earnings
confidence high
sentiment positive
materiality 0.75
Powell Industries Q3 rev $288M (+50% YoY), EPS $3.79; declares $0.265 dividend
POWELL INDUSTRIES INC
2024-Q3 EPS reported
$8.52
revenue$737,293,000
- Revenue $288M, +50% YoY; net income $46.2M ($3.79 diluted EPS) vs $18.5M ($1.52) last year.
- Gross profit $81.7M (28.4% margin) vs $42.7M (22.2%) last year; driven by volume leverage and project execution.
- New orders $356M, backlog steady at $1.3B; notable increases in Electric Utility and Petrochemical sectors.
- Oil & Gas revenue up 56% to $114.3M; Petrochemical up 158% to $56.8M; Electric Utility up 30%.
- Board declared quarterly dividend of $0.265/share, payable Sept 18 to holders of record Aug 14.