dusanpetkovic/iStock via Getty Images The Thesis After a strong 2023 with double-digit topline expansion, Powell Industries (NASDAQ:POWL) has seen nearly 50% growth in the first three quarters of 2024 as demand remains healthy across most of the end market. I expect this to continue further in quarters ahead despite near term headwinds in the Oil and Gas end market as demand in other industrial markets like Petrochemical remains robust, which along with strong backlog levels should help the company in closi ...

JulPo/E+ via Getty Images When I first learned about the Fourth Industrial Revolution (sometimes referred to as "Industry 4.0") which was originally discussed in 2016 by Klaus Schwab of the World Economic Forum, it was after this review of it came out in 2020 on Seeking Alpha suggesting that the Fourth Industrial Revolution is just beginning that I became interested in the investing aspect of this latest trend. We believe we are living through the Fourth Industrial Revolution today, and that it is driving t ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy ...

Powell Industries (POWL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this energy equipment company have returned +4.5%, compared to the Zacks S&P 500 composite's -6.7% change. During this period, the Zacks Manufacturing - Electronics industry, which Powell Industries falls in, has lost 8.8%. The key question now is: What could be the stock's f ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

Powell Industries (POWL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this energy equipment company, should get reflected in its stock price. After all, empirical research shows a strong corre ...

seraficus Introduction & Investment Thesis Powell Industries (NASDAQ:POWL) develops, designs, and manufactures custom-engineered equipment for end markets that include Oil & Gas, Petrochemicals, Electric Utility and Commercial. The stock has sizably outperformed the S&P 500 and Nasdaq 100 YTD. It reported its Q3 FY24 earnings, where revenue and diluted earnings per share grew 50% and 149% YoY, respectively, beating estimates by a huge margin. Although the company is seeing strong bookings across its end mar ...

财务业绩 - 公司收入增加50%至2.882亿美元，主要由于2023财年获得大型合同以及2024财年前9个月订单强劲[118] - 毛利增加92%至0.817亿美元，毛利率从22%提升至28%，主要由于产能利用率提高、项目执行良好以及持续提高工厂效率[119] - 销售、一般及管理费用增加12%至0.22亿美元，占收入比重从10%降至8%[120] - 净利润增加149%至0.462亿美元，每股收益从1.52美元增至3.79美元，主要由于订单质量和数量的提升[122] - 2024财年前9个月收入增加50%至7.373亿美元，毛利增加102%至1.927亿美元[124][126] - 2024财年前9个月销售、一般及管理费用增加8%至0.633亿美元，占收入比重从12%降至9%[127] - 2024财年前9个月净利润增加269%至1.038亿美元，每股收益从2.32美元增至8.52美元[129] 订单情况 - 截至2024年6月30日的在手订单为13亿美元，与2024年3月31日和2023年6月30日持平[123] - 公司预计未来12个月内将确认8.41亿美元的在手订单收入[131] 现金流和融资 - 现金、现金等价物和短期投资增加至2024年6月30日的3.74亿美元，相比2023年9月30日的2.79亿美元[135] - 现金、现金等价物和短期投资的增加主要由于项目利润率和业务量增加,以及大型项目合同付款节点的有利时机[135] - 公司相信现金、现金等价物和短期投资以及美国循环信贷额度下的可用借款将足以支持未来12个月及以后的经营活动、营运资金需求、股息支付和资本支出以及研发计划[135] - 2023年10月4日,公司与银行签订了美国循环信贷额度的第三次修订,将额度从1.25亿美元增加至1.5亿美元,并将到期日延长至2028年10月4日[135] - 截至2024年6月30日,美国循环信贷额度下无任何借款,未使用的信用额度为8,160万美元[137] - 约7,610万美元的现金、现金等价物和短期投资位于美国境外,公司有意将所有当前和未来的海外收益永久性再投资于国际业务[138] - 经营活动产生的现金流量净额从2023财年同期的1.053亿美元增加至2024财年同期的1.147亿美元,主要由于项目量和利润率提高[139] - 投资活动使用的现金从2023财年同期的1,540万美元减少至2024财年同期的1,300万美元,主要由于短期投资净购买额减少[140] - 融资活动使用的现金从2023财年同期的990万美元增加至2024财年同期的1,600万美元,主要由于支付更多的员工税收[141]

财务数据和关键指标变化 - 第三季度收入为2.88亿美元,较上年同期增长50% [37] - 新订单为3.56亿美元,较上一季度增长51% [38] - 毛利润为8.2亿美元,较上年同期增加39亿美元,毛利率为28.4%,较上年同期提高620个基点 [45] - 净利润为4620万美元,较上年同期增加一倍多 [48] - 经营活动产生的现金流为1380万美元 [49] - 现金和短期投资余额为3.74亿美元,较上年末增加9500万美元 [50] 各条业务线数据和关键指标变化 - 油气和石化行业收入分别增长56%和158% [43] - 电力公用事业和商业及其他工业行业收入分别增长30%和18% [43] - 轻轨牵引电力行业收入下降25% [44] 各个市场数据和关键指标变化 - 国内收入增长59%,国际收入增长14% [42] 公司战略和发展方向及行业竞争 - 公司持续推进产能扩张计划,包括休斯顿工厂扩建和新产品开发 [23][24][25][26][27] - 公司在能源转型项目如生物燃料、碳捕集和氢能等领域看到更多项目机会 [32] - 公司在数据中心市场的业务也有较大增长潜力 [33] - 公司在电力公用事业市场的订单量和中标率都有所提高 [34] 管理层对经营环境和未来前景的评论 - 整体市场环境保持良好,各主要行业的项目活动和新订单保持强劲 [29][30][31][33][34] - 公司有信心执行好手头的订单,并为2025财年做好准备 [51][52] 其他重要信息 - 公司应对了休斯顿地区遭受的飓风影响,并为受影响员工提供支持 [11][12][13][14] - 公司持续加大研发投入,以开发新技术和产品,支持未来增长 [27] - 公司正积极寻找并购机会,以支持长期发展战略 [72] 问答环节重要的提问和回答 问题1 **John Franzreb 提问** 询问公司产能利用情况和毛利率变化原因 [54][55][56][57][58][59][60] **Brett Cope 和 Mike Metcalf 回答** 公司产能仍有一定限制,但第三季度有一些项目结算和时间因素影响,导致毛利率有所提升,但整体来看,公司的毛利率水平较为稳定 [55][56][57][58][59] 问题2 **Jon Braatz 提问** 询问公司在各个市场的竞争优势和获取订单的原因 [78][79][80][81][82][83][84][85] **Brett Cope 回答** 公司在电力公用事业市场的分销业务和新兴电力市场有较强竞争力,在传统工业市场也凭借优秀的项目执行能力获得客户青睐 [79][80][81][82][83][84][85] 问题3 **Jon Braatz 提问** 询问公司的现金流情况和未来资本支出计划 [87][88][89][90] **Brett Cope 和 Mike Metcalf 回答** 公司现金流状况良好,未来将继续增加资本支出,包括研发投入、产能扩张和潜在的并购活动,以支持公司的长期发展 [68][69][70][71][72]

This industrial stock is ending July with a bang. After closing lower on Monday and Tuesday this week, shares of electrical solutions provider Powell Industries (POWL 38.42%) are roaring higher today after the company reported strong third-quarter results yesterday after markets closed. As of 11:30 a.m. ET on Wesnesday, shares of Powell Industries are up 30.9%. What's charging up investor excitement about the company's performance? Smashing analysts' expectations that it would report $222.2 million on the t ...