Quarterly ResultAug 4, 2026, 12:41 PM
Powell Industries Q3 Revenue $311.7M, EPS $1.42
AI Summary
Powell Industries reported strong financial results for the third quarter and first nine months ended June 30, 2026. Third-quarter revenue increased by 8.8% to $311.7 million, with net income rising 8.1% to $52.2 million and diluted EPS growing 7.6% to $1.42. The company also completed a three-for-one forward stock split in April 2026 and saw a substantial increase in cash and cash equivalents.
Key Highlights
- Three-for-one forward stock split effected on April 2, 2026.
- Q3 2026 revenue increased 8.8% to $311.7 million from $286.3 million year-over-year.
- Q3 2026 diluted EPS rose 7.6% to $1.42 from $1.32 year-over-year.
- Net cash provided by operating activities for nine months increased 82.5% to $195.0 million.
- Cash and cash equivalents grew 40.5% to $633.6 million as of June 30, 2026.
- Backlog stood at $2.4 billion as of June 30, 2026, with $1.3 billion expected in 12 months.
- Nine-month revenue from the Electric Utility market increased to $238.4 million.
- Nine-month revenue from the Oil and Gas market increased to $316.9 million.
Price Impact
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