POWL Powell Industries (POWL) Q2 FY26 earnings call
Powell Industries delivered a solid quarter with robust order growth, particularly from data center, LNG, and utility projects, leading to a record $1.8 billion backlog. The company is strategically expanding manufacturing capacity and engineering resources to meet sustained demand, while also investing in R&D and exploring inorganic opportunities. Management is cautiously optimistic about the petrochemical market's cyclical inflection.
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POWL operating KPIs by quarter
| KPI | This call Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Orders | $490MWe recorded $490 million of new orders in the quarter, bringing our midyear total to nearly $1 billion in new awards.Source: earnings call transcript | $934MOverall, Powell's awarded a record $934 million of new orders in the third quarter which is nearly 3x higher than the prior year and nearly double the order total from last quarter.Source: earnings call transcript | +90.6% |
| Backlog | $1.8BOur backlog now sits at $1.8 billion, 12% higher than the prior quarter and 33% higher than 1 year ago.Source: earnings call transcript | <$2.4BOur backlog is now nearly $2.4 billion, again, the highest in Powell's history and it is notable that we have booked over $1.8 billion of new awards over the past 3 quarters.Source: earnings call transcript | — |
| Book-to-bill ratio | 1.7 ratioAs a result of the strong commercial activity across our key end markets, the book-to-bill ratio for both the second quarter as well as the first half of fiscal 2026 is 1.7x.Source: earnings call transcript | 3 ratioThe resulting book-to-bill ratio for the third fiscal quarter is 3.0x while this ratio on a fiscal year-to-date basis is 2.2x, with reported backlog reaching a new high of $2.4 billion at the end of the third fiscal quarter, $967 million higher versus 1 year ago and $619 million higher sequentially.Source: earnings call transcript | +76.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.