Filing Flows › Powell Industries (POWL) › Q2 FY25
Powell Industries (POWL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Powell Industries (POWL) reported revenue of $279M for the second quarter fiscal 2025 (Q2 FY25), +9% from a year earlier and +15% from the quarter before. Operating margin was 21.1%, net earnings $46.3M (16.6% of revenue).
Powell Industries, Q2 FY25: revenue $279M (+9% year over year), operating margin 21.1%, net earnings $46.3M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $279M | +15% | +9% |
| Gross profit | $83.4M | +40% | +33% |
| Operating profit | $58.9M | +66% | +49% |
| Net earnings | $46.3M | +33% | +38% |
| Operating cash flow | $22.4M | -40% | +32% |
| Free cash flow | $18.3M | -47% | +14% |
What changed
Revenue was $278.6M in Q2 FY25, up 9% year over year and up 15% from the previous quarter.
Gross margin was 29.9%, up 5.4 points from a year earlier. Operating profit was $58.9M, a 21.1% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 83% reached operating profit, above the 15% margin then. Operating expenses grew 6% against revenue growth of 9%. The fastest-growing cost line was Research & development (+20%). Net earnings were $46.3M, up 38% year over year. The effective tax rate was 25.8%.
Operating cash flow was $22.4M (up 32% year over year), 48% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $26.7M. Capital expenditures of $4.1M left free cash flow of $18.3M.
Questions
What was Powell Industries' revenue in the second quarter fiscal 2025?
Powell Industries (POWL) reported revenue of $279M for the second quarter fiscal 2025 (Q2 FY25), +9% from a year earlier and +15% from the quarter before.
Was Powell Industries profitable in the second quarter fiscal 2025?
Operating profit was $58.9M (21.1% of revenue) and net earnings $46.3M.
Source: Powell Industries 10-Q on SEC EDGAR.