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Is Powell Industries' Diversification Into Electric Utility Gaining Traction?
ZACKS· 2025-09-16 22:31
Key Takeaways POWL's Q3 2025 utility sales rose 31%, with industrial revenues up 18% year over year.Backlog reached $1.4B, up 7% sequentially, supported by $362M in new quarterly orders.POWL secured its largest utility award and LNG facility projects, boosting future growth.Powell Industries, Inc.’s (POWL) diversification efforts beyond its core oil, gas and petrochemical markets have enhanced its market share across the electric utility, commercial and other industrial markets. In the third quarter of fisc ...