Powell Industries

Powell Industries (POWL) Q2 2025 Earnings

Reported May 6, 2025 at 4:40 PM ET · SEC Source

Q2 25 EPS

$3.81

BEAT +10.65%

Est. $3.44

Q2 25 Revenue

$278.6M

MISS 1.43%

Est. $282.7M

vs S&P Since Q2 25

+289.2%

BEATING MARKET

POWL +322.1% vs S&P +32.9%

Market Reaction

Did POWL Beat Earnings? Q2 2025 Results

Powell Industries turned in a strong fiscal second quarter, with earnings per share of $3.81 handily clearing the consensus estimate of $3.44 by 10.65%, even as revenue of $278.63 million edged just 1.43% below expectations while still growing 9.2% y… Read more Powell Industries turned in a strong fiscal second quarter, with earnings per share of $3.81 handily clearing the consensus estimate of $3.44 by 10.65%, even as revenue of $278.63 million edged just 1.43% below expectations while still growing 9.2% year-over-year. The headline driver was a striking expansion in profitability, with gross margin climbing 530 basis points to 29.9%, fueled by broad-based operating efficiencies, increased productivity, and favorable project closeouts that together lifted net income 38% to $46.33 million. New orders of $249 million, anchored by notable awards including a greenfield LNG facility on the U.S. Gulf Coast and a large Canadian mining project, kept backlog steady at approximately $1.30 billion, providing durable revenue visibility. With its Houston facility expansion nearing completion and management citing execution discipline, cost efficiencies, and a cash position of $389.29 million as structural advantages, CFO Michael Metcalf expressed confidence in delivering robust revenue and earnings through the remainder of fiscal 2025.

Key Takeaways

  • Broad-based operating efficiencies generating increased productivity
  • Favorable project closeouts boosting gross margins
  • Electric Utility sector revenue grew 48% year-over-year
  • Commercial and Other Industrial sector revenue grew 16% year-over-year
  • 530 basis point gross margin improvement versus prior year
24/7 Wall St

POWL YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

POWL Revenue by Segment

Business unit performance breakdown

“Our second quarter marked another solid quarter of project execution and robust operational efficiency. Powell delivered a 33% increase in gross profit dollar growth on revenue growth of 9%, leading to a gross margin improvement of 530 basis points compared to the prior year. Order activity in the quarter was also strong, highlighted by two large project awards which included a new greenfield LNG facility to be located along the U.S. Gulf Coast and a large mining project in Canada.”

— Brett A. Cope, Q2 2025 Earnings Press Release