Powell (POWL) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 12:35 PM CDT 31 min read

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Date

Wednesday, Nov. 19, 2025 astatine 11 a.m. ET

Call participants

• Chairman, President, and Chief Executive Officer — Brett A. Cope

• Chief Financial Officer — Michael W. Metcalf

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Full Conference Call Transcript

Brett Cope: Thank you, Ryan, and bully morning, everyone. Thank you for joining america contiguous to reappraisal Powell's fiscal 2025 4th fourth and afloat twelvemonth results. I volition marque a fewer comments and past crook the telephone implicit to Mike for much fiscal commentary earlier we instrumentality your questions. Our 4th fourth marked a coagulated decorativeness to different grounds twelvemonth for Powell. Compared to the 4th fourth of past year, we achieved gross nett dollar maturation of 16%, gross maturation of 8% and the procreation of $61 cardinal successful operating currency flow.

Our teams delivered a grounds quarterly gross nett of 31.4%, which was 215 ground points amended than the anterior twelvemonth and a grounds quarterly net per stock of $4.22 per diluted share. Our 4th fourth show is simply a testament to the ongoing precocious level of task execution crossed each of our operations, combined with the dependable advancement against our strategical goals. The gross illustration of fiscal 2025 was driven by the beardown maturation successful our nonindustrial markets, including some the Electric Utility and our Commercial and Other Industrial sectors. These 2 markets accounted for 41% of our gross successful fiscal 2025 and presently comprise 48% of our full backlog.

Five years ago, these 2 marketplace sectors accounted for conscionable nether 20% of our backlog arsenic our focused effort to diversify the concern and turn successful these strategical markets has produced important results for the aboriginal of Powell. The Light Rail Traction marketplace besides had notable contributions during the year, with gross astir doubling compared to the anterior twelvemonth arsenic we experienced accrued levels of commercialized enactment successful this extremity marketplace passim fiscal 2025 versus the anterior year. We booked $271 cardinal of caller orders successful the quarter, which was astir 1% higher than the anterior year. There were nary mega projects successful the 4th arsenic our bid publication was comprised of a higher measurement of small- and medium-sized projects.

For the afloat year, we booked $1.2 cardinal of caller orders, 9% higher than fiscal 2024. We finished the twelvemonth with a backlog of $1.4 cardinal and registered a book-to-bill of 1.0x for the afloat year. Today, our backlog and task schedules are good balanced crossed the markets and geographies we serve. We besides payment from a steadfast premix of ample projects arsenic good arsenic halfway smaller and medium-sized projects that assistance maximize productivity crossed our manufacturing plants. With that said, we person begun to spot immoderate divergence look arsenic we adjacent retired 2025 crossed our cardinal extremity markets.