Powell Industries' Strong Q1: LNG, Data Centers Boost Revenue

Powell Industries kicked off fiscal twenty twenty-six with impressive first quarter results, posting a four percent revenue increase and a record-breaking backlog of one point six billion dollars. The surge in demand was driven by significant wins in LNG, data centers, and electric utilities, with commercial and industrial sectors reaching all-time highs in backlog. Gross profit jumped twenty percent, margins improved by three hundred eighty basis points, and net income rose nineteen percent. Powell is expanding capacity, hedging costs, and preparing for efficiency gains in data center builds, positioning themselves for robust growth in AI-driven power needs and energy exports. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/921aa6a790483c76