POWL
Powell Industries, Inc.332.65
+4.71+1.44%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Capacity plans target data center boom
Q&A largely reaffirmed robust demand across LNG, utilities, and data centers, but drilled into margin sustainability with trailing-12-month at 30% from upper-20s base plus 150-200bps closeout gains. Brett detailed data center shift to repetitive 'design one, build many' production, prompting leased space adds and a potential $100M owned facility for double-digit revenue upside. Remsdaq secured first U.S. orders, enabling high-voltage substation entries. Labor shortages challenge commercial engineering growth. Backlog conversion looks firm. Watch capacity ramps.
Key Stats
Market Cap
4.02BP/E (TTM)
22.37Basic EPS (TTM)
14.87Dividend Yield
0%Recent Filings
8-K
Stockholders re-elect directors
Powell Industries' stockholders re-elected directors Alaina K. Brooks and Katheryn B. Curtis at the February 18, 2026 annual meeting, with terms to 2029; Brooks garnered 8,671,860 for votes, Curtis 8,529,636. They also approved say-on-pay advisory (9,051,989 for). Board named Mark W. Smith Audit Committee chair post Cragg's term. Continuity reigns.
10-Q
Q1 FY2026 results
Powell Industries posted Q1 FY2026 revenues of $251.2M, up 4% y/y from $241.4M, with gross profit jumping 20% to $71.4M (28.4% margin vs 24.7% prior) on favorable project execution and volume leverage; operating income rose to $42.8M from $35.6M. Diluted EPS hit $3.40 on 12,163k shares, matching net income of $41.4M up 19% y/y. Cash swelled to $490.6M, with operating cash flow at $43.6M outpacing $41.6M capex (derived); no debt drawn on $150M revolver ($84.9M available). Backlog hit $1.6B. Solid margins persist.
8-K
Q1 beat with order surge
Powell Industries reported Q1 fiscal 2026 revenues of $251M, up 4% year-over-year, with gross margins expanding to 28.4% and net income hitting $41M or $3.40 per share. New orders surged 63% to $439M—including a first data center megaproject and LNG award—boosting backlog to $1.6B. Board hiked quarterly dividend to $0.27 per share. Orders doubled prior year pace.
8-K
Execs get bigger RSUs
Powell Industries boosted long-term incentives for CEO Brett A. Cope and EVP/CFO Michael W. Metcalf via Fiscal 2026 RSU awards approved January 2, 2026, lifting Cope's target to $2.2M (from 170% of $750K salary) and Metcalf's to $600K (from 75% of $424.4K). Awards mix performance (60/40 for Cope) and time-based units, tied to three-year revenue CAGR, EBITDA, and safety goals. Peer benchmarking drove the shift to fixed-dollar targets.
10-K
FY2025 results
Powell Industries posted FY2025 revenues of $1.1B, up 9% y/y, with net income hitting $180.7M or $14.86 diluted EPS on 29% gross margins—fueled by electric utility surging 50% to $279M while oil/gas dipped 3%. Q4 revenue peaked at $298M, gross profit $94M; margins expanded sequentially through quarters on volume leverage and execution. Backlog hit $1.4B, bookings $1.2B; cash swelled to $475M after $168M operating cash flow, funding Remsdaq buy and dividends—no debt drawn on $150M revolver. Q4 accelerated on utility awards. Cyclical end-markets threaten demand swings.
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