Powell Q4 revenue beats estimates on strength in electric utility market
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Powell Industries reported an 8% year-over-year increase in fiscal Q4 revenue, surpassing analyst expectations, driven by a 100% growth in the electric utility market. Net income rose 12%, and the company completed the acquisition of Remsdaq Ltd. Powell anticipates strong order activity and maintaining its margin profile in Fiscal 2026. The Jacintoport facility expansion is expected to complete in the second half of Fiscal 2026. Analysts rate the stock as a 'buy' with a median 12-month price target of $233.00.
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