Full-Time
Custom-engineered electrical power distribution systems
$54.6k - $72.8k/yr
Houston, TX, USA
In Person
Travel up to 85% of year; in-person field service across the US.
See people who can refer or advise you
Powell Industries designs and builds custom electrical equipment and systems for distributing, controlling, and monitoring power in commercial and industrial settings. Its offerings include integrated solutions and packaged power distribution, power control, and power monitoring, delivered through global manufacturing facilities and service centers. Powell acts as a one-source provider from design and manufacturing to installation, commissioning, and ongoing service for critical power needs across renewables, industrial, and commercial sectors. The goal is to deliver safe, reliable, and cost-effective power delivery through tailored infrastructure and comprehensive support.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1947
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
401(k) Company Match
Professional Development Budget
Powell Industries reported record quarterly orders in its fiscal 2026 third quarter, pushing backlog above $2 billion for the first time in the company's 79-year history. Revenue increased 9% year-over-year, whilst gross margin reached 30.6%. The earnings call, held on 4 August 2026, featured Chairman and CEO Brett Cope and CFO Mike Metcalf discussing the results. Cope highlighted the company's strong performance and continued focus on productivity improvements. Powell Industries manufactures electrical equipment and systems. The company described the quarter as "very strong" and emphasised the historic nature of surpassing the $2 billion backlog threshold. A replay of the earnings call is available through the company's website or by telephone until 11 August.
Powell Industries reported third quarter fiscal 2026 revenues of $312 million, up 9% year-over-year. Net income reached $52 million, or $1.42 per diluted share, an 8% increase. The company secured $934 million in new orders, a 158% jump, achieving a 3.0x book-to-bill ratio. Backlog climbed 69% to $2.4 billion as of 30th June 2026. Powell won three mega orders during the quarter, including a data center contract exceeding $400 million, an LNG order of approximately $60 million, and a petrochemical order around $75 million. Gross profit was $95 million, representing 30.6% of revenue. Cash and short-term investments totalled $634 million at quarter end. The electrical energy solutions provider cited strong demand across oil and gas, electric utility, and commercial and industrial sectors.
Powell, an electrical systems provider, reported revenues of $296.6 million for Q1, up 6.5% year on year but falling short of analysts' expectations by 0.8%. The company missed EPS estimates as well. Despite the disappointing results, Powell secured orders totalling $490 million during the quarter, achieving a 1.7x book-to-bill ratio. The company also announced a major data centre order exceeding $400 million after quarter-end, marking the largest order in Powell's history. Powell maintained a gross margin of 29.6% during the quarter. CEO Brett Cope highlighted continued commercial momentum and the company's focus on executing growth objectives. The market reacted negatively to the results, with Powell's stock dropping 12.3% since the earnings announcement. It currently trades at $236.74.
Powell, an electrical systems provider, stands out as a strong investment with a 17% trailing 12-month free cash flow margin. The company has demonstrated impressive growth with annual revenue increases of 15.4% over the past two years and earnings per share growth of 36.7%, indicating highly profitable incremental sales. Its free cash flow margin has surged by 22.8 percentage points over five years. Conversely, EverQuote, an online insurance marketplace with a 13.4% free cash flow margin, faces challenges from high marketing expenses needed to sustain customer acquisition. Best Buy, with a 3.8% margin, struggles with recent store closures, weak same-store sales, and a low gross margin of 22.6% due to intense competition.
Powell Industries missed earnings and revenue estimates in first-quarter 2026, pressured by rising operating costs and expenses. In fiscal 2025, cost of sales increased 5.5% year over year to $779.9 million, whilst selling, general and administrative expenses rose 12.4%, driven by higher raw material and compensation costs. The trend continued into fiscal 2026, with gross profit margin contracting 30 basis points to 29.6% and operating margin declining 170 basis points to 19.4% in the second quarter. Material costs represented 45% of revenues in fiscal 2025. Supply-chain disruptions in utility and commercial sectors have caused delays and increased costs. Despite moderation, persistent supply-chain issues will likely continue impacting margins. Shares have surged 64.5% over three months, though the company trades at a premium forward P/E of 45.86X.