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Powell Industries (POWL)
NASDAQ:POWL
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.61Last Year’s EPS
1.98Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 11, 2018
|% Change Since: -17.59%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call for Powell Industries demonstrated robust growth and financial performance, marked by record revenue achievements and strong market performance across key sectors. Despite some sequential revenue decline and project cancellations, the company's strategic position and financial health remain strong, with positive outlooks for future growth.Company Guidance
During the Powell Industries Q4 2024 earnings call, the company reported a robust financial performance, highlighted by a 32% increase in quarterly revenue compared to the previous year, reaching $275 million, and total annual revenue hitting $1 billion for the first time. Key sectors such as Oil & Gas and Petrochemical saw substantial growth, with revenues climbing by 53% and 97%, respectively, while the Commercial & Other Industrial sector grew by 44%, and the Electric Utility sector saw an 18% increase. The company booked $267 million in new orders for the quarter, maintaining a steady backlog of $1.3 billion. Powell's gross margin improved significantly, reaching 29.2% in Q4, aided by strong project execution and some one-time items, while net income for the quarter rose by 74% year-over-year to $46 million, translating to $3.77 per diluted share. For the full year, net income nearly tripled to $150 million, or $12.29 per diluted share, compared to the previous fiscal year. Looking ahead, Powell expects continued strength across its markets, buoyed by strategic initiatives and expansion plans, including an increase in R&D spending by 52% to support new product development.Record Revenue Achievement
Powell Industries achieved $1 billion in revenue for fiscal year 2024, marking a 45% growth compared to fiscal 2023.
Strong Performance in Key Markets
Oil & Gas and Petrochemical sectors grew by 53% and 97%, respectively. Commercial & Other Industrial and Electric Utility sectors increased by 44% and 18%.
Gross Margin Improvement
Fourth quarter gross margin was 29.2%, with a full-year margin of 27%, an improvement of 590 basis points from the previous year.
New Orders and Backlog Stability
Booked over $1 billion in new orders for the second consecutive year, with a backlog of $1.3 billion, providing revenue visibility into fiscal 2027.
Increased R&D Investment
R&D spending up 52% to advance innovation initiatives and develop new technologies.
Financial Strength
Net income for the full year was $150 million, nearly tripling the previous year's figure, translating to $12.29 per diluted share. The company holds zero debt with cash and short-term investments at $358 million.
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POWL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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POWL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $312.13 | $261.82 | -16.12% |
| Jul 30, 2024 | $132.92 | $183.17 | +37.80% |
| Apr 30, 2024 | $142.41 | $169.31 | +18.89% |
| Jan 30, 2024 | $81.11 | $117.84 | +45.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Powell Industries (POWL) report earnings?
Powell Industries (POWL) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Powell Industries (POWL) earnings time?
Powell Industries (POWL) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is POWL EPS forecast?
POWL EPS forecast for the fiscal quarter 2025 (Q1) is 2.61.
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