Powell Industries Announces Third Quarter Fiscal 2025 Results
Powell Industries (NASDAQ: POWL) reported strong Q3 fiscal 2025 results, with net income reaching $48.2 million ($3.96 per diluted share), up 4% year-over-year. The company achieved revenues of $286.3 million and an improved gross margin of 30.7%.
Key highlights include new orders totaling $362 million with a book-to-bill ratio of 1.3x, and backlog growth to $1.4 billion. Notable awards include a record $60 million Electric Utility contract, $80 million in offshore oil and gas modules, and a $30 million Traction Power project. The company also announced the acquisition of Remsdaq Ltd., strengthening its Electric Automation platform.
Powell Industries (NASDAQ: POWL) ha riportato risultati solidi nel terzo trimestre dell'anno fiscale 2025, con un utile netto di 48,2 milioni di dollari (3,96 dollari per azione diluita), in crescita del 4% rispetto all'anno precedente. L'azienda ha registrato ricavi per 286,3 milioni di dollari e un margine lordo migliorato al 30,7%.
Tra i punti salienti, nuovi ordini per un totale di 362 milioni di dollari con un rapporto book-to-bill di 1,3x e una crescita dell'ordine arretrato a 1,4 miliardi di dollari. Tra i contratti più significativi figurano un record di 60 milioni di dollari per un contratto con un'azienda elettrica, 80 milioni di dollari in moduli offshore per petrolio e gas e un progetto di 30 milioni di dollari per la trazione elettrica. L'azienda ha inoltre annunciato l'acquisizione di Remsdaq Ltd., rafforzando la sua piattaforma di automazione elettrica.
Powell Industries (NASDAQ: POWL) reportó sólidos resultados en el tercer trimestre del año fiscal 2025, con un ingreso neto de 48.2 millones de dólares (3.96 dólares por acción diluida), un aumento del 4% interanual. La compañía alcanzó ingresos por 286.3 millones de dólares y un margen bruto mejorado del 30.7%.
Los aspectos destacados incluyen nuevos pedidos por un total de 362 millones de dólares con una relación book-to-bill de 1.3x, y un crecimiento en la cartera de pedidos a 1.4 mil millones de dólares. Entre los contratos notables se encuentran un récord de 60 millones de dólares para un contrato con una empresa eléctrica, 80 millones de dólares en módulos offshore de petróleo y gas, y un proyecto de 30 millones de dólares en energía de tracción. La compañía también anunció la adquisición de Remsdaq Ltd., fortaleciendo su plataforma de automatización eléctrica.
Powell Industries (NASDAQ: POWL)는 2025 회계연도 3분기 강력한 실적을 발표했으며, 순이익은 4,820만 달러(희석 주당 3.96달러)로 전년 대비 4% 증가했습니다. 회사는 2억 8,630만 달러의 매출과 30.7%의 향상된 총이익률을 기록했습니다.
주요 내용으로는 총 3억 6,200만 달러의 신규 주문과 1.3배의 북투빌 비율, 그리고 14억 달러로 증가한 수주 잔고가 포함됩니다. 주목할 만한 수주로는 기록적인 6,000만 달러 규모의 전력 유틸리티 계약, 8,000만 달러 규모의 해양 석유 및 가스 모듈, 그리고 3,000만 달러 규모의 견인 전력 프로젝트가 있습니다. 또한, 회사는 전기 자동화 플랫폼 강화를 위해 Remsdaq Ltd. 인수를 발표했습니다.
Powell Industries (NASDAQ : POWL) a annoncé de solides résultats pour le troisième trimestre de l'exercice 2025, avec un bénéfice net atteignant 48,2 millions de dollars (3,96 dollars par action diluée), en hausse de 4 % par rapport à l'année précédente. La société a réalisé un chiffre d'affaires de 286,3 millions de dollars et une marge brute améliorée de 30,7 %.
Parmi les points forts, on compte de nouvelles commandes totalisant 362 millions de dollars avec un ratio book-to-bill de 1,3, ainsi qu'une augmentation du carnet de commandes à 1,4 milliard de dollars. Les contrats notables incluent un record de 60 millions de dollars pour un contrat avec une entreprise de services électriques, 80 millions de dollars en modules pétroliers et gaziers offshore, et un projet de 30 millions de dollars dans le domaine de la traction électrique. La société a également annoncé l'acquisition de Remsdaq Ltd., renforçant ainsi sa plateforme d'automatisation électrique.
Powell Industries (NASDAQ: POWL) meldete starke Ergebnisse für das dritte Quartal des Geschäftsjahres 2025 mit einem Nettogewinn von 48,2 Millionen US-Dollar (3,96 US-Dollar je verwässerter Aktie), was einem Anstieg von 4 % im Jahresvergleich entspricht. Das Unternehmen erzielte Umsätze von 286,3 Millionen US-Dollar und eine verbesserte Bruttomarge von 30,7 %.
Zu den wichtigsten Highlights zählen neue Aufträge in Höhe von 362 Millionen US-Dollar mit einem Book-to-Bill-Verhältnis von 1,3 sowie ein Auftragsbestand, der auf 1,4 Milliarden US-Dollar gewachsen ist. Bedeutende Aufträge umfassen einen Rekordvertrag über 60 Millionen US-Dollar mit einem Elektrizitätsversorger, 80 Millionen US-Dollar für Offshore-Öl- und Gasmodule und ein 30 Millionen US-Dollar schweres Traktionsstromprojekt. Das Unternehmen gab außerdem die Übernahme von Remsdaq Ltd. bekannt, was seine Plattform für elektrische Automatisierung stärkt.
- Gross margin improved to 30.7%, up 230 basis points year-over-year
- Strong order intake with $362 million in new orders and 1.3x book-to-bill ratio
- Record $60 million Electric Utility market award
- Backlog increased 7% sequentially to $1.4 billion
- Strategic acquisition of Remsdaq Ltd. to strengthen Electric Automation platform
- Solid cash position with $433 million in cash and short-term investments
- Revenue slightly decreased by 1% year-over-year to $286.3 million
- Oil & Gas revenue declined 8% year-over-year
- Petrochemical market revenue dropped 36% compared to prior year
Insights
Powell Industries delivered strong Q3 with 8% gross profit growth, 30.7% margins, and announced strategic Remsdaq acquisition enhancing electrical automation capabilities.
Powell Industries continues to demonstrate operational excellence with another impressive quarter. The company maintained stable revenue at
What's particularly encouraging is Powell's robust order momentum with
Revenue composition shows noteworthy shifts: Electric Utility and Commercial & Other Industrial segments grew
The acquisition of Remsdaq Ltd. strategically enhances Powell's Electric Automation capabilities, enabling more comprehensive solutions in the growing electrical substation control market. With
HOUSTON, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the third quarter of fiscal 2025 ended June 30, 2025. All comparisons are to the third quarter of fiscal 2024, unless otherwise noted.
Third Quarter Key Financial and Strategic Highlights:
- Revenues of
$286 million were essentially unchanged; - Gross profit of
$88 million , or30.7% of revenue, increased8% ; - Net income of
$48 million , or$3.96 per diluted share, increased4% ; - New orders(1) totaled
$362 million ; - Backlog(2) as of June 30, 2025 totaled
$1.4 billion , an increase of7% compared to the second fiscal quarter; - Cash and short-term investments as of June 30, 2025 totaled
$433 million . - Subsequent to quarter end, Powell announced a definitive agreement to acquire Remsdaq Ltd., a U.K.-based manufacturer of SCADA Remote Terminal Units for electrical substation control and automation in generation, transmission and distribution.
Brett A. Cope, Powell’s Chairman and Chief Executive Officer, stated, “I am very proud of the Powell team as we delivered another strong quarter of results. We continue to execute our project backlog at a high level, achieving a gross margin of
Third Quarter Fiscal 2025 Results
Revenues totaled
Gross profit of
New orders totaled
Backlog totaled
Net income of
Cope added, “We continue to execute against our strategic plan to support Powell’s profitable growth and long-term success. Our recently announced acquisition of Remsdaq significantly strengthens our Electric Automation platform and is an important building block in our ability to serve our markets with a Powell solution. In parallel, our latest product initiatives and development wins are generating strong commercial momentum as we continue to diversify and expand our product portfolio. These internal initiatives, combined with what we see as sustained demand drivers across our key markets, reinforce our outlook for continued strong operational and financial performance. Overall, we remain very encouraged by the strong demand across the markets we serve and are confident in our ability to deliver value for our customers and shareholders alike.”
OUTLOOK
Commenting on the Company's outlook, Michael Metcalf, Powell’s Chief Financial Officer, said, “We are very pleased with our operational and financial performance through the first nine months of fiscal 2025. As we approach the fiscal year end, we remain confident in the Company’s strategic positioning and the momentum behind our growth initiatives. Looking ahead, the strength and consistency of commercial activity across all our end markets reinforces the broadening of our business strategies and provides a solid foundation as we plan for fiscal 2026. Operationally, we are executing effectively and are well positioned to continue delivering strong financial performance through the fourth quarter of fiscal 2025, and into the next fiscal year.”
CONFERENCE CALL
Powell Industries has scheduled a conference call for Wednesday, August 6, 2025 at 11:00 a.m. Eastern time. To participate in the conference call, dial 1-833-953-2431 (domestic) or 1-412-317-5760 (international) at least 10 minutes before the call begins and ask for the Powell Industries conference call. A telephonic replay of the conference call will be available through August 13, 2025 and may be accessed by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using passcode 4260247#.
Investors, analysts and the general public will also have the opportunity to listen to the conference call over the Internet by visiting powellind.com. To listen to the live call on the web, please visit the website at least 15 minutes before the call begins to register, download and install any necessary audio software. For those who cannot listen to the live webcast, an archive will be available shortly after the call and will remain available for approximately 90 days at powellind.com.
About Powell Industries
Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Powell Industries, Inc. primarily serves the oil and gas and petrochemical markets, the electric utility market, and commercial and other industrial markets. Beyond these major markets, we also provide products and services to the light rail traction power market and other markets that include universities and government entities. We are continuously developing new channels to electrical markets through original equipment manufacturers and distribution market channels. For more information, please visit powellind.com.
Any forward-looking statements in the preceding paragraphs of this release, including those related to our outlook and acquisitions, including the Remsdaq acquisition, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials, the impact of tariffs and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
POWELL INDUSTRIES, INC. & SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||
| Three Months Ended June 30, | Nine Months Ended June 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| Revenues | $ | 286,273 | $ | 288,168 | $ | 806,335 | $ | 737,293 | |||||||||
| Cost of goods sold | 198,374 | 206,428 | 575,480 | 544,639 | |||||||||||||
| Gross profit | 87,899 | 81,740 | 230,855 | 192,654 | |||||||||||||
| Selling, general and administrative expenses | 25,116 | 22,022 | 68,359 | 63,316 | |||||||||||||
| Research and development expenses | 2,659 | 2,430 | 7,881 | 6,681 | |||||||||||||
| Operating income | 60,124 | 57,288 | 154,615 | 122,657 | |||||||||||||
| Other expenses (income): | |||||||||||||||||
| Interest income, net | (3,977 | ) | (4,508 | ) | (11,397 | ) | (12,934 | ) | |||||||||
| Income before income taxes | 64,101 | 61,796 | 166,012 | 135,591 | |||||||||||||
| Income tax provision | 15,867 | 15,573 | 36,685 | 31,795 | |||||||||||||
| Net income | $ | 48,234 | $ | 46,223 | $ | 129,327 | $ | 103,796 | |||||||||
| Earnings per share: | |||||||||||||||||
| Basic | $ | 4.00 | $ | 3.85 | $ | 10.72 | $ | 8.67 | |||||||||
| Diluted | $ | 3.96 | $ | 3.79 | $ | 10.63 | $ | 8.52 | |||||||||
| Weighted average shares: | |||||||||||||||||
| Basic | 12,071 | 11,998 | 12,059 | 11,977 | |||||||||||||
| Diluted | 12,175 | 12,205 | 12,166 | 12,180 | |||||||||||||
| SELECTED FINANCIAL DATA: | |||||||||||||||||
| Depreciation | $ | 1,742 | $ | 1,709 | $ | 5,215 | $ | 5,074 | |||||||||
| Capital Expenditures | $ | 5,117 | $ | 1,389 | $ | 11,380 | $ | 3,527 | |||||||||
| Dividends Paid | $ | 3,228 | $ | 3,176 | $ | 9,640 | $ | 9,475 | |||||||||
| POWELL INDUSTRIES, INC. & SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| June 30, 2025 | September 30, 2024 | |||||||
| (In thousands) | ||||||||
| (Unaudited) | ||||||||
| Assets: | ||||||||
| Cash, cash equivalents and short-term investments | $ | 433,040 | $ | 358,392 | ||||
| All other current assets | 447,119 | 418,089 | ||||||
| Property, plant and equipment, net | 109,376 | 103,421 | ||||||
| Long-term assets | 52,681 | 48,278 | ||||||
| Total assets | $ | 1,042,216 | $ | 928,180 | ||||
| Liabilities and equity: | ||||||||
| Current liabilities | $ | 427,345 | $ | 428,015 | ||||
| Deferred and other long-term liabilities | 19,966 | 17,092 | ||||||
| Stockholders’ equity | 594,905 | 483,073 | ||||||
| Total liabilities and stockholders’ equity | $ | 1,042,216 | $ | 928,180 | ||||
| SELECTED FINANCIAL DATA: | ||||||||
| Working capital(4) | $ | 452,814 | $ | 348,466 | ||||
| (1) | New orders (bookings) represent the estimated value of contracts added to existing backlog (unsatisfied performance obligations). |
| (2) | The amounts recorded in backlog may not be a reliable indicator of our future operating results and may not be indicative of continuing revenue performance over future fiscal quarters or years primarily due to unexpected contract adjustments, cancellations or scope reductions. |
| (3) | The book-to-bill ratio represents the ratio of new orders (bookings) received in the period divided by the revenues recognized in the period. |
| (4) | Working Capital is equal to current assets (including Cash and ST Investments) minus current liabilities. |
| Contacts: | Michael W. Metcalf, CFO Powell Industries, Inc. 713-947-4422 Robert Winters or Ryan Coleman Alpha IR Group POWL@alpha-ir.com 312-445-2870 |
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