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BTCC / BTCC Square / Global Cryptocurrency /
Powell Industries Earnings Miss on Revenue but Beat on Profits

Powell Industries Earnings Miss on Revenue but Beat on Profits

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-06 22:02:02
0
BTCCSquare news:

Powell Industries (POWL) shares dropped sharply before paring losses, closing down 6.5% after reporting mixed fiscal Q3 results. While revenue dipped 1% year-over-year to $255 million—missing estimates—EPS of $3.96 exceeded expectations on margin expansion.

The engineering firm's electric utility segment surged 31%, aligning with booming U.S. power demand from AI data centers. Commercial/industrial revenue rose 18%, offsetting declines in oil/gas sectors. CEO BRETT Cope emphasized "strong backlog growth" as orders jumped 56% to $468 million.

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