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Powell Industries (POWL) Q3 FY25 earnings results (third quarter fiscal 2025)

10-Q filed Aug 6, 2025

Powell Industries (POWL) reported revenue of $286M for the third quarter fiscal 2025 (Q3 FY25), -0.7% from a year earlier and +3% from the quarter before. Operating margin was 21.0%, net earnings $48.2M (16.8% of revenue).

Revenue$286M
Year over year-0.7%
Quarter over quarter+3%
Operating margin21.0%
Net earnings$48.2M

Powell Industries, Q3 FY25: revenue $286M (-0.7% year over year), operating margin 21.0%, net earnings $48.2M, operating cash flow $47.4M. The chart follows the revenue to costs, profit and cash.

Q3 FY25AmountQ/QY/Y
Revenue$286M+3%-0.7%
Gross profit$87.9M+5%+8%
Operating profit$60.1M+2%+5%
Net earnings$48.2M+4%+4%
Operating cash flow$47.4M+111%+244%
Free cash flow$42.3M+131%+242%

What changed

Revenue was $286.3M in Q3 FY25, down 1% year over year and up 3% from the previous quarter. Oil and Gas Service was the largest line at 37% of revenue. Petrochemical lost $20.4M year over year (down 36%), 1078% of the total change.

Gross margin was 30.7%, up 2.3 points from a year earlier. Operating profit was $60.1M, a 21.0% margin (up 1.1 points year over year). Operating expenses grew 14% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+14%). Net earnings were $48.2M, up 4% year over year. The effective tax rate was 24.8%.

Operating cash flow was $47.4M (up 244% year over year), 98% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $5.1M left free cash flow of $42.3M.

Questions

What was Powell Industries' revenue in the third quarter fiscal 2025?

Powell Industries (POWL) reported revenue of $286M for the third quarter fiscal 2025 (Q3 FY25), -0.7% from a year earlier and +3% from the quarter before.

Was Powell Industries profitable in the third quarter fiscal 2025?

Operating profit was $60.1M (21.0% of revenue) and net earnings $48.2M.

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Source: Powell Industries 10-Q on SEC EDGAR.