Powell Industries Q3 FY26 net income rises 8% to $52.2 million; revenue climbs 9% to $312 million
Reuters2026/08/03 20:11- Powell Industries posted Q3 fiscal 2026 net income of USD 52.2 million, up 8%, with diluted EPS of USD 1.42, up 8%.
- Revenue rose 9% to USD 312 million, while gross profit climbed 8% to USD 95.3 million and gross margin slipped 0.1 percentage point to 30.6%.
- New orders more than doubled to USD 934 million, up 158%, driving a book-to-bill ratio of 3.0x and backlog up 69% to USD 2.4 billion.
- Quarter awards included three mega orders: a data center contract exceeding USD 400 million, an LNG order near USD 60 million, a petrochemical order about USD 75 million.
- Management expects gross margins to stay consistent with the trailing 12 months, with the Jacintoport yard expansion set to finish by fiscal 2026 year-end.
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