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Dec 31, 2024
Powell Industries Q1 2025 Earnings Report
Powell Industries reported its first quarter fiscal 2025 results, highlighting strong revenue growth and increased net income.
Key Takeaways
Powell Industries announced a strong start to Fiscal 2025 with revenues totaling $241.4 million, a 24% increase year-over-year, and net income rising by 44% to $34.8 million. The company also reported robust new orders of $269 million, contributing to a stable backlog of $1.3 billion.
Revenues increased by 24% to $241.4 million compared to the prior year.
Net income grew by 44% to $34.8 million, resulting in diluted EPS of $2.86.
New orders totaled $269 million, a 36% increase, driven by strong activity in Oil & Gas and Electric Utility sectors.
Backlog remained stable at $1.3 billion as of December 31, 2024.
Powell Industries
Powell Industries
Powell Industries Revenue by Segment
Revenue by Segment
Oil & Gas Revenue
CapyFin.comElectric Utility Revenue
CapyFin.comCommercial & Other Industrial Revenue
CapyFin.com Forward Guidance
Powell Industries is encouraged by sustained commercial momentum and expects to deliver robust revenue and earnings throughout the rest of Fiscal 2025, supported by manufacturing capacity upgrades and diversification efforts.
Positive Outlook
- Planned manufacturing capacity upgrades on track for mid-fiscal 2025 completion, facilitating organic growth.
- Diversification efforts continue to present new opportunities and awards in markets like data centers, utilities, carbon capture, and hydrogen.
- Backlog is more diverse across market sectors than ever before, with rapidly expanding applications for custom-engineered products.
- Sustained commercial momentum across end markets through the first fiscal quarter.
- Ongoing focus on optimizing margin levers and the strength of the balance sheet.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income