal, accounting and business developments adversely affecting the Company’s business, including regulatory changes; uncertainties with respect to the Company’s ability to identify acceptable acquisition targets; uncertainties surrounding timing and successful completion of any acquisition or disposition transactions, including with respect to integrating acquisitions and achieving cost savings, synergistic sales or other benefits from acquisitions; the impact of retained liabilities of disposed businesses; potential labor disputes; and extreme weather conditions and natural and other disasters. More information regarding such risks can be found in SPX Technologies’ most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as well as its other SEC filings. Statements in this presentation are only as of the time made, and SPX Technologies disclaims any responsibility to update or revise such statements except as required by law. This presentation includes non-GAAP financial measures. Reconciliations of historical non-GAAP financial measures with the most comparable measures calculated and presented in accordance with GAAP are available in the Appendix to this presentation. Reconciliations of non-GAAP guidance measures to GAAP financial measures are not practicable and accordingly are not included in the Appendix to this presentation. Non-GAAP guidance measures are calculated in a manner consistent with the non-GAAP historical financial measures included in this presentation. The Company believes these non-GAAP financial measures, when read in conjunction with the comparable GAAP financial measures, give investors a useful tool to assess and understand the Company’s overall financial performance, because they exclude items of income or expense that the Company believes are not reflective of its ongoing operating performance, allowing for a better period-to-period comparison of operations of the Company. OCTOBER 30, 2025 2 |

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1 Adjusted results are non-GAAP measures. Reconciliations of historical non-GAAP measures to GAAP financial measures are included in the Appendix to this presentation. Reconciliations of non-GAAP guidance measures to GAAP financial measures are not practicable and accordingly are not included in the Appendix to this presentation. Non-GAAP guidance measures are calculated on the same basis as respective historical measures included in this presentation. Continued Strong Execution on Value Creation Roadmap Executive Summary  Strong Q3 performance » 32% growth in Adjusted EPS1 » Revenue and segment income growth in both segments  Progress on key initiatives » Raised >$1B of additional capital through equity offering and credit facility refinancing  Not dilutive to 2025 EPS » Acquisitions performing well; attractive pipeline of opportunities » Momentum on capacity expansions and new product introductions  Raising 2025 guidance » Adjusted EBITDA1 midpoint of $505M implies 20% growth Y/Y Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 4 |

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Revenue Adjusted EBITDA / Margin1 Strong Growth and Margin Expansion Q3 2025 Results Summary  Revenue growth of 23% » Solid organic growth in both segments » Benefit of acquisitions  Adjusted EBITDA1 growth of 31% » 150 bps of margin1 expansion driven by both segments Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Third Quarter OCTOBER 30, 2025 1 Adjusted results are non-GAAP measures. Reconciliations of historical non-GAAP measures to GAAP financial measures are included in the Appendix to this presentation. ($ in millions) 5 | $484m $593m $104m $136m 21.5% 23.0% 0.18 0.2 0.22 0.24 0.26 0.28 0 100 200 300 400 500 600 700 Q3 2024 Q3 2025

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Value Creation Framework Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Excellence Digital/AI Continuous Improvement Talent Growth Strategic M&A New Product Development Commercial Excellence Strong Foundation Business System 15%+ Adj. EBITDA1 Growth Engineered Niches Leading Positions Tech-Enabled Moats Sustainable Strategic Planning & Goal Deployment 1 Adjusted results are non-GAAP measures. Reconciliations of non-GAAP future measures to GAAP financial measures are not practicable and accordingly are not included in the Appendix to this presentation. Such future measures are calculated on the same basis as the respective historical measures included in this presentation. OCTOBER 30, 2025 6 |

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Q3 2024 Q3 2025 GAAP EPS from continuing operations $1.08 $1.29 Intangible amortization $0.26 $0.38 Acquisition and integration-related $0.03 $0.12 Non-service pension & other $0.02 $0.05 Adj. EPS1 from continuing operations $1.39 $1.84 Q3 2025 Adjusted EPS1 of $1.84 Adjusted Earnings Per Share1 Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 8 | 1 Adjusted results are non-GAAP measures. Reconciliations of historical non-GAAP measures to GAAP financial measures are included in the Appendix to this presentation.

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Strong Growth in Consolidated Segment Income 1 and Margin1 Q3 2025 Results Q3 Revenue:  22.6% year-over-year increase: » 14.3% organic increase with growth in both segments » 8.2% acquisition impact » 0.1% currency impact Q3 Consolidated Segment Income / Margin1:  Both segments contributed to increase in Consolidated Segment Income1 of +$32m y/y  D&M was the primary driver of the Margin1 increase of +110 bps y/y Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Revenue Consolidated Segment Income / Margin1 OCTOBER 30, 2025 1 Consolidated segment income and margin are non-GAAP measures. Reconciliations of historical non- GAAP measures to GAAP financial measures are included in the Appendix to this presentation. ($ in millions) 9 | Third Quarter $484m $593m $114m $146m 23.5% 24.6% 0.21 0.22 0.23 0.24 0.25 0.26 0.27 0.28 0 100 200 300 400 500 600 700 Q3 2024 Q3 2025

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Revenue and Margin Growth in Both Cooling and Heating HVAC Q3 2025 Results Q3 Revenue:  15.5% year-over-year increase: » 9.0% organic increase with solid growth in both Cooling and Heating » 6.7% acquisition impact » -0.2% currency impact Q3 Segment Income / Margin:  Strong margin performance and Sigma & Omega acquisition performing well: » Segment Income: +$14m y/y » Margin: +50 bps y/y Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Revenue Segment Income / Margin OCTOBER 30, 2025 ($ in millions) 10 | Third Quarter $335m $387m $80m $94m 23.9% 24.4% 0.22 0.225 0.23 0.235 0.24 0.245 0.25 0.255 0.26 0.265 0.27 0 50 100 150 200 250 300 350 400 450 Q3 2024 Q3 2025

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Strong Revenue and Margin Performance Detection & Measurement Q3 2025 Results Q3 Revenue:  38.4% year-over-year increase: » 26.5% organic increase due primarily to higher CommTech project volumes » 11.6% acquisition impact » 0.3% currency impact Q3 Segment Income / Margin:  Operating leverage on higher volume and KTS acquisition » Segment Income: +$18m y/y » Margin: +240 bps y/y Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Revenue Segment Income / Margin OCTOBER 30, 2025 ($ in millions) 11 | Third Quarter $148m $205m $34m $52m 22.8% 25.2% 0.2 0.22 0.24 0.26 0.28 0.3 0 50 100 150 200 250 Q3 2024 Q3 2025

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2.0x 1.7x 1.0x 0.5x 0 0.5 1 1.5 2 2.5 Gross Leverage Bank Net Leverage Q2 2025 Post-Equity Offering and Credit Facility Refinancing: Available Capacity >$1.6B; No Dilution to 2025 EPS Financial Position Update Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Q2 2025 Q3 2025 Short-term debt $41 $1 Current maturities of long-term debt 28 1 Long-term debt 950 500 Total Debt $1,019 $502 Less: Cash on hand (137) (232) Net Debt $882 $270 Q3 2025 OCTOBER 30, 2025 1 1 Calculated as provided for in SPX Technologies’ credit facility agreement. 2 Includes cash related to discontinued operations of $4.1m in Q2 2025 and $2.0m in Q3 2025. 1 ($ in millions) 13 | 2

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Total SPX HVAC Detection & Measurement Revenue $2.225-$2.275b $1,500-$1,530m $725-$745m Prior range $2.225-$2.275b $1,500-$1,530m $725-$745m Segment Income Margin1 23.9%-24.4% 24.25%-24.75% 23.25%-23.75% Prior range 23.4%-24.2% 24.25%-24.75% 21.75%-23.0% Adj. EBITDA1 $495-$515m Prior range $485-$510m Adj. EBITDA Margin1 22.2%-22.7% Prior range 21.8%-22.4% Adj. EPS1 $6.65-$6.80 Prior range $6.35-$6.65 2025 Guidance1 1 Reconciliations of non-GAAP guidance measures to GAAP financial measures are not practicable and accordingly are not included in the Appendix to this presentation. Non-GAAP guidance measures are calculated on the same basis as the respective historical measures included in this presentation. Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Adjusted EPS1 Midpoint Implies 21% Growth Y/Y OCTOBER 30, 2025 14 | Raising Full-Year Guidance:

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Diverse End Markets and High Replacement Demand Cooling  Strong backlog and demand in core verticals Market Commentary Heating  Solid demand in both Electric and Hydronics Project-Oriented  Strong backlog; Frontlog activity steady Run-Rate  Steady demand supported by U.S. market Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 16 |

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Well-Positioned to Continue Value Creation Journey Executive Summary  Strong Q3 performance  Progress on value creation initiatives  Robust M&A pipeline  Significant capital available to support growth strategy  Raising full-year guidance Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 17 |

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Modeling Considerations – Full-Year 2025 Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES Metric Considerations Corporate expense $48.0-52.0m Long-term incentive comp $17.0-19.0m Restructuring costs $0-2.0m Interest cost $48.0-52.0m Other income/(expense), and Non-service pension benefit/(expense) ~$3.0m Tax rate 25.0%-26.0% Capex $35.0-50.0m Cash cost of pension + OPEB $9.0-10.0m Depreciation $32.0-34.0m Amortization $56-58m Share count 47.6-47.8m Currency effect Topline sensitivity to USD-GBP and USD-CAD rates 19 |OCTOBER 30, 2025 Metric Considerations Corporate expense $50.0-53.0m Long-term incentive comp $15.0-16.0m Restructuring costs ~$0.5m Interest cost $42.0-44.0m Other (income)/expense $1.0-3.0m Tax rate 24.00%-24.75% Capex $35.0-50.0m Cash cost of pension + OPEB $13.0-15.0m Depreciation $30.0-32.0m Amortization ~$92.0m Weighted average share count 48.4-48.6m Currency effect Topline sensitivity to USD-GBP and USD-CAD rates

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Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD Consolidated segment income 1 99.8$ 117.6$ 113.8$ 129.4$ 460.6$ 110.5$ 135.8$ 146.1$ 392.4$ Corporate expense (13.9) (12.0) (12.4) (15.3) (53.6) (14.0) (13.3) (12.4) (39.7) Acquisition and integration-related costs (2.6) (2.3) (1.4) (0.9) (7.2) (6.4) (6.9) (7.7) (21.0) Long-term incentive compensation expense (3.3) (3.7) (4.0) (4.0) (15.0) (3.7) (3.9) (4.2) (11.8) Amortization of intangible assets (14.8) (16.8) (16.6) (16.3) (64.5) (19.7) (24.6) (24.6) (68.9) Special charges, net (0.6) 0.2 (0.5) (2.7) (3.6) (0.1) - (0.1) (0.2) Other operating expense, net - (8.4) - - (8.4) - (0.5) - (0.5) Operating income 64.6 74.6 78.9 90.2 308.3 66.6 86.6 97.1 250.3 Other income (expense), net (4.0) (1.7) (1.4) (2.2) (9.3) 2.7 (2.1) (3.2) (2.6) Interest expense, net (9.5) (12.5) (11.5) (10.1) (43.6) (11.4) (14.6) (10.9) (36.9) Loss on amendment/refinancing of senior credit agreement - - - - - - - (1.5) (1.5) Income from continuing operations before income taxes 51.1 60.4 66.0 77.9 255.4 57.9 69.9 81.5 209.3 Income tax provision (1.9) (15.2) (15.1) (21.4) (53.6) (6.2) (17.4) (18.4) (42.0) Income from continuing operations 49.2 45.2 50.9 56.5 201.8 51.7 52.5 63.1 167.3 Income (loss) on disposition of discontinued operations, net of tax (0.2) (1.0) (0.7) 0.6 (1.3) (0.5) (0.3) (0.4) (1.2) Income (loss) from discontinued operations, net of tax (0.2) (1.0) (0.7) 0.6 (1.3) (0.5) (0.3) (0.4) (1.2) Net income 49.0$ 44.2$ 50.2$ 57.1$ 200.5$ 51.2$ 52.2$ 62.7$ 166.1$ 2024 2025 GAAP Reconciliation Results by Quarter 1Consolidated segment income margin for a period is calculated by dividing consolidated segment income for the period by revenue for the period. Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES ($ in millions) 20 |OCTOBER 30, 2025

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Segment Results Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES ($ in millions) 21 |OCTOBER 30, 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD Revenue $302.4 $356.5 $335.3 $370.5 $1,364.7 $323.0 $376.7 $387.4 $1,087.1 Segment income $68.4 $83.7 $80.0 $91.8 $323.9 $73.9 $95.8 $94.4 $264.1 23% 23% 24% 25% 24% 23% 25% 24% 24% Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD Revenue $162.8 $144.8 $148.4 $163.2 $619.2 $159.6 $175.7 $205.4 $540.7 Segment income $31.4 $33.9 $33.8 $37.6 $136.7 $36.6 $40.0 $51.7 $128.3 19% 23% 23% 23% 22% 23% 23% 25% 24% 2025 20252024 2024 Detection and Measurement HVAC

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Q3 2025 U.S. GAAP to Adjusted EPS Reconciliation Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 ($ in millions, except per share values) 24 | (1) Adjustment represents the removal of certain acquisition and integration-related costs of $0.4. (2) Adjustment represents the removal of (i) acquisition and integration-related costs of $0.5 and $0.1 within the HV AC and Detection and Measurement reportable segments, respectively, (ii) amortization of a deferred compensation asset of $6.5 related to the KTS acquisition within the Detection and Measurement reportable segment, and (iii) inventory step-up charges of $0.5 related to the KTS acquisition within the Detection and Measurement reportable segment and $0.1 related to the Sigma & Omega acquisition within the HV AC reportable segment. (3) Adjustment represents the removal of a charge of $0.7 from acceleration of long-term incentive compensation expense incurred as a result of immediate award vesting. (4) Adjustment represents the removal of amortization expense associated with acquired intangible assets of $14.7 and $9.9 within the HV AC and Detection & Measurement reportable segments, respectively. (5) Adjustment represents the removal of (i) non-service pension and postretirement charges of $1.4 and (ii) a gain on settlement of our interest rate swap agreements of $0.4. (6) Adjustment represents the removal of a non-cash charge to write-off previously deferred financing costs of $1.0 and certain expenses incurred in connection with an amendment to our senior credit agreement of $0.5. (7) Adjustment represents the tax impact of items (1) through (6).

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Q3 2024 U.S. GAAP to Adjusted EPS Reconciliation Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 ($ in millions, except per share values) 25 | (1) Adjustment represents the removal of certain acquisition and integration-related costs of $0.6. (2) Adjustment represents the removal of acquisition and integration-related costs of $1.4 within the HV AC reportable segment. (3) Adjustment represents the removal of amortization expense associated with acquired intangible assets of $12.3 and $4.3 within the HV AC and Detection & Measurement reportable segments, respectively. (4) Adjustment represents the removal of non-service pension and postretirement charges of $1.0. (5) Adjustment primarily represents the tax impact of items (1) through (4) above.

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U.S. GAAP to Adjusted Operating Income Reconciliation Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 ($ in millions) 26 | (1) For the three and nine months ended September 27, 2025, represents (i) certain acquisition and integration-related costs of $1.0 and $6.2, respectively, (ii) amortization of a deferred compensation asset of $6.5 and $17.4, respectively, related to the KTS acquisition, and (iii) additional inventory step-up charges of $0.5 and $1.3, respectively, related to the KTS acquisition, and $0.1 and $0.1, respectively, related to the Sigma & Omega acquisition. For the three and nine months ended September 28, 2024, represents certain acquisition and integration-related costs of $2.0 and $8.2, respectively, and for the nine months ended September 28, 2024 an inventory step-up charge related to the Ingénia acquisition of $1.8, respectively. (2) For the nine months ended September 28, 2024, represents a charge of $8.4 associated with a settlement with the seller of ULC regarding additional contingent consideration. (3) Adjustment represents the removal of a charge of $0.7 for acceleration of long-term incentive compensation expense incurred as a result of immediate award vesting.

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Q3 Adjusted EBITDA Reconciliation Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 ($ in millions) 27 | (1) Represents amortization expense associated with acquired intangible assets recorded within “Intangible amortization” and amortization of capitalized software costs recorded within “Cost of products sold.” (2) For the three months ended September 27, 2025, represents (i) certain acquisition and integration-related costs of $1.0, inclusive of acquisition and integration-related costs of $0.1 and $0.5 within the Detection and Measurement and HV AC reportable segments, respectively, (ii) amortization of a deferred compensation asset of $6.5 related to KTS within the Detection and Measurement reportable segment, and (iii) inventory step-up charges of $0.5 related to the KTS acquisition within the Detection and Measurement reportable segment and $0.1 related to the Sigma & Omega acquisition within the HV AC reportable segment. For the three months ended September 28, 2024, represents certain acquisition and integration-related costs of $2.0, inclusive of acquisition and integration-related costs of $1.4 within the HV AC reportable segment. (3) Adjustment represents the removal of a charge of $0.7 for acceleration of long-term incentive compensation expense incurred as a result of immediate award vesting. (4) Adjustment represents the removal of a non-cash charge to write-off previously deferred financing costs of $1.0 and certain expenses incurred in connection with an amendment to our senior credit agreement of $0.5.

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U.S. GAAP to Adjusted Net Income Reconciliation Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIESOCTOBER 30, 2025 29 | (1) Adjustment represents the removal of amortization expense associated with acquired intangible assets of $14.7 and $9.9 within the HV AC and Detection & Measurement reportable segments, respectively. (2) Adjustment represents the removal of (i) certain acquisition and integration-related costs of $1.0, (ii) amortization of a deferred compensation asset of $6.5 related to the KTS acquisition within the Detection and Measurement reportable segment, and (iii) inventory step-up charges of $0.5 related to the KTS acquisition within the Detection and Measurement reportable segment and $0.1 related to the Sigma & Omega acquisition within the HV AC reportable segment. (3) Adjustment represents the removal of a charge of $0.7 from acceleration of long-term incentive compensation expense incurred as a result of immediate award vesting. (4) Adjustment represents the removal of a non-cash charge to write-off previously deferred financing costs of $1.0 and certain expenses incurred in connection with an amendment to our senior credit agreement of $0.5. (5) Adjustment represents the removal of (i) non-service pension and postretirement charges of $1.4 and (ii) a gain on settlement of our interest rate swap agreements of $0.4. (6) Adjustment represents the tax impact of items (1) through (5). ($ in millions) Q3 2025 Income from continuing operations 63.1$ Exclude: Amortization of intangible assets (1) (24.6) Acquisition and integration-related costs (2) (8.1) Long-term incentive compensation expense (3) (0.7) Loss on amendment/refinancing of senior credit agreement (4) (1.5) Other expense, net (5) (1.0) Tax adjustments (6) 9.2 Adjusted net income 89.8$

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Q3 2025 Adjusted Free Cash Flow Reconciliation (1) Represents the removal of (i) certain discrete income tax benefits that are considered non-recuring of $6.3, (ii) the cash impact of acquisition and integration-related costs of $1.1 and (iii) cash received on the settlement of an interest rate swap of $0.4. (2)Adjusted free cash flow conversion is calculated as the adjusted free cash flow from continuing operations divided by the adjusted net income for the period. Q3 2025 EARNINGS PRESENTATION | COPYRIGHT © 2025 SPX TECHNOLOGIES ($ in millions) OCTOBER 30, 2025 30 | Q3 2025 Operating cash flow from continuing operations $ 106.8 Include: Capital expenditures (10.4) Free cash flow from continuing operations 96.4 Exclude: Acquisition and integration-related payments and other (1) (5.6) Adjusted free cash flow from continuing operations 90.8$ Adjusted free cash flow conversion ( 2) 101%

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