Companies /Industrials

Powell Industries Inc

NASDAQ: POWL Electrical Equipment & Parts
$175.16
▲ $4.65 (+2.73%) today
Markets closed · 7:04pm ET

Q2 2025 Earnings

Reported May 6, 2025, 4:40pm ET · SEC source
$3.81
Beat +10.65%
EPS · est. $3.44
$278.6M
Miss −1.43%
Revenue · est. $282.7M
+1.9%
Beating market
POWL vs S&P since report
2 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0May 6May 7report 4:40pm ETearnings+0.2%−8.5%
−8%−4%0May 6May 7earnings+0.2%−8.5%
POWL −8.5%S&P 500 +0.2%
−8%−4%0May 6May 7report 4:40pm ETearnings+0.1%−8.5%
−8%−4%0May 6May 7earnings+0.1%−8.5%
POWL −8.5%NASDAQ +0.1%
−10%−5%0+5%May 5May 14report 4:40pm ETearnings+5.2%−4.1%
−10%−5%0+5%May 5May 14earnings+5.2%−4.1%
POWL −4.1%S&P 500 +5.2%
−12%−6%0+6%May 5May 14report 4:40pm ETearnings+7.7%−4.1%
−12%−6%0+6%May 5May 14earnings+7.7%−4.1%
POWL −4.1%NASDAQ +7.7%
−8.04%
Day of report
+1.76%
Next session
+5.65%
One week
+8.78%
30 days

S&P 500 over the same 30 days: +6.87%.

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% 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

“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.”

Powell Industries CEO, on the earnings call

Forward Guidance & Outlook

CFO Michael Metcalf stated that the company's primary focus remains on execution discipline and customer fulfillment, while driving cost efficiencies across the business. He noted that these initiatives, along with a healthy backlog, strong balance sheet, and proven operational excellence, have positioned Powell well to deliver robust revenue and earnings throughout the remainder of Fiscal 2025.

POWL YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$80.0M$160.0M$240.0M$255.1M$278.6MRevenue$62.7M$83.4MGross Profit$39.5M$58.9MOperating Income$33.5M$46.3MNet Income
$0$80.0M$160.0M$240.0MRevenueGross ProfitOperating IncomeNet Income

POWL Revenue by Segment

Electric Utility$70.3M+48.0%
Petrochemical$43.7M−13.0%
Commercial and Other Industrial$40.4M+16.0%

Figures from SEC filings and company reports. Not investment advice.