Business Wednesday, Aug 26

William Shelmire

Good morning. My name is William Shelmire, and I’m an account manager here at Three Part Advisors. And I want to thank you all for joining us for our 17th Annual Midwest IDEAS Conference. To start things off today, we have Powell Industries, which trades on NASDAQ under the ticker symbol POWL. Representing the company today is their Executive Vice President and CFO, Michael Metcalf. Michael?

Michael Metcalf
Executive VP, CFO, Secretary & Principal Accounting Officer

Thank you, William, and it’s good to be back in Chicago again. We haven’t been doing this for 17 years, but I think this is our third or fourth year consecutively at the conference. And, we really like the conference, so it’s good to be back. Again, my name is Mike Metcalf, CFO at Powell Industries. And I’ll take you through what — where we came — where we grew up, where we come from, what we sell and a little bit of the financial perspective.

We’re 80 years old, nearly 80 years old, 79 to be exact. And we make low and medium-voltage switchgear, predominantly based in the U.S. I’ll get into that in a few slides. Last year, we generated a little over $1 billion of revenue. As we sit here today, we just reported our third quarter results, and we’re at about $860 million. So we’re well on our way to eclipse what we did in fiscal 2025.

We’ve got a global footprint. Most of our manufacturing facilities are in the United States, 5 in the U.S., we have a large Canadian operation and an operation

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