Powell Industries Highlights Record $1.6B Backlog, Data Center Wins at Sidoti Conference

2 hours ago 1

MarketBeat

Sat, March 21, 2026 astatine 2:04 PM CDT 8 min read

Powell Industries logo

$1.6 billion grounds backlog with a book-to-bill of 1.7, supported by respective ample awards including a >$100M LNG "mega order" and Powell’s archetypal data-center "mega" triumph of $75 million (more than $100M successful data-center bookings that quarter).
Profitability has improved markedly—gross nett roseate from ~16% successful 2021 to 29.4% successful fiscal 2025 and EBITDA from ~2.5% to 20.4%—and Powell holds astir $500M of cash, of which astir $200–225M is disposable for maturation aft backlog deployment and mean expenditures.
Management is expanding capableness and capabilities—completing a 50,000 sq ft breaker addition, readying a ~335,000 sq ft offshore gait expansion, and accelerating integer automation via the tuck-in acquisition of Remsdaq—as it shifts premix toward utilities and commercial/data-center markets and emphasizes home manufacturing and task execution versus larger competitors.
Interested successful Powell Industries, Inc.? Here are 5 stocks we similar better.

3 Small-Cap Leaders Poised for Significant Growth

Powell Industries (NASDAQ:POWL) executives told investors astatine a Sidoti & Company league that the institution is seeing beardown request crossed industrial, inferior and commercialized markets, supported by grounds backlog levels and caller investments to grow manufacturing capacity. Chief Executive Officer Brett Cope and Chief Financial Officer Michael Metcalf besides discussed the company’s acquisition strategy, superior allocation priorities, and however it differentiates itself erstwhile competing against larger planetary electrical instrumentality providers.

Cope described Powell arsenic a shaper of electrical exertion and solutions utilized to power the travel of powerfulness from procreation done distribution, emphasizing that the institution is “agnostic” to however powerfulness is generated. Powell’s halfway merchandise scope spans debased to mean voltage equipment, starting astatine 480 volts and reaching 38,000 volts. Cope said the institution focuses its integrated merchandise improvement and imaginable acquisition targets wrong that range, portion sourcing higher-voltage components for integration erstwhile needed.

→ Forget Chipmakers: Walmart and Target Are the Real AI Plays

3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization

The institution is chiefly oriented astir the ANSI electrical standard, with 7 manufacturing facilities successful the U.S. and Canada supporting that standard. Powell besides operates 1 mill successful the United Kingdom serving the IEC standard, which dominates successful Europe and galore different planetary regions.

Cope highlighted Powell’s capabilities successful manufacturing breakers, switchgear, and modular substations. He compared Powell’s products to the breaker panels recovered successful residential settings, but “at concern scale.” He besides described the institution arsenic highly vertically integrated, bringing successful earthy materials specified arsenic copper, steel, and aluminum and performing fabrication processes—such arsenic laser cutting, welding, and painting—within its facilities.

Read Entire Article