Financial Data and Key Metrics Changes - The company reported total revenue of $286 million, slightly down from $288 million in the same period last year, with net income increasing to $48 million or $3.96 per diluted share, a 4% increase year-over-year [17][23] - Gross profit increased by $6 million to $88 million, with a gross margin of 30.7%, which is 230 basis points higher than the prior year [20][6] - The book-to-bill ratio was 1.3 times, with a backlog growth of 7% to a total of $1.4 billion, reflecting strong order activity [8][18] Business Line Data and Key Metrics Changes - Revenue from the electric utility market increased by 31%, while revenues from the commercial and other industrial market and the traction market saw increases of 1861% and a notable traction order, respectively [19] - Domestic revenues decreased by 8% to $225 million, while international revenues increased by 30% to $62 million, driven by project volume growth in Canada and the Middle East [19] Market Data and Key Metrics Changes - The oil and gas and petrochemical markets saw revenue declines of 368% and 368%, respectively, due to challenging comparisons with prior year mega projects [20] - The fundamentals for the U.S. natural gas market remain strong, supporting expectations for continued order strength, particularly in LNG projects [14] Company Strategy and Development Direction - The company announced an agreement to acquire REMSAK Limited, enhancing its electrical automation platform and allowing for a 100% Powell-built solution for the utility market [11][12] - The company is focused on diversifying its product portfolio and advancing its product-centric strategy to improve the mix of product versus project-based revenues [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand across all markets and the ability to deliver value for customers and stakeholders [16] - The outlook for the electric utility market remains strong, with expectations for continued growth driven by electrification trends [28] Other Important Information - Selling, general, and administrative expenses increased by $3 million to $25 million, attributed to higher compensation and acquisition-related expenses [21][22] - The company does not hold any debt, with cash and short-term investments totaling $433 million [23] Q&A Session Summary Question: What does the opportunity pipeline look like now? - Management highlighted a strong utility market and ongoing activity in oil and gas, with significant opportunities tracked across various sectors [26][27] Question: How far does the revenue visibility extend? - The backlog is transparent, with bookings extending into late fiscal 2027, providing good visibility for revenue conversion [29][30] Question: How much did project closeouts contribute to gross margin improvement? - Approximately 115-120 basis points of the year-to-date margin improvement is attributed to project closeouts [31][32] Question: Was there anything unusual regarding the increase in SG&A expenses? - The increase was due to higher variable compensation and acquisition-related expenses, with no unusual items noted [33] Question: What is driving the momentum in the electric utility market? - The momentum is attributed to a combination of being a trusted partner and the demand driven by electrification and data centers [36][38] Question: Can you elaborate on the REMSAK acquisition? - The acquisition is expected to enhance the company's capabilities in electrical automation and provide significant growth potential in the North American market [39][40] Question: What is the outlook for pricing in the current market? - Pricing is stable but not improving significantly, with management closely monitoring market dynamics [58][60] Question: Was the $60 million electric utility award a combined cycle generating facility? - The project is a significant power generation facility, exceeding a gigawatt output, supporting commercial markets [61]

HOUSTON, Aug. 05, 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 results for the third quarter of fiscal 2025 ended June 30, 2025. All comparisons are to the third quarter of fiscal 2024, unless otherwise noted. Third Quarter Key Financial and Strategic Highlights: Revenues of $286 million were essentially unchanged;Gross profit of $88 million, or 30.7% of r ...

Financial Data and Key Metrics Changes - Adjusted earnings per share increased by 8% compared to Q2 2024, reaching $2.95 [6][18] - Organic sales growth for the quarter was 8%, with record quarterly revenue of $7 billion and segment margins expanded by 20 basis points to 23.9% [6][18] - Book to bill ratio for combined segments increased to 1.1, indicating strong demand [8][20] Business Line Data and Key Metrics Changes - **Electrical Americas**: Achieved organic sales growth of 12%, primarily driven by data center strength, which was up about 50% [18][19] - **Electrical Global**: Total growth of 9%, with organic growth of 7% and a 2-point FX tailwind [22] - **Aerospace**: Organic sales growth of 11%, with a strong backlog increase of 16% year over year [25] - **Vehicle Segment**: Experienced a decline of 8% on both total and organic basis, primarily due to weaknesses in the North America truck market [26] Market Data and Key Metrics Changes - Demand in the aerospace business remains strong, with a 10% increase in orders on a rolling twelve-month basis [25] - APAC region posted double-digit organic growth, while EMEA showed mid-single-digit recovery [22] - Major project negotiations pipeline increased by 31% year over year, indicating robust market activity [21] Company Strategy and Development Direction - The company is focusing on three strategic pillars: lead, invest, and execute for growth, aiming to accelerate growth and create sustained shareholder value [9] - Recent acquisitions, such as Ultra PCS and Resilient Power Systems, are aimed at strengthening positions in high-growth markets like aerospace and data centers [11][12] - Partnerships with companies like NVIDIA and Siemens Energy are intended to enhance infrastructure and power distribution capabilities [14][15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, citing strong order momentum and a robust negotiation pipeline [42][44] - The company raised its guidance for organic growth to a range of 8.5% to 9.5% for the year, reflecting positive market conditions [30][31] - Management noted that while some markets are not growing, the overall outlook remains positive due to strong performance in data centers and defense aerospace [28][29] Other Important Information - The company is investing in AI and ERP systems to enhance operational efficiency and customer interaction [103][105] - There is an expectation of margin improvement as capacity ramps up and inefficiencies are addressed [101][102] Q&A Session Summary Question: What is the expectation for Electrical Americas and global orders? - Management indicated strong visibility into Q3 orders, especially in Electrical Americas, with a backlog expected to remain above one [42][43] Question: Is Electrical Americas gaining market share in the US? - Management confirmed market share gains in North America, particularly in data centers, where growth outpaced market averages [51] Question: Can you recap your data center strategy regarding gray space and white space? - The company emphasized a comprehensive strategy addressing power availability and construction speed, with partnerships and acquisitions enhancing their position [53][56] Question: What is the impact of new capacity on orders? - Management noted that new capacity is expected to strengthen orders, with ongoing investments in FiberBond to meet data center demand [143][144] Question: How is the company managing margin pressures from capacity ramp-up? - Management acknowledged current inefficiencies but expects improved margins as operations normalize and capacity increases [101][102]

Financial Data and Key Metrics Changes - Adjusted earnings per share increased by 8% compared to Q2 2024, reaching $2.95, which is at the high end of the guidance range [6][18] - Organic sales growth for the quarter was 8%, driven by strong performance in Electrical Americas, Aerospace, and Electrical Global [6][18] - Segment margins reached a record high, expanding by 20 basis points to 23.9% [6][18] Business Line Data and Key Metrics Changes - Electrical Americas segment reported organic sales growth of 12%, primarily driven by data center strength, which was up approximately 50% [18][19] - Aerospace segment achieved organic sales growth of 11%, with particular strength in defense and commercial aftermarket [25][26] - Vehicle segment experienced an 8% decline in both total and organic sales, mainly due to weaknesses in the North American truck market [27] Market Data and Key Metrics Changes - Electrical Americas backlog grew by 17% year-over-year, reaching an all-time record [7][20] - Orders in Electrical Americas accelerated to a 2% increase on a trailing twelve-month basis, recovering from a 4% decline in the previous quarter [19][20] - APAC region showed double-digit organic growth, while EMEA experienced mid-single-digit growth [23][24] Company Strategy and Development Direction - The company is focusing on a strategy anchored by three pillars: lead, invest, and execute for growth, with a strong emphasis on high-growth and high-margin markets [9][16] - Recent acquisitions, including Ultra PCS and Resilient Power Systems, are aimed at strengthening the company's position in aerospace and data center markets [11][12] - Partnerships with companies like NVIDIA and Siemens Energy are designed to enhance infrastructure capabilities and address power availability challenges for data centers [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong order momentum and negotiation pipeline, particularly in Electrical Americas, which is expected to continue into Q3 [40][41] - The company raised its guidance for organic growth to a range of 8.5% to 9.5% for the year, reflecting positive market conditions [30][31] - Management noted that while some segments like vehicle and e-mobility are facing challenges, overall market positioning remains strong [30][31] Other Important Information - The company is investing in AI and ERP systems to enhance operational efficiency and customer interaction, which is expected to yield long-term benefits [102][104] - The integration of Fiberbond is progressing well, with expectations of increased volume and new business opportunities [76][77] Q&A Session Summary Question: What is the expectation for Electrical Americas and global orders? - Management indicated strong momentum in orders and a robust negotiation pipeline, expecting continued acceleration in Q3 [40][41] Question: Is Electrical Americas gaining market share in the US? - Management confirmed that market data indicates share gains in North America, particularly in data centers [49][50] Question: Can you elaborate on the data center strategy regarding gray space and white space? - The company has a comprehensive strategy addressing power availability and construction speed, with partnerships and acquisitions enhancing their capabilities [51][52] Question: What is the outlook for Electrical Global margins? - Management expressed a cautious but optimistic view, aiming for margin improvements while being prudent in guidance [121][122] Question: How is the capacity coming online impacting orders? - Management noted that the new capacity is expected to strengthen orders and support growth, particularly in the data center segment [144][145]

Group 1: F5 (FFIV) - F5 provides products and services to manage Internet traffic worldwide and has a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for F5's current year earnings increased by 4.9% over the last 60 days [1] - F5's shares gained 20.1% over the last three months compared to the S&P 500's gain of 12%, and the company has a Momentum Score of A [1] Group 2: Indivior (INDV) - Indivior is a specialty pharmaceutical company focused on medications for alcohol addiction, opioid overdose, and related conditions, holding a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Indivior's current year earnings increased by 26.1% over the last 60 days [2] - Indivior's shares gained 78.4% over the last three months compared to the S&P 500's gain of 12%, with a Momentum Score of A [3] Group 3: nVent Electric (NVT) - nVent Electric provides electrical connection and protection solutions and has a Zacks Rank 1 [4] - The Zacks Consensus Estimate for nVent Electric's current year earnings increased by 6.5% over the last 60 days [4] - nVent Electric's shares gained 48.6% over the last three months compared to the S&P 500's gain of 12%, and the company has a Momentum Score of A [4]

Third Quarter 2025 Earnings Presentation and Business Update August 5, 2025 Cautionary Statements This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the "Company" or "Atkore") or its operational and financial information. Atkore expressly disclaims any current intention to update any forward-looking statements contained in this presentation as a ...

Financial Data and Key Metrics Changes - The company reported record sales of $963 million, up 30% year-over-year, with organic growth of 9% driven by both volume and price [13] - Adjusted EPS grew 28% to $0.86, exceeding guidance [15] - Adjusted operating income increased 18% year-over-year with a return on sales of nearly 21% [9][15] Business Line Data and Key Metrics Changes - Systems Protection sales increased 43% to $632 million, with organic growth of 10% [15][16] - Electrical Connections sales rose 11% to $331 million, with organic sales up 7% [17] - Infrastructure vertical led with organic sales growth over 20%, while commercial residential sales grew mid-single digits and industrial sales were down slightly [9][10] Market Data and Key Metrics Changes - All key geographic regions experienced growth: Americas up 9%, Europe up 10%, and Asia Pacific up low single digits [10][16] - The backlog increased more than fourfold compared to the previous year, driven by strong demand in data centers and power utilities [7][39] Company Strategy and Development Direction - The company is focused on becoming a higher growth electrical connection and protection company, with significant investments in data solutions and infrastructure [6][26] - The infrastructure vertical is expected to account for over 40% of sales, with data centers and power utilities each contributing approximately 20% [27] - The company is prioritizing growth initiatives, including new products and acquisitions, to enhance its market position [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance and growth outlook, particularly in data centers and power utilities [11][12] - The company raised its full-year sales and adjusted EPS guidance, reflecting strong Q2 results and increased visibility in growth areas [22][24] - Management acknowledged the dynamic tariff environment but emphasized their ability to manage pricing and productivity to offset impacts [11][92] Other Important Information - The company launched 50 new products in the first half of the year, contributing over three points to sales growth [9] - Free cash flow for the quarter was robust at $74 million, with a strong balance sheet supporting capital allocation strategies [19][20] Q&A Session Summary Question: What is the timing of converting the backlog? - Management indicated that the backlog is expected to convert into sales through 2026, driven by growth in the data center solutions business and recent acquisitions [39] Question: How does the company view competition from hyperscalers developing their own cooling solutions? - Management stated that partnerships with hyperscalers remain crucial, as many do not wish to manufacture their own solutions, allowing for continued collaboration [42] Question: What is the outlook for commercial residential performance? - Management noted healthy performance in commercial residential but remained cautious, expecting it to be flattish for the year due to market uncertainties [51][102] Question: How is the company managing tariff and inflation pressures? - Management confirmed that pricing strategies are in place to offset tariff impacts, with expectations for improved margins in the second half of the year [92] Question: What is the expected growth for the Tracke business in 2025? - Management reported that the Tracke business is growing at double digits, with strong orders and healthy backlog contributing to raised guidance [52] Question: How is the company approaching modular data centers? - Management indicated that they are expanding capacity for modular data centers and integrating other OEMs' equipment, which will enhance overall margins [68][94] Question: What is the company's strategy for acquisitions? - Management emphasized a disciplined approach to acquisitions, focusing on high-growth verticals and complementary products to enhance capabilities [131]

Financial Data and Key Metrics Changes - The company reported record sales of $963 million, up 30% year-over-year, with organic growth of 9% driven by both volume and price [12] - Adjusted EPS grew 28% to $0.86, exceeding guidance [14] - Adjusted operating income increased 18% year-over-year, with a return on sales of nearly 21% [8][14] Business Line Data and Key Metrics Changes - Systems Protection sales increased 43% to $632 million, with organic growth of 10% [14][16] - Electrical Connections sales rose 11% to $331 million, with organic sales up 7% [16] - Infrastructure vertical led with organic sales growth over 20%, while commercial residential sales were up mid-single digits and industrial sales were down slightly [8][16] Market Data and Key Metrics Changes - All key geographic regions experienced growth: Americas up 9%, Europe up 10%, and Asia Pacific up low single digits [9] - The backlog increased more than fourfold compared to the previous year, driven by strong demand in data centers and power utilities [6][10] Company Strategy and Development Direction - The company is focused on becoming a higher growth electrical connection and protection company, with a significant shift towards the infrastructure vertical, which is expected to account for over 40% of sales [25][26] - Investments are being made in data solutions to support the AI build-out, with a focus on innovative power and cooling solutions [27][29] - The company is prioritizing growth initiatives, including new products and acquisitions, while maintaining a strong balance sheet [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance and growth outlook, particularly in data centers and power utilities [10][11] - The company raised its full-year sales guidance to reflect strong Q2 results, expecting reported sales growth of 24% to 26% [21] - Management acknowledged the dynamic tariff environment but emphasized their ability to manage pricing and productivity to offset impacts [10][87] Other Important Information - The company launched 50 new products in the first half of the year, contributing over three points to sales growth [8] - Free cash flow for the quarter was robust at $74 million, with a healthy balance sheet supporting disciplined capital allocation [18][19] Q&A Session Summary Question: Timing of converting backlog and its duration - Management indicated that the backlog is expected to convert into sales through 2026 and beyond, driven by growth in the data center solutions business and recent acquisitions [36][37] Question: Concerns about disintermediation in liquid cooling - Management clarified that they partner with hyperscalers to provide complete system solutions or specific products, maintaining strong relationships despite market changes [38][41] Question: Performance of commercial residential segment - Management noted healthy performance in the commercial residential segment but remained cautious about the overall industry outlook, expecting it to be flattish for the year [47][49] Question: Backlog growth and expectations for the second half - Management confirmed that backlog has grown significantly, particularly in the systems protection business, which is expected to grow ahead of the electrical connections segment [54][55] Question: Price recovery from tariff impacts - Management stated that they expect to recover tariff impacts through pricing and productivity, with a focus on maintaining healthy margins [85][87] Question: Modular data centers and integration of other products - Management indicated that they are integrating other OEMs' equipment into their modular data center offerings, which will enhance their capabilities over time [90][91] Question: Growth opportunities in international markets - Management attributed outperformance in international markets to a focus on high-growth verticals and strong distribution partnerships [117] Question: Margin protection amid inflation and tariffs - Management confirmed that they have mechanisms in place to adjust pricing in response to tariffs and inflation, ensuring margin protection through long-term contracts [119]

Financial Performance - nVent delivered record Q2 sales of $963 million, up 30% year-over-year[10] - Adjusted EPS was $0.86, a 28% increase[12] - Adjusted operating income reached $200 million, up 18% year-over-year, with a ROS of 20.8%[12] - Free cash flow generation amounted to $74 million in Q2 2025[12] Growth and Orders - Organic sales increased by 9%[12] - Organic orders grew by over 20% year-over-year[10] - Total backlog increased more than four-fold year-over-year[10] - New products contributed over 3 percentage points to sales growth[12] Outlook and Guidance - nVent is raising full-year sales and adjusted EPS guidance[10] - The company expects sales to be up 24% to 26% reported, and 8% to 10% organically[33] - Adjusted EPS is projected to be between $3.22 and $3.30, a 29% to 33% increase[33]

Financial Data and Key Metrics Changes - Organic sales grew 7% in Q2, following a 6% increase in Q1, with preliminary July sales per workday up approximately 10% year over year [5][12] - Adjusted EBITDA margin increased by 90 basis points sequentially, while adjusted EPS rose 6% compared to the prior year [6][14] - Total data center sales surpassed $1 billion in Q2, marking a 65% year-over-year increase [5][21] Business Line Data and Key Metrics Changes - Communications and Security Solutions (CSS) achieved 17% organic growth, driven by strong data center performance, while Electrical and Electronic Solutions (EES) grew 6% [5][18] - Utility and Broadband Solutions (UBS) experienced a 4% decline in sales, although investor-owned utilities showed signs of recovery [24][27] - CSS data center sales represented nearly 40% of CSS revenue in Q2, up from approximately 30% in the prior year [19][21] Market Data and Key Metrics Changes - The utility market faced headwinds but is expected to return to growth in the second half of the year, with preliminary July sales for UBS showing slight improvement [24][39] - Backlog increased across all business units, with CSS backlog up 36% year over year [40][41] - The overall demand for data centers remains strong, with no slowdown in customer demand reported [19][21] Company Strategy and Development Direction - The company is focused on executing cross-sell initiatives, managing margins, and delivering operational improvements through technology [10][42] - The outlook for organic sales growth has been revised upward to 5% to 7% for the year, driven by strong data center performance and broader electrical sales trends [37][39] - The company plans to prioritize deleveraging the balance sheet while remaining opportunistic regarding share repurchases and acquisitions [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of the utility business, supported by trends in electrification and green energy [27][39] - The company acknowledged the uncertainty surrounding tariffs and the overall economy but remains optimistic about demand for data centers and improving electrical end markets [39][40] - Management highlighted the importance of strong customer relationships and visibility into future demand, particularly in the data center segment [65][68] Other Important Information - The company redeemed $540 million of Series A preferred stock, improving its capital structure and extending debt maturities [29][30] - Free cash flow for Q2 was $87 million, representing approximately 45% of adjusted net income, with a trailing twelve-month free cash flow of $644 million [27][28] Q&A Session Summary Question: Clarification on pricing and guidance - Management confirmed that no tariff impacts are included in the second half outlook, and July's strong start reflects genuine demand increase rather than just easier comparisons [49][50] Question: Insights on utility business trends - Management noted that investor-owned utilities returned to growth in Q2, with expectations for public power customers to follow suit in the second half [59][62] Question: Data center growth metrics - Management indicated strong visibility into data center demand, with significant growth in both white space and gray space, particularly driven by AI applications [65][68] Question: Net working capital intensity targets - Management aims to return to pre-COVID levels of around 19% for net working capital intensity, with ongoing improvements noted [79][80] Question: Pricing impacts and inventory gains - Management clarified that known price increases are factored into guidance, but future pricing actions related to tariffs are not included due to uncertainty [84][86]