Powell Industries, Inc. is a Delaware corporation founded in 1947, specializing in developing, designing, manufacturing, and servicing custom-engineered equipment and systems. The company distributes, controls, and monitors the flow of electrical energy, providing protection to motors, transformers, and other electrically powered equipment. Powell sells a broad range of products and services, including integrated power control room substations, custom-engineered modules, and electrical houses.
- Custom-Engineered Products and Systems - Develops and manufactures custom-engineered equipment and systems under long-term fixed-price contracts, contributing significantly to overall revenue.
- Integrated Power Control Room Substations (PCRs®) - Designs and manufactures substations that integrate power control rooms for efficient energy management.
- Custom-Engineered Modules - Provides tailored modules engineered to meet specific customer requirements.
- Electrical Houses (E-Houses) - Constructs prefabricated electrical houses for housing electrical equipment.
- Traditional and Arc-Resistant Distribution Switchgear and Control Gear - Offers switchgear and control gear designed for safety and reliability in electrical distribution.
- Medium-Voltage Circuit Breakers - Supplies circuit breakers for medium-voltage applications.
- Monitoring and Control Communications Systems - Develops systems for monitoring and controlling electrical communications.
- Motor Control Centers - Manufactures centers for controlling motor operations.
- Switches and Bus Duct Systems - Provides switches and bus duct systems for electrical distribution.
- Spare Parts and Replacement Circuit Breakers - Offers spare parts and replacement circuit breakers for obsolete switchgear.
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Based on the discussion about LNG awards and the impact of policy shifts, how do you foresee changing global trade policies and tariffs influencing future LNG project economics and award timing?
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With project closeout contributions adding 270 basis points to margins, why isn’t management pursuing more aggressive pricing strategies, and what risks are preventing this approach?
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Considering that some projects might be pushed to the right in terms of FID due to tariffs and material cost uncertainties, can you detail which specific factors are causing these delays and how you plan to mitigate associated risks?
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In light of your capacity expansion plans, what are the detailed assumptions behind the expected $20–$40 million in incremental revenue next year, and what operational challenges could affect achieving these targets?
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Given your strong cash position and discussions on capital deployment, how are you balancing priorities between buybacks, M&A opportunities, and reinvestment in capacity expansion without compromising long-term growth?
Research analysts who have asked questions during POWELL INDUSTRIES earnings calls.
John Franzreb
Sidoti & Company
5 questions for POWL
Jon Braatz
KCCA
3 questions for POWL
Chip Moore
EF Hutton
2 questions for POWL
Jonathan Braatz
Oppenheimer & Co. Inc.
2 questions for POWL
Alfred 'Chip' Moore
ROTH Capital
1 question for POWL
Alfred Moore
C.L. King & Associates
1 question for POWL
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This competitor is one of the multinational companies that Powell competes with, offering a broad industrial and geographic market presence. It is noted for its substantial global resources, including engineering, manufacturing, and marketing capabilities. | |
This competitor is identified as a multinational company with significant global resources, competing with Powell in the industrial and geographic markets. It is highlighted for its engineering, manufacturing, and marketing strengths. | |
Schneider | This competitor is described as a multinational company with extensive global resources, including engineering, manufacturing, and marketing capabilities, competing in the same industrial and geographic markets as Powell. |
Siemens Industries, Inc. | This competitor is mentioned as a multinational company with significant global resources, competing with Powell in industrial and geographic markets. It is noted for its engineering, manufacturing, and marketing capabilities. |
Recent press releases and 8-K filings for POWL.
- Powell Industries (POWL) is an electrical distribution company that achieved a high watermark of revenues of just over a billion dollars last year.
- The company maintains a strong financial position, closing the last fiscal quarter with $433 million in cash and zero debt.
- Key growth areas include the recently acquired UK-based REM Stack automation business for approximately $16 million , and a focus on expanding its services franchise and product portfolio.
- Powell's backlog surpassed $1 billion in 2023 and saw continued strong order cadence, with $880 million of orders booked through the first nine months of the year as of Q3 2025.
- The company's market segments are diversifying, with the utility sector now representing almost a third of the backlog and data centers contributing significantly to the commercial and other industrial sector.
- Powell Industries, Inc. announced a $12.4 million investment to expand production capacity at its Jacintoport manufacturing facility in Houston.
- This investment will add an incremental 335,000 square feet of productive capacity for Power Control Room laydown area, representing a 62% increase from the current yard capacity, and will double the length of the existing shoreline bulkhead to 1,150 feet.
- The expansion is a critical step to support an expected strong and durable cycle of Oil & Gas order activity driven by LNG project development and execution work over the next three to five years.
- Construction is expected to begin during the first quarter of Fiscal 2026 and is anticipated to be completed in late Fiscal 2026.
- Powell Industries reported a record quarterly EPS of $3.96 per diluted share and net income of $48 million in Q3 2025, with gross profit increasing by $6 million to $88 million, resulting in a gross margin of 30.7%.
- The company secured $362 million in new orders, leading to a 1.3 times book-to-bill ratio and a sequential backlog growth of 7% to $1.4 billion. This includes a $60 million order for a new power generation facility, which is the largest electric utility project in Powell's history.
- Powell Industries announced the acquisition of REMSAK Limited, a UK-based manufacturer of SCADA remote terminal units, to strengthen its electrical automation platform and enhance its offerings in the utility market.
- Revenue for Q3 2025 was $286 million, largely unchanged from the prior year, with strong growth in the electric utility, commercial, and traction markets offsetting lower revenue from oil and gas and petrochemical markets. The company maintains a strong cash position with $433 million in cash and short-term investments and no debt as of June 30, 2025.
- Powell Industries reported Q3 fiscal 2025 revenues of $286 million, net income of $48 million, and diluted earnings per share of $3.96 for the quarter ended June 30, 2025.
- The company's new orders totaled $362 million, contributing to a backlog of $1.4 billion as of June 30, 2025, representing a 7% increase compared to the second fiscal quarter.
- Powell Industries declared a quarterly cash dividend of $0.2675 per share, which is payable on September 17, 2025, to shareholders of record as of August 20, 2025.
- As of June 30, 2025, the company held $433 million in cash and short-term investments.
- Subsequent to the quarter end, Powell announced a definitive agreement to acquire Remsdaq Ltd., a U.K.-based manufacturer of SCADA Remote Terminal Units.
- Powell Industries, Inc. has entered into a definitive agreement to acquire Remsdaq Ltd., a U.K.-based manufacturer of Remote Terminal Units (RTUs) for electrical substation control and automation.
- The total consideration for the transaction is £12.2 million British Pounds Sterling, or approximately $16.3 million U.S. Dollars, and will be funded with cash on hand.
- The acquisition is expected to expand Powell’s automation platform capabilities and enhance its ability to provide sophisticated solutions for utility operational efficiency, system reliability, and security.
- Management anticipates the transaction to close during the fourth quarter of fiscal 2025.
- Powell manufactures engineered-to-order medium/large electrical control solutions across seven ANSI/IEC facilities, with ~50% of backlog in oil & gas, 29% in utilities and a 15% commercial/industrial/data-center segment.
- In H1 FY2025, revenue was $520 M (+16% yoy), with gross margin 27.5%, EBITDA ~19%, backlog of $1.3 B and book-to-bill of 1.1.
- Liquidity remains strong with $389 M in cash, zero debt and ~50% of cash earmarked for working-capital needs, funded by customer advance payments.
- Strategic priorities include R&D (1% of revenue; three new products launched), expansion of services and development of electrical automation for the evolving grid.
- Q2 Fiscal 2025 results: The company reported revenue of $278.6M, gross profit of $83.4M (29.9% margin), and net income of $46.3M ($3.81 diluted per share), with new orders of $249M and a stable backlog of $1.3B.
- The Board declared a quarterly cash dividend of $0.2675 per share, payable on June 18, 2025 to shareholders of record on May 21, 2025.