Powell Industries, Inc. Earnings Recaps
Q1 2026
Feb 5, 2026
Powell Industries reported a strong start to fiscal Q1 2026, marked by a 4% increase in revenue and significant growth in backlog, driven by robust demand across key sectors, particularly LNG and data centers.
Key takeaways
- Revenue grew 4% year-over-year, with gross profit expanding 20%, achieving a gross margin of 28.4%.
- New orders reached $439 million, the highest quarterly total in over two years, including a $100 million contract for a major LNG project.
- Backlog increased 14% sequentially to $1.6 billion, the highest in company history, with strong contributions from the electric utilities and commercial markets.
- Data center sector demand surged, accounting for 15% of total backlog, with the first mega project order for a single data center valued at $75 million.
- Capacity expansion initiatives are underway to support rising demand, with investments in manufacturing facilities and supply chain collaboration.
Q4 2025
Nov 20, 2025
Powell Industries concluded fiscal 2025 with strong performance, achieving record quarterly gross profits and earnings per share, driven by growth in nonindustrial markets and strategic investments.
Key takeaways
- Fourth quarter gross profit increased 16% year-over-year, reaching a record 31.4% margin.
- Revenue grew by 8%, with notable contributions from Electric Utility and Commercial sectors, now representing 48% of backlog.
- New orders for the quarter totaled $271 million, with a full-year booking of $1.2 billion, reflecting a year-over-year increase of 9%.
- The company is investing $12.4 million in capacity expansion at the Jacintoport facility to support anticipated LNG project development.
- The acquisition of Remsdaq is expected to enhance Powell's electrical automation strategy and broaden market opportunities.