Powell Industries Announces First Quarter Fiscal 2026 Results

About this update from Powell Industries, Inc.

[{"type":"image","alt":"Powell Industries, Inc.","displaySize":"","headline":null,"caption":"Powell Industries, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":91,"url":"https://media.zenfs.com/en/globenewswire.com/e3353832506cd31cc4cdd6d04a320215"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tt_OOhF.YDmH2wji51R6bw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/e3353832506cd31cc4cdd6d04a320215","width":300,"height":91}},"lazy":false},{"type":"text","content":"HOUSTON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the first quarter Fiscal 2026 ended December 31, 2025. All comparisons are to the first quarter Fiscal 2025, unless otherwise noted.","length":360,"tagName":"p"},{"type":"text","content":"First Quarter Key Highlights: ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues of $251 million increased 4%;","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $71 million, or 28.4% of revenue, increased 20%;","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $41 million, or $3.40 per diluted share, increased 19%;","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"New orders(1) totaled $439 million, an increase of 63%;","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog(2) as of December 31, 2025 totaled $1.6 billion, an increase of 16%;","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and short-term investments as of December 31, 2025 totaled $501 million.","length":77,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":379,"olType":false},{"type":"text","content":"Brett A. Cope, Powell’s Chairman and Chief Executive Officer, stated, “Ongoing levels of solid project execution drove a strong start to our fiscal year, as we delivered a gross margin of 28.4% despite the typical seasonality and lower volumes that define our first quarter. We also experienced high levels of order activity across most of the markets we serve, as the $439 million of awards booked was the highest quarterly total in over two years and led to a book-to-...

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