Quarterly ResultAug 3, 2026, 04:08 PM
Powell Q3 Revenue $312M, New Orders $934M (+158%), Backlog $2.4B
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 achieved record new orders of $934 million, a 158% increase year-over-year, and its backlog grew 69% to $2.4 billion. This growth was driven by significant mega orders in data center, petrochemical, and LNG markets, alongside robust activity across core end markets. The company also completed a 3-for-1 forward stock split during the quarter.
Key Highlights
- New orders totaled a record $934 million, an increase of 158% year-over-year.
- Backlog reached a record $2.4 billion as of June 30, 2026, up 69% year-over-year.
- Revenues increased 9% to $312 million compared to the prior year.
- Net income grew 8% to $52 million, with diluted EPS of $1.42.
- Gross profit was $95 million, or 30.6% of revenue, an 8% increase.
- Secured three mega orders, including a $400M data center project.
- Cash and short-term investments totaled $634 million as of June 30, 2026.
- Completed a 3-for-1 forward stock split on April 2, 2026.
Price Impact
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