Powell's Q3: Record Bookings, Strong Margins

Powells Q3 FY2025 results showcase a robust performance, with flat revenue at $286 million, but a 8% increase in gross profits to $88 million, boosting margins to 30.7%. Net income soared to $48 million, marking their best quarterly earnings per share ever. New orders surged to $362 million, increasing backlog by 7% to $1.4 billion. Key deals include $80 million in oil and gas power control modules, a record $60 million utility power plant deal, and a $30 million traction project. Despite a 8% dip in domestic revenue, international revenue surged by 39%. Powells acquisition of U.K.-based Remsdaq and new products like grounding switches and low-voltage switchgear for data centers are driving growth. With positive market fundamentals, clear visibility, and steady margins, Powell is poised for a strong year-end and beyond. 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/18bda85b09cf50c9