Powell Industries, Inc. ( (POWL) ) has released its Q2 earnings. Here is a breakdown of the information Powell Industries, Inc. presented to its investors.
Powell Industries, Inc., based in Houston, Texas, specializes in developing, designing, manufacturing, and servicing custom-engineered equipment and systems for electrical energy management, primarily serving the oil and gas, petrochemical, and electric utility markets.
In its second quarter of Fiscal 2025, Powell Industries reported a 9% increase in revenues, reaching $279 million, alongside a significant 38% rise in net income to $46 million. The company also highlighted robust operational efficiency and successful project execution during this period.
Key financial metrics include a gross profit of $83 million, representing 29.9% of revenue, and new orders totaling $249 million. The backlog remained steady at $1.3 billion, while the Electric Utility sector saw a remarkable 48% revenue growth. The company’s strategic focus on expanding its manufacturing footprint and commercializing new products is evident in its ongoing facility expansion in Houston.
Looking ahead, Powell Industries is poised for continued growth, with a strong balance sheet and a focus on execution discipline and cost efficiencies. The company aims to maintain robust revenue and earnings performance throughout the remainder of Fiscal 2025.