Exhibit 99.1 PRESS RELEASE For Immediate Release Contact: Michael 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 ANNOUNCES FIRST QUARTER FISCAL 2025 RESULTS HOUSTON — February 6, 2025 — 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 2025 ended Decemb ...

Core Insights - Powell Industries, Inc. reported a strong start to Fiscal 2025 with new order growth of 36% and revenue growth of 24% compared to the same quarter last year [3][4] - The company delivered earnings per diluted share of $2.86, reflecting a 44% increase year-over-year [7][9] - Powell's backlog remained stable at $1.3 billion, indicating sustained demand across various market sectors [6][9] Financial Performance - Revenues for the first quarter totaled $241.4 million, up from $194.0 million in the prior year, but down 12% from $275.1 million in the previous quarter [4] - Gross profit increased to $59.5 million, representing 24.7% of revenue, compared to $48.2 million (24.8% of revenue) in the prior year [5] - Net income rose to $34.8 million, or $2.86 per diluted share, compared to $24.1 million, or $1.98 per diluted share, in the prior year [7][9] Market Activity - New orders reached $269 million, a significant increase from $198 million in the prior year, driven by strong activity in the Oil & Gas and Electric Utility sectors [6] - Revenue from the Oil & Gas sector increased by 14% to $95.7 million, while Electric Utility revenue grew by 26% to $51.2 million, and Commercial & Other Industrial revenue surged by 80% to $44.3 million [4] Strategic Outlook - The company is on track with planned manufacturing capacity upgrades, expected to be completed in mid-Fiscal 2025, which will support organic growth and new product commercialization [8] - Powell's diversification efforts are yielding new opportunities across various markets, including data centers, utilities, carbon capture, and hydrogen [8] - The CFO expressed optimism about maintaining quality and quantity in the backlog, positioning the company for robust revenue and earnings growth throughout Fiscal 2025 [10]

Company Overview - Powell Industries, Inc. is a leading supplier of custom engineered solutions for the management, control, and distribution of electrical energy [2] - The company designs, manufactures, and services custom-engineered equipment and systems for various markets, including utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways [2] Financial Announcement - The Board of Directors of Powell Industries has declared a quarterly cash dividend of $0.2675 per share on the company's common stock [1] - This dividend is payable on March 19, 2025, to shareholders of record at the close of business on February 19, 2025 [1]

Core Viewpoint - Powell Industries, Inc. is set to release its first-quarter fiscal 2025 results, with earnings estimates showing a decline in expectations despite projected revenue growth [1][2]. Earnings Estimates - The Zacks Consensus Estimate for fiscal first-quarter earnings is $2.83 per share, reflecting a 6.6% decline over the past 60 days but indicating a 42.9% growth from the previous year [2]. - Revenue estimates stand at $244.2 million, representing a 25.9% increase year-over-year [2]. Earnings Surprise History - Powell has a strong earnings surprise history, exceeding the Zacks Consensus Estimate in the last four quarters with an average surprise of 57.6% [3]. Market Conditions and Growth Drivers - The company's performance is bolstered by favorable conditions in the oil, gas, and petrochemical markets, alongside a growing presence in data centers and electric utilities [4][7]. - Increased demand for electrical power from data centers in the U.S. is driving product demand [8]. Backlog and Orders - Powell's backlog reached $1.3 billion at the end of the fourth quarter of fiscal 2024, supported by a healthy volume of small and medium-sized orders [9]. Facility Expansion - The expansion of the Houston product factory is expected to enhance the company's ability to meet current demand and support volume growth [10]. Cost Challenges - The company faces rising costs of sales and operating expenses, with material costs accounting for 47% of revenues in fiscal 2024 [11]. - Supply-chain constraints for engineered components are anticipated to inflate costs and delay product deliveries [11][12]. Stock Performance - Powell's shares have increased by 193.9% over the past year, outperforming both the industry and the S&P 500 [13]. - The forward 12-month price-to-earnings ratio is 17.03X, below the industry average of 24.60X, indicating potential attractiveness for investors [15]. Investment Thesis - Powell is well-positioned to capitalize on opportunities in oil, gas, and petrochemical markets, with a diversified product portfolio and strong backlog [18]. - However, near-term challenges such as escalating costs and supply-chain issues may impact margin performance [19].

Group 1 - Powell Industries (POWL) closed at $236.37, reflecting a -1.72% change from the previous day, underperforming the S&P 500's 0.53% gain [1] - Over the past month, POWL shares have appreciated by 8.5%, outperforming the Industrial Products sector's gain of 2.99% and the S&P 500's gain of 1.24% [1] - The upcoming earnings report is set for February 6, 2025, with projected EPS of $2.83, indicating a 42.93% increase year-over-year, and revenue expected at $244.17 million, up 25.85% from the prior-year quarter [2] Group 2 - Full-year Zacks Consensus Estimates predict earnings of $13.70 per share and revenue of $1.11 billion, representing year-over-year changes of +11.47% and +9.33% respectively [3] - Recent shifts in analyst projections for Powell Industries are important, as positive estimate revisions are seen as a good sign for the company's business outlook [3][4] - The Zacks Rank system, which includes estimate changes, currently ranks Powell Industries at 4 (Sell), with a stagnant consensus EPS projection over the past 30 days [5] Group 3 - Powell Industries has a Forward P/E ratio of 17.56, which is below the industry average of 22.48, indicating it is trading at a discount [6] - The company has a PEG ratio of 1.25, compared to the industry average PEG ratio of 1.81, suggesting favorable valuation metrics [7] - The Manufacturing - Electronics industry, part of the Industrial Products sector, has a Zacks Industry Rank of 182, placing it in the bottom 28% of over 250 industries [7]

Company Performance - Powell Industries (POWL) closed at $290.80, with a slight increase of +0.12% compared to the previous day, outperforming the S&P 500, which fell by 0.29% [1] - Over the past month, shares of Powell Industries have increased by 25.58%, significantly outperforming the Industrial Products sector's gain of 5.98% and the S&P 500's gain of 2.52% [1] Upcoming Earnings - The earnings report for Powell Industries is anticipated on February 6, 2025, with expected earnings of $2.83 per share, indicating a year-over-year growth of 42.93% [2] - Revenue is projected to be $244.17 million, reflecting a 25.85% increase compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $13.70 per share and revenue at $1.11 billion, representing increases of +11.47% and +9.33% respectively from the prior year [3] - Recent analyst estimate revisions suggest a positive outlook for Powell Industries, indicating optimism about the company's business trends [3] Valuation Metrics - Powell Industries is currently trading at a Forward P/E ratio of 21.21, which is lower than the industry average of 22.73 [6] - The company has a PEG ratio of 1.51, compared to the Manufacturing - Electronics industry's average PEG ratio of 1.94, suggesting a favorable valuation relative to expected earnings growth [6] Industry Context - The Manufacturing - Electronics industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 141, placing it in the bottom 44% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [7]

HOUSTON, Jan. 23, 2025 (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 that it will release results for the fiscal first quarter ended December 31, 2024 on Thursday, February 6, 2025 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the C ...

Powell Industries, Inc.  (POWL) shares have surged 89.9% in the past six months, outpacing the Industrial Products sector and the S&P 500, which have returned 5.5% and 8.2%, respectively. The company has also outshined the industry's decline of 1.7%, and its peers ESCO Technologies Inc. (ESE) and Schneider Electric S.E.'s (SBGSY) gains of 11.3% and 7.2%, respectively, over the same time frame.POWL Outperforms Industry, Sector & S&P 500 Image Source: Zacks Investment Research Closing at $261.34 in the last t ...

In the latest market close, Powell Industries (POWL) reached $261.34, with a +1.6% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1%. Elsewhere, the Dow gained 0.78%, while the tech-heavy Nasdaq added 1.51%.Heading into today, shares of the energy equipment company had gained 5.66% over the past month, outpacing the Industrial Products sector's loss of 2.45% and the S&P 500's loss of 2.14% in that time.Analysts and investors alike will be keeping a cl ...

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