Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.12, showcasing a 39.47% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $217.37 million, indicating a 13% upward movement from the same quarter last year. Prior to today's trading, shares of the energy equipment company had lost 15.03% ov ...

Core Viewpoint - Powell Industries (POWL) is experiencing increased attention in the market, with significant earnings growth expected in the near term, which may influence its stock performance [1][10]. Earnings Performance - For the current quarter, Powell Industries is projected to report earnings of $2.12 per share, reflecting a year-over-year increase of +39.5% [3]. - The consensus earnings estimate for the current fiscal year stands at $9.04, indicating a substantial change of +119.4% from the previous year [12]. - The company reported revenues of $255.11 million in the last quarter, marking a year-over-year increase of +48.8% [15]. Revenue Growth - The consensus sales estimate for the current quarter is $217.37 million, which represents a year-over-year change of +13% [14]. - For the current and next fiscal years, revenue estimates are $888.12 million and $923.65 million, indicating changes of +27% and +4%, respectively [14]. Valuation Metrics - Powell Industries is graded B in terms of valuation, suggesting it is trading at a discount compared to its peers [9]. - The analysis of valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), indicates the stock's relative value [8]. Market Performance - Over the past month, shares of Powell Industries have declined by -15%, contrasting with the Zacks S&P 500 composite's increase of +3.2% [11]. - The company has surpassed consensus EPS estimates three times over the last four quarters, indicating strong performance relative to expectations [16]. Analyst Sentiment - Powell Industries holds a Zacks Rank 1 (Strong Buy), suggesting it may outperform the broader market in the near term due to positive earnings estimate revisions [10][13].

Company Performance - Powell Industries' shares have gained 3.52% over the past month, outperforming the Industrial Products sector's loss of 3.86% and lagging behind the S&P 500's gain of 3.96% [1] - In the latest market close, Powell Industries reached $176.16, with a +1.74% movement compared to the previous day, outpacing the S&P 500's daily gain of 0.23% [7] - The company is expected to report an EPS of $2.12, marking a 39.47% rise compared to the same quarter of the previous year, with a projected revenue of $217.37 million, reflecting a 13% rise from the equivalent quarter last year [8] Earnings Estimates - The Zacks Consensus Estimates suggest analysts expect earnings of $9.04 per share and revenue of $888.12 million for the full year, marking changes of +119.42% and +27% respectively from last year [2] - Recent changes to analyst estimates for Powell Industries indicate positive alterations, reflecting optimism regarding the company's business and profitability [9] Valuation Metrics - Powell Industries is currently traded at a Forward P/E ratio of 19.15, which is a discount compared to the average Forward P/E of 22.57 for its industry [4] - The company's PEG ratio is currently 1.37, compared to the Manufacturing - Electronics industry's average PEG ratio of 1.91 [11] Industry Ranking - The Manufacturing - Electronics industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 16, placing it in the top 7% of over 250 industries [5] - The Zacks Rank system indicates Powell Industries carries a Zacks Rank of 1 (Strong Buy), with a history of outperforming, as 1 stocks have returned an average annual gain of +25% since 1988 [10]

For the next fiscal year, the consensus earnings estimate of $8.99 indicates a change of -0.6% from what Powell Industries is expected to report a year ago. Over the past month, the estimate has remained unchanged. Revenue Growth Forecast Powell Industries reported revenues of $255.11 million in the last reported quarter, representing a year-overyear change of +48.8%. EPS of $2.75 for the same period compares with $0.70 a year ago. No investment decision can be efficient without considering a stock's valuat ...

Core Viewpoint - Powell Industries (POWL) has recently gained significant attention, with a notable stock performance increase of +34.5% over the past month, outperforming the S&P 500 composite's +4.2% and the Zacks Manufacturing - Electronics industry's +4.9% [2] Earnings Estimates - For the current quarter, Powell Industries is projected to report earnings of $2.12 per share, reflecting a year-over-year increase of +39.5% and a +17.1% change in the Zacks Consensus Estimate over the last 30 days [5] - The consensus earnings estimate for the current fiscal year stands at $9.04, indicating a substantial change of +119.4% from the previous year, with a +19.9% adjustment in the last month [5] - For the next fiscal year, the consensus estimate is $8.99, showing a slight decrease of -0.6% from the prior year, but has increased by +17.7% recently [6] Revenue Growth - The consensus sales estimate for the current quarter is $217.37 million, which represents a year-over-year growth of +13% [10] - For the current fiscal year, the sales estimate is $888.12 million, indicating a +27% change, while the next fiscal year's estimate of $923.65 million reflects a +4% change [10] Recent Performance - In the last reported quarter, Powell Industries achieved revenues of $255.11 million, marking a year-over-year increase of +48.8%, and an EPS of $2.75 compared to $0.70 a year ago [11] - The company exceeded consensus revenue estimates by +24% and EPS estimates by +45.5% [11] - Over the last four quarters, Powell Industries has surpassed consensus EPS estimates three times and revenue estimates three times [12] Valuation - Powell Industries is graded C in terms of valuation, indicating it is trading at par with its peers [17] - The evaluation of valuation multiples such as P/E, P/S, and P/CF is essential to determine if the stock is fairly valued, overvalued, or undervalued [14] Conclusion - The Zacks Rank 1 (Strong Buy) for Powell Industries suggests a potential for outperformance in the near term, supported by positive earnings estimate revisions and strong revenue growth [7][18]

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. While the historical EPS growth rate for Powell Industries is 48.6%, investors should actually ...

Powell Industries (POWL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this energy equipment company have returned +35.5%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Manufacturing - Electronics industry, which Powell Industries falls in, has gained 5.8%. The key question now is: What could b ...

Financial Data and Key Metrics Changes - The company reported total revenue of $255 million for the second quarter, a 49% increase compared to $171 million in the same period of fiscal 2023 [51][24] - Gross profit increased by $29 million to $63 million, with gross profit as a percentage of revenue rising by 510 basis points to 24.6% [55][27] - Net income reached $33.5 million, or $2.75 per diluted share, compared to $8.5 million, or $0.70 per diluted share, in the prior year [29][56] Business Line Data and Key Metrics Changes - New orders totaled $235 million, reflecting a 54% decrease year-over-year due to the absence of mega projects in the current quarter [51][25] - Revenue from the Oil and Gas sector grew by 66%, while the Petrochemical sector nearly doubled with a 93% increase [54][26] - The Electrical Utility and Commercial and Other Industrial sectors saw revenue increases of 11% and 57%, respectively [54][48] Market Data and Key Metrics Changes - Domestic revenues improved by 62% to $217 million, while international revenues increased by 2% to $38 million, driven by project volume at the Canadian facility [53][54] - The backlog remained strong at approximately $1.3 billion, reflecting a $255 million increase year-over-year [52][29] Company Strategy and Development Direction - The company is focused on growing in tangential end markets and maintaining strength in core Industrial end markets [15][41] - Expansion initiatives include the completion of the Houston facility and ongoing expansion of the electrical products factory, expected to be completed by mid-fiscal 2025 [30][50] - The company aims to enhance its presence in the data center market by providing customized and fully integrated solutions [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about project activity and new orders, despite some macroeconomic uncertainties affecting the LNG market [15][31] - The outlook for the Utility market is positive, with expectations for increased utility projects to meet growing power generation demands [33][41] - The company remains committed to maintaining productivity and managing costs effectively [3][68] Other Important Information - The company has a strong balance sheet with $365 million in cash and short-term investments, with no debt [14][29] - Selling, general, and administrative expenses were $21 million, lower by $1 million compared to the previous year [56] Q&A Session Summary Question: What are the quarterly book-to-burn numbers? - Management indicated that the book-to-bill ratio was 0.9 times in the current quarter, with stable activity levels [52][57] Question: How is the company addressing cash usage as jobs ramp up? - The company consumed approximately $20 million of capital for working capital this quarter, anticipating cash inflows to maintain the cash balance [4][14] Question: What is the outlook for international markets? - Management noted potential resurgence in the Middle East and opportunities in Africa, indicating a positive outlook for international growth [58][59] Question: Can you elaborate on the data center market opportunities? - The company is working to penetrate the data center market more deeply, focusing on customized solutions and building relationships with key players [60][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-12488 Powell Industries, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Exhibit 99.1 were well-balanced across the markets we serve, keeping our backlog essentially unchanged at $1.3 billion. Overall, we are encouraged by both our financial performance in the first half of the year as well as the activity levels within each of the markets we serve." Second Quarter 2024 Results PRESS RELEASE For Immediate Release Contacts: Michael W. Metcalf, CFO Powell Industries, Inc. 713-947-4422 Robert Winters or Ryan Coleman Alpha IR Group POWL@alpha-ir.com 312-445-2870 POWELL INDUSTRIES AN ...