Powell Industries' Diversification Efforts Gain Traction: What Lies Ahead?

Key Takeaways POWL's fiscal 2025 utility revenues rose 50%, with commercial and industrial revenues up 19% year over year.Backlog reached $1.4B, up 3% year over year, supported by $1.2B in new orders.New orders consisted of awards across all key markets, reflecting POWL's well-balanced portfolio.Powell Industries, Inc.’s (POWL) diversification efforts beyond its core oil, gas and petrochemical markets have enhanced its market share across the electric utility, light rail traction power and commercial & othe ...