What guidance did Powell Industries's management provide for the next earnings period?

What is the market's earnings forecast for Powell Industries next quarter?

Did Powell Industries beat or miss consensus estimates last quarter?

What were the key takeaways from Powell Industries's earnings call?

What is the revenue and EPS growth rate for Powell Industries year over year?

What is Powell Industries's latest dividend and current dividend yield?

What factors drove the changes in Powell Industries's revenue and profit?

What is Powell Industries's gross profit margin?

- **Revenue & Profit Growth**: 4% revenue increase to $251M, 19% EPS growth to $3.40, and 20% gross profit expansion.
- **Backlog Strength**: $1.6B record backlog (14% QoQ growth), with 22% from high-growth commercial/industrial segment.
- **Strategic Wins**: $100M+ LNG and $75M data center projects, 63% YoY new orders growth.
- **Margin Resilience**: 28.4% gross margin (380bps YoY expansion), 1.7x book-to-bill ratio.
- **Capacity Expansion**: $100M+ facility under evaluation, 50,000 sq.ft. leased production space added.
- **Liquidity**: $501M cash, no debt, with $200-225M available for growth investments.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 2026 revenue rose 4% YoY to $251 million, driven by strong activity in LNG, data centers, and electric utilities. 
- **Gross Margin Expansion**: Gross profit increased 20% YoY to $71 million, with margin improving 380 bps to 28.4%, fueled by project execution efficiency.
- **Record Backlog**: $1.6 billion backlog (up 14% QoQ), with 22% from commercial/industrial (vs. 15% in Q4 2025) and 30% each from oil/gas and utilities.
- **Key Wins**: $100M+ LNG contract and $75M data center project, plus $439M new orders (63% YoY growth).
- **Capacity Expansion**: $100M+ facility under evaluation; 50,000 sq.ft. leased facility added for medium-voltage production.

**【CFO Financial Commentary】**
- **Earnings Performance**: Net income $41.4M ($3.40 EPS), up 19% YoY. Operating cash flow $43.6M, with $2M capex for capacity expansion.
- **Book-to-Bill Ratio**: 1.7x, reflecting strong demand across all segments.
- **Margins**: Gross margin 28.4% (vs. 24.6% prior year); SG&A 10% of revenue.
- **Liquidity**: $501M cash on hand, no debt, with $200-225M available for future investments.

**【Q&A Key Highlights】**
- **Gross Margin Sustainability**: 30%+ trailing 12-month margin, with 150-200bps upside from project closeouts.
- **Backlog Durability**: Management confident in $1.6B backlog's resilience, despite potential data center project timing risks.
- **Data Center Growth**: 22% of backlog from commercial/industrial, up from 15% prior year. First $75M single-site data center win.
- **Capacity Constraints**: Exploring $100M+ owned facility; 50,000 sq.ft. leased facility added. 35-40 week lead times for 15kV gear.
- **LNG Outlook**: 3-5 year pipeline of projects; 30% of backlog from oil/gas. Competitive margins maintained through project execution excellence.
- **Labor Challenges**: Engineering talent shortages in high-growth commercial/industrial segment being addressed.
- **Cash Deployment**: $200-225M available for M&A, capex, and working capital to support $1.6B backlog execution.


Powell Industries, Inc. (POWL) Q1 2026 Earnings Call Transcript

- **Revenue & Profit Growth**: FY2025 revenue up 9% to $1.1B, net income up 20% to $180.7M. Q4 EPS of $4.22 (+12% YoY).
- **Market Expansion Success**: Non-industrial markets now 48% of backlog; LNG-related revenue nearly doubled YoY.
- **Strategic Investments**: $12.4M Jacintoport expansion and $18.4M Remsdaq acquisition to support automation growth.
- **Strong Cash Flow**: $168M operating cash flow for the year, $476M cash on hand.
- **FY2026 Outlook**: 60% of $1.4B backlog expected to convert, with continued margin improvement from project execution.

**【CEO Summary Section】**
- **Record Fiscal Year 2025 Performance**: Revenue grew 8% YoY to $1.1 billion, with gross profit up 16% to $51 million. Q4 EPS of $4.22 marked a 12% YoY increase.
- **Market Diversification Success**: Non-industrial markets (Electric Utility, Commercial & Other Industrial) now account for 48% of backlog, up from 20% five years ago. LNG-related orders doubled YoY.
- **Strategic Investments**: $12.4 million expansion at Jacintoport to support LNG projects; $18.4 million acquisition of Remsdaq to enhance automation capabilities.
- **Backlog Strength**: $1.4 billion backlog at year-end, with 60% expected to convert in FY2026. Book-to-bill ratio of 1.0x for the year.

**【CFO Financial Commentary】**
- **Q4 Financial Highlights**: Revenue $298 million (+8% YoY), net income $51.4 million (+12% YoY), gross margin 31.4% (up 215bps YoY). Operating cash flow $61 million.
- **Full Year Results**: Revenue $1.1 billion (+9% YoY), net income $180.7 million (+20% YoY), gross margin 29.4% (up 240bps YoY).
- **Liquidity**: $476 million cash on hand, 0 debt, supporting $13 million in capital expenditures.
- **SG&A Management**: Q4 SG&A $27 million (9.1% of revenue), driven by variable compensation and M&A costs. Full year SG&A 8.6% of revenue.

**【Q&A Highlights】**
- **Data Center Growth**: C&I segment revenue driven by data centers, now 10% of backlog vs. 5% prior year. DC switchgear and rectifier R&D progressing.
- **LNG Market Outlook**: Despite delayed FIDs, confident in long-term LNG project pipeline. Jacintoport expansion on track for H2 2026 completion.
- **Margin Drivers**: 100bps margin improvement in Q4 from project closeouts; expect similar execution in FY2026.
- **Competitive Environment**: Utility and data center markets less price-sensitive; oil & gas subsectors more volatile.
- **R&D Pipeline**: $11 million spent in FY2025, with products expected to commercialize in FY2026.


Powell Industries, Inc. (POWL) Q4 2025 Earnings Call Transcript

- **Record Q3 Earnings**: $48.2 million net income ($3.96 EPS), up 4% YoY, with gross margin improving 230 bps to 30.7%.
- **$1.4B Backlog Growth**: Sequential increase of 7%, driven by $362M in new orders across oil and gas, electric utility, and data center markets.
- **Strategic Acquisition**: Remsdaq acquisition enhances utility automation capabilities, enabling 100% in-house solutions vs. 30% previously.
- **Strong Cash Position**: $433M in cash, no debt, with $47M operating cash flow in Q3.
- **Backlog Visibility**: 65% of orders set to convert to revenue within 12 months, with projects extending into FY27.


**【CEO Summary Section】**
- **Strong Q3 Performance**: Revenue remained flat year-over-year at $286 million, but gross profit grew 8% to $88 million, driven by a 230 basis point improvement in gross margin to 30.7%. New orders reached $362 million, up 2% YoY, with a book-to-bill ratio of 1.3x and sequential backlog growth of 7% to $1.4 billion.
- **Key Wins**: Secured two large oil and gas projects totaling $80 million, a $60 million electric utility project (largest in company history), and a $30 million traction order. The electric utility market now accounts for 32% of total backlog.
- **Strategic Acquisitions**: Announced acquisition of Remsdaq Limited, a U.K.-based SCADA automation provider, to enhance electrical automation capabilities and expand into North America. This adds 100% in-house solution capability for utility customers, up from 30% previously.
- **Market Outlook**: Positive momentum across oil and gas (due to LNG pipeline activity), electric utility (electrification trends), and data center markets. Backlog visibility extends into FY27 with 65% of orders set to convert to revenue within 12 months.

**【CFO Financial Commentary】**
- **Revenue and Profitability**: GAAP net income of $48.2 million ($3.96 EPS) vs. $46.2 million ($3.79 EPS) YoY. Gross margin improvement driven by project closeouts (120 bps) and operational efficiency. SG&A rose 12% YoY to $25 million due to variable compensation and acquisition costs.
- **Cash Flow and Liquidity**: Generated $47 million in operating cash flow, with $433 million in cash and no debt. Capital expenditures of $5.1 million focused on facility expansions and equipment upgrades.
- **Margin Guidance**: Excluding one-time items, FY25 gross margin expected to approximate 28.6% (year-to-date rate), with potential for further improvement in FY26 based on backlog composition.

**【Q&A Highlights】**
- **Pipeline Visibility**: 65% of $1.4 billion backlog set to convert to revenue within 12 months, with projects extending into FY27. Utility market growth driven by electrification and data center demand.
- **Gross Margin Dynamics**: 100 bps of YoY margin improvement from organic growth (volume leverage, pricing), 150 bps from project closeouts. Short-cycle business bookings up 67% YoY to $50 million/quarter.
- **Remsdaq Synergies**: Immediate contribution to utility automation solutions, with next-gen SCADA technology poised to expand into North America. Acquisition-related costs minimal and offset by long-term margin accretion.
- **Capacity Expansion**: Exploring offshore manufacturing options for large substations and expanding product factory capacity to support new offerings like low-voltage switchgear for data centers.
- **Pricing Environment**: Stable pricing in project business, with short-cycle products offering higher margin accretion. No immediate plans for broad-based price increases.


Powell Industries, Inc. (POWL) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 9% YoY to $279M, driven by 48% utility and 16% C&I sector gains.
- **Margin Expansion**: 29.9% gross margin (275 bps from closeouts), targeting 26-27% ex-closeouts.
- **New Products**: Data center switchgear, substation solutions, and grounding switches launched Q2.
- **Backlog Strength**: $1.3B with visibility to 2027, +$42M YoY.
- **Cash Position**: $389M; investing in R&D, M&A, and 2026 capacity expansion ($20-40M+).

**【CEO Summary Section】**
- Q2 2025 revenue reached $279 million, up 9% YoY, driven by 48% growth in electric utility and 16% in commercial/industrial sectors.
- Gross profit margin improved to 29.9%, benefiting from project closeouts and operational efficiency.
- New orders of $249 million (+6% YoY) included large projects in LNG and potash mining, each ~$50 million.
- Launched new products: grounding switch, power control aisle substation, and low-voltage switchgear for data centers.
- Completed $4.1 million expansion of Houston electrical products facility, set to start production Q3 2025.
- Backlog remains strong at $1.3 billion, with visibility into 2027.

**【CFO Financial Commentary】**
- GAAP net income: $46.3 million ($3.81 EPS), up 38% YoY.
- International revenue +33% YoY, driven by Canada and Middle East/Africa.
- Gross margin boost: 275 bps from project closeouts, 125 bps YTD.
- SG&A expenses $22 million (+$1M YoY), 7.8% of revenue (down 40 bps).
- Operating cash flow $22 million, free cash flow $18 million.
- Cash position $389 million, no debt.
- FY25H2 margin outlook: ~26-27% excluding closeouts.

**【Q&A Key Highlights】**
- **LNG Projects**: CEO confident in strong pipeline despite tariffs; 2025H2 FID activity robust.
- **Gross Margin Sustainability**: CFO expects 26-27% ex-closeouts, with project execution excellence.
- **Capacity Expansion**: $20-40M incremental revenue in 2026 from new products; offshore yard expansion under consideration.
- **Data Center Growth**: Commercial/industrial sector now 15% of revenue (vs. 6% in 2023), driven by gear sales to hyperscalers.
- **Cash Deployment**: Prioritize product R&D, M&A, and organic growth over buybacks.
- **Tariffs Impact**: Minimal direct impact; passing through costs to projects as needed.


Powell Industries (POWL)-7 May 25-2025 Q2 Earnings call transcript

- **Revenue Surge**: 24% YoY growth to $241M, fueled by 36% new order increase and LNG project win.
- **Market Dominance**: Utility sector (1/3 of backlog) and data center (80% QoQ growth) lead expansion.
- **Profitability**: 44% net income rise to $35M, backed by $373M cash and no debt.
- **Growth Drivers**: $2.5M R&D investment, 9-acre factory expansion, and data center product diversification.
- **Strategic Moves**: Tariff mitigation, dividend hike, and $50-75M M&A pipeline for automation/additional capacity.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 FY2025 revenue rose 24% YoY to $241 million, driven by 36% new order growth ($269 million) and strong demand across all sectors.
- **Market Performance**: Oil & gas (+14%), electric utility (+26%), and commercial/industrial (+80%) sectors all expanded. A $75 million LNG project award highlighted utility market strength.
- **Gross Margin**: 24.7% of revenue, stable YoY but down sequentially due to seasonal challenges.
- **Backlog**: $1.3 billion, up $48 million YoY, with visibility into FY2027 projects.
- **Capacity Expansion**: 9-acre Houston facility expansion and breaker factory upgrade on track to add capacity in FY2025. R&D investment increased 26% to $2.5 million.
- **Strategic Focus**: Penetrating data center market (80% QoQ growth) and expanding utility market share through relationship-building.

**【CFO Financial Commentary】**
- **Profitability**: Net income of $35 million ($2.86 EPS), up 44% YoY. Operating cash flow of $37 million supported $2.2 million in CapEx for factory expansions.
- **Balance Sheet**: $373 million in cash, no debt. Dividend increased 33% to $0.01 annualized, reflecting confidence in liquidity.
- **Margins**: Sequential gross margin decline (460bps) due to seasonal factors, but trailing 12-month margins stable at 24.7%.
- **Segment Growth**: Domestic revenue +24%, international +28% (led by Canada). Petrochemical sector +17% YoY.

**【Q&A Highlights】**
- **LNG Project**: $75 million award fully permitted; sector optimism driven by DOE policy shifts and U.S. export competitiveness.
- **Data Center Expansion**: Cable bus growth supplemented by new product qualification; targeting 80% QoQ growth in commercial/industrial sector.
- **Capacity Risks**: Soil testing underway for 9-acre site; 30 acres of expansion potential across Houston facilities.
- **Tariffs & Pricing**: No direct exposure to Chinese imports; pass-through pricing mitigates cost headwinds.
- **M&A Strategy**: Seeking $50-75 million automation or product line acquisitions to complement organic growth.


Powell Industries (POWL)-7 Feb 25-2025 Q1 Earnings call transcript

Powell Industries (POWL)-20 Nov 24-2024 Q4 Earnings call transcript

Powell Industries (POWL)-31 Jul 24-2024 Q3 Earnings call transcript

Powell Industries (POWL)-1 May 24-2024 Q2 Earnings call transcript

Powell Industries (POWL)-31 Jan 24-2024 Q1 Earnings call transcript

- **Revenue Surge**: Q4 revenue up 28% YoY to $209 million, full-year $699 million (31% growth), driven by LNG, petrochemical, and utility sectors.
- **Backlog Soars**: $1.3 billion backlog (117% YoY), with orders doubling to $1.4 billion in FY2023.
- **Profitability Boost**: Q4 gross margin 24.9% (up 430 bps YoY), net income $26.4 million ($2.17 EPS) vs. $8.7 million ($0.73 EPS) YoY.
- **Strategic Growth**: Investing in AI, R&D, and facility expansion to capitalize on LNG, hydrogen, and renewable energy opportunities.
- **FY2024 Outlook**: Targeting similar margins to FY2023 (21.1%), with Q1 expected 10% sequential decline vs. historical 15%.
- **LNG & Renewables Dominance**: Active in LNG expansions and greenfield projects, with hydrogen and renewable energy growth outpacing oil and gas.
- **Liquidity Strength**: $279 million cash at FY2023 end, no long-term debt, and $150 million credit facility for letters of credit.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 revenue increased 28% YoY to $209 million, driven by oil and gas, petrochemical, and utility sectors. Full-year revenue rose 31% to $699 million.
- **Backlog Strength**: Ended Q4 with $1.3 billion backlog, up 117% YoY, reflecting strong order intake across LNG, hydrogen, and data center projects.
- **Gross Margin Expansion**: Q4 gross margin improved 430 bps to 24.9%, benefiting from volume leverage, project execution, and cost management.
- **Strategic Initiatives**: Investing in AI, R&D, and facility expansion (e.g., Houston plant) to support growth in LNG, hydrogen, and renewable energy markets.
- **Market Outlook**: Positive on LNG, gas-to-chemical, and hydrogen sectors, with data centers reducing cyclicality.

**【CFO Financial Commentary】**
- **Profitability**: Q4 net income of $26.4 million ($2.17 EPS) vs. $8.7 million ($0.73 EPS) YoY. Full-year net income jumped 300% to $54.5 million ($4.50 EPS).
- **Cash Flow**: Generated $77 million in Q4 operating cash flow, up from $4 million in FY2022. FY2023 ended with $279 million in cash, up 163% YoY.
- **Margins**: FY2023 gross margin 21.1%, targeting similar levels in FY2024 despite Q1 seasonality (10% sequential decline vs. historical 15%).
- **Liquidity**: Maintains $150 million credit facility for letters of credit, with no long-term debt.

**【Q&A Highlights】**
- **Booking Trends**: Q4 net orders $171 million, down 33% YoY due to large LNG project in FY2022. FY2023 total orders doubled to $1.4 billion.
- **Gross Margin Targets**: FY2024 gross margin expected to remain in low 20s (21.1% FY2023), with Q1 margin impact from project timing.
- **LNG & Renewables**: Active in LNG expansions and greenfield projects, with hydrogen and renewable energy (biodiesel, carbon capture) growing faster than oil and gas.
- **Tax Rate**: FY2024 effective tax rate expected at 24%.
- **CapEx**: FY2023 spending $7.8 million (largely Houston expansion); FY2024 may include additional capacity investments.


POWL

POWL fundamentals

Earnings Call

You can ask Aime