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Q3 25 EPS
$3.96
BEAT +5.04%
Est. $3.77
Q3 25 Revenue
$286.3M
MISS 5.11%
Est. $301.7M
vs S&P Since Q3 25
+275.4%
BEATING MARKET
POWL +293.5% vs S&P +18.1%
Market Reaction
Did POWL Beat Earnings? Q3 2025 Results
Powell Industries delivered a mixed but fundamentally encouraging fiscal third quarter, beating profit expectations while falling short on revenue as shifting end-market demand reshaped its top line. The Houston-based electrical equipment maker poste… Read more Powell Industries delivered a mixed but fundamentally encouraging fiscal third quarter, beating profit expectations while falling short on revenue as shifting end-market demand reshaped its top line. The Houston-based electrical equipment maker posted earnings of $3.96 per diluted share for the period ended June 30, 2025, clearing the $3.77 consensus estimate by 5.04%, even as revenue of $286.27 million missed analyst forecasts of $301.69 million by 5.11% and came in roughly flat against the prior-year quarter, down just 0.7%. The profitability beat traced directly to meaningful margin expansion, with gross margin climbing 230 basis points to 30.7% on the back of favorable project execution and closeout benefits. Beneath the revenue shortfall, the company's strategic diversification story remained intact, with Electric Utility revenues surging 31% and traction power up 61%, partially absorbing steeper declines in Oil and Gas. A record $60 million utility order win and a book-to-bill ratio of 1.3x bolstered the $1.40 billion backlog, with CFO Michael Metcalf expressing confidence in the company's positioning heading into fiscal 2026.
Key Takeaways
- • Gross margin improvement of 230 basis points year-over-year to 30.7%, driven by favorable volume leverage, strong project execution, and project closeout benefits
- • Electric Utility market revenue grew 31% year-over-year
- • Commercial & Other Industrial market revenue grew 18% year-over-year
- • Light Rail Traction Power market revenue grew 61% year-over-year
- • Book-to-bill ratio of 1.3x with new orders of $362 million
- • Sequential backlog growth of 7% to $1.4 billion
POWL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
POWL Revenue by Segment
Business unit performance breakdown
“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 30.7% in the current quarter, an improvement of 230 basis points compared to the prior year. Our strong brand of trusted execution supports another quarter of robust order activity highlighted by a book-to-bill ratio of 1.3x and sequential backlog growth of 7%. While new order activity was strong across most of our key markets, notable awards in the quarter included a $60 million award in the Electric Utility market - the largest utility order in Powell's history and a testament to our long-term focus of growth within this market. We were also awarded over $80 million combined from two separate awards for custom offshore modules for oil and gas production; and we received a $30 million order for a large Traction Power project based in the United States.”
— Brett A. Cope, Q3 2025 Earnings Press Release
POWL Earnings Trends
POWL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
POWL EPS Trend
Earnings per share: estimate vs actual
POWL Revenue Trend
Quarterly revenue: estimate vs actual
POWL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $1.34 | $1.25 | -6.90% | $296.6M | -0.84% |
| Q1 26 BEAT | $2.92 | $3.40 | +16.64% | $251.2M | -2.06% |
| Q4 25 BEAT FY | $3.76 | $4.22 | +12.23% | $298.0M | +1.75% |
| FY Full Year | $14.39 | $14.86 | +3.27% | $1.10B | +0.47% |
| Q3 25 BEAT | $3.77 | $3.96 | +5.04% | $286.3M | -5.11% |
| Q2 25 BEAT | $3.44 | $3.81 | +10.65% | $278.6M | -1.43% |