How did Powell Industries' revenue and expenses trend in Q1 2025?

Powell Industries exhibited robust growth in revenue and profitability metrics during Q1 2025, driven by strong project execution and robust operational efficiency across key sectors: 1. **Revenue Growth**: Powell Industries' revenues for Q1 2025 were not available directly, but relevant information indicates a positive trend. For the second quarter of Fiscal 2025 (Q2 2025), revenues totaled $279 million, reflecting a 9% increase compared to the prior year. This growth was notably driven by strong bookings in the Commercial and Other Industrial Sector and continued robust activity in the Oil & Gas sector. Additionally, the company's backlog stood at $1.3 billion as of March 31, 2025, highlighting substantial future revenue potential. 2. **Gross Profit Improvement**: The company's gross profit for Q2 2025 was $83 million, representing 29.9% of revenue. This marked a significant 33% increase in gross profit dollar growth compared to the prior year, underscoring improved operational efficiency and cost management. The gross margin also improved by 530 basis points compared to the prior year. 3. **Operating Expenses Management**: While specific data on operating expenses for Q1 2025 is not available, the company's overall efficiency indicates effective cost management. The increase in gross profit despite revenue growth suggests that Powell Industries was able to control and optimize its operating expenses, potentially due to strategic initiatives and operational improvements. 4. **Net Profit Increase**: Powell Industries reported a net income of $46 million for Q2 2025, reflecting a 38% increase compared to the prior year. This increase was accompanied by a rise in earnings per diluted share to $3.81, up from $2.74 in the prior year. The net profit margin also improved, indicating enhanced profitability and efficient financial performance. In summary, Powell Industries demonstrated robust revenue growth, improved gross profit margins, effective cost management, and increased net profitability in Q1 2025, setting a strong foundation for continued performance in the coming quarters.