Core Insights - Carillon Eagle Small Cap Growth Fund's third-quarter 2025 investor letter indicates a sustained upward rally in equity markets, driven by AI acceleration, reduced inflationary impacts from tariffs, and prospects for interest rate cuts from the U.S. Federal Reserve [1] - Small-cap stocks, represented by the Russell 2000® Growth Index, increased by 12.19% in the quarter, slightly underperforming the Russell 2000 Value Index, which rose by 12.60% [1] Company Highlights - Powell Industries, Inc. (NASDAQ:POWL) is noted for its strong performance, with a one-month return of 26.07% and a 52-week gain of 47.02% [2] - As of October 28, 2025, Powell Industries, Inc. had a stock price of $384.26 and a market capitalization of $4.637 billion [2] - The company specializes in designing, manufacturing, and servicing custom-engineered equipment for electrical energy distribution and process control systems [3] - Powell Industries is well-positioned to benefit from the growing demand in the utility market and is noted for its customizable switchgear solutions, which differentiate it from larger competitors [3] - The company is also exploring increased exposure to data centers, which could enhance future growth prospects [3] Financial Performance - Powell Industries reported total revenue of $286 million in the third quarter of fiscal 2025, a slight decrease from $288 million in the same quarter of the previous year [4] - The number of hedge funds holding Powell Industries increased from 23 to 27 in the second quarter of 2025, indicating growing interest among institutional investors [4]