Powell Industries, Inc. (POWL) Presents at 17th Annual Midwest IDEAS Conference Transcript
Powell Industries, Inc. (POWL) Presents at 17th Annual Midwest IDEAS Conference Transcript

Powell Industries, Inc., operating with its subsidiaries, specializes in the comprehensive design, development, manufacturing, sales, and maintenance of customized electrical apparatus and ...
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$0.36 per share
Est. EPS $5.38 · Revenue $1.19B · 4 analysts
Est. EPS $1.27 · Revenue $301.00M · 2 analysts
Est. EPS $1.56 · Revenue $348.30M · 1 analysts
$0.36 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.1B | +9.1% | +5.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $180.7M | +20.6% | +13.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +29.4% | +8.9% | +3.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +19.7% | +11.7% | +5.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +16.4% | +10.6% | +8.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $154.8M | +60.1% | +89.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +14.0% | +46.8% | +80.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.3% | +3.2% | +21.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.09x | +15.1% | -12.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.1B | +19.5% | +19.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.95 vs 4.80 | +3.1% | 1.42 vs 1.47 | -3.3% |
| Revenue Surprise | $1.1B vs $1.1B | +0.6% | $311.7M vs $316.7M | -1.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Williams Richard E | director | Common Stock | D | 2,250 | $203.05 |
| Aug 13, 2026 | COPE BRETT ALAN | director, officer: President & CEO | Common Stock | D | 4,500 | $207.01 |
| Jul 9, 2026 | COPE BRETT ALAN | director, officer: President & CEO | Common Stock | D | 4,440 | $241.55 |
| Jul 1, 2026 | COPE BRETT ALAN | director, officer: President & CEO | Common Stock | A | 36,000 | $0.01 |
| Jun 30, 2026 | METCALF MICHAEL WILLIAM | officer: Exec Vice President | Common Stock | D | 187 | $280.05 |
Operator: Welcome to the Powell Industries Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mr. Robert Winters, Investor Relations. Thank you. Please go ahead. Robert Winters: Thank you, operator, and good morning, everyone. Thank you for joining us for Powell Industries conference call today to review fiscal year 2026 third quarter results. With me on the call are Brett Cope, Powell's Chairman and CEO; and Mike Metcalf, Powell's CFO. There will be a replay of today's call, and it will be available via webcast by going to the company's website powellind.com, or a telephonic replay will be available until August 11. The information on how to access the replay was provided in yesterday's earnings release. Please note that information reported on this call speaks only as of today, August 4, 2026, and therefore, you are advised that any time-sensitive information may no longer be accurate at the time of replay listening or transcript reading. This conference call includes certain statements, including statements related to the company's expectations of its future operating results that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties and that actual results may differ materially from those projected in these forward-looking statements. These risks and uncertainties include, but are not limited to, competition and competitive pressures, sensitivity to general economic and industry conditions, international, political and economic risks, availability and price of raw materials; and execution of business strategies. For more information, please refer to the company's filings with the Securities and Exchange Commission. With that, I'll now turn the call over to Brett. Brett Cope: Thank you, Bobby, and good morning, everyone. Thank you for joining us today to review Powell's fiscal 2026 third quarter results. I will make a few comments and then turn the call over to Mike for more financial commentary before we take your questions. Powell delivered a very strong third quarter, highlighted by a record for new orders in a single quarter, which in turn has elevated our backlog to over $2 billion for the first time in our 79-year history. Revenue grew 9% compared to the prior year and our continued focus on productivity delivered a gross margin of 30.6%. Revenue growth in the quarter was once again driven by our commercial and other industrial and electric utility markets with continued strong results in the oil and gas sector. Each of our core end markets are exhibiting high levels of activity and the nature and scope of these projects are central to Powell's core competencies. The electric utility market remains very active, underwritten by structurally undersupplied power demand, while data center order …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Brett A. Cope | Chairman of the Board, President & Chief Executive Officer | USD 2,368,334 | Male | 1968 | Active |
Michael W. Metcalf | Executive Vice President, Chief Financial Officer, Secretary & Principal Accounting Officer | USD 1,058,223 | Male | 1968 | Active |
Davide Tuninetti | VP & Chief Human Resource Officer | USD 567,713 | Male | — | Active |
William Marshall Mauney Jr. | Vice President of R&D | — | — | — | Active |
Terry McKertcher | Vice President of Operations | — | — | — | Active |
David L. Eckenrode | Assistant Secretary & Treasurer | — | — | — | Active |
Gary King | Director of Corporate Communications | — | Male | — | Active |
Powell Industries, Inc. (POWL) Presents at 17th Annual Midwest IDEAS Conference Transcript

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