Quarterly ResultAug 3, 2026, 04:34 PM
Powell Industries Q3 Revenue $312M, New Orders Up 158% to $934M
AI Summary
Powell Industries reported strong third-quarter fiscal 2026 results, with revenues increasing 9% to $312 million and net income rising 8% to $52 million. The company saw a significant surge in new orders, totaling $934 million, a 158% increase year-over-year, leading to a 69% increase in backlog to $2.4 billion. Additionally, the Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on September 16, 2026.
Key Highlights
- Q3 Revenue: $312 million, up 9% year-over-year.
- Q3 Net Income: $52 million, up 8% year-over-year.
- Q3 Diluted EPS: $1.42, up from $1.32 year-over-year.
- New Orders: $934 million, a 158% increase year-over-year.
- Backlog: $2.4 billion as of June 30, 2026, up 69% year-over-year.
- Three mega orders awarded, including a >$400M data center order.
- Quarterly cash dividend of $0.09 per share declared.
Price Impact
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