Powell CFO says company is ‘well positioned’ to deliver ‘robust’ FY25 earnings

Commenting on the Company’s outlook, Michael Metcalf, Powell’s (POWL) Chief Financial Officer, CFO, said, “Achieving gross profit of 29.9% of revenue in the second fiscal quarter marked a sequential 520 basis point improvement from our seasonally low first quarter of Fiscal 2025. As we look forward, our primary focus remains on execution discipline and customer fulfillment, while also continuing to drive cost efficiencies across the business. These initiatives, along with our healthy backlog, strong balance sheet, and proven operational excellence, have positioned Powell well to deliver robust revenue and earnings throughout the remainder of Fiscal 2025.”