DexCom earnings beat by $0.03, revenue topped estimates
Investing.com -- Powell Industries , Inc. (NASDAQ:POWL) reported better-than-expected second quarter earnings for fiscal 2025, with revenue in line with analyst estimates. The stock dipped 1.9% following the announcement, likely due to a slight decrease in new orders and a lack of specific guidance.
The electrical energy solutions provider posted adjusted earnings per share of $3.81, beating the analyst consensus of $3.37 by $0.44. Revenue for the quarter came in at $279 million, essentially matching the consensus estimate of $279.28 million and representing a 9% increase YoY.
Powell’s gross profit surged 33% YoY to $83.4 million, or 29.9% of revenue, compared to $62.7 million, or 24.6% of revenue, in the same quarter last year. The company attributed this improvement to broad-based operating efficiencies and increased productivity.
New orders totaled $249 million, up from $235 million in the prior year but down from $269 million in the first quarter of fiscal 2025. The company’s backlog remained steady at $1.3 billion as of March 31, 2025.
Brett A. Cope, Powell’s Chairman and CEO, commented on the results: "Our second quarter marked another solid quarter of project execution and robust operational efficiency. Powell delivered a 33% increase in gross profit dollar growth on revenue growth of 9%, leading to a gross margin improvement of 530 basis points compared to the prior year."
The company did not provide specific guidance for the upcoming quarters or fiscal year.
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