As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electrical systems industry, including GE Vernova (NYSE: GEV) and its peers.

Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products.

The 15 electrical systems stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 4.3% while next quarter’s revenue guidance was 1.2% below.

Thankfully, share prices of the companies have been resilient as they are up 7.3% on average since the latest earnings results.

GE Vernova (NYSE: GEV)

Born from the energy business of industrial giant General Electric in a 2023 spin-off, GE Vernova (NYSE: GEV) designs, manufactures, and services power generation equipment and grid technologies to help customers build more reliable and sustainable electric systems.

GE Vernova reported revenues of $9.97 billion, up 11.8% year on year. This print exceeded analysts’ expectations by 8.9%. Overall, it was a strong quarter for the company with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.

GE Vernova delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 9.1% since reporting and currently trades at $644.11.

Is now the time to buy GE Vernova? Access our full analysis of the earnings results here, it’s free.

Best Q3: Thermon (NYSE: THR)

Creating the first packaged tracing systems, Thermon (NYSE: THR) is a leading provider of engineered industrial process heating solutions for process industries.

Thermon reported revenues of $131.7 million, up 14.9% year on year, outperforming analysts’ expectations by 10.3%. The business had a stunning quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Thermon scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 37.9% since reporting. It currently trades at $40.56.

Is now the time to buy Thermon? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Atkore (NYSE: ATKR)

Protecting the things that power our world, Atkore (NYSE: ATKR) designs and manufactures electrical safety products.

Atkore reported revenues of $752 million, down 4.6% year on year, exceeding analysts’ expectations by 2.5%. Still, it was a slower quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

Interestingly, the stock is up 4.7% since the results and currently trades at $69.66.

Read our full analysis of Atkore’s results here.

Kimball Electronics (NASDAQ: KE)

Founded in 1961, Kimball Electronics (NYSE: KE) is a global contract manufacturer specializing in electronics and manufacturing solutions for automotive, medical, and industrial markets.

Kimball Electronics reported revenues of $365.6 million, down 2.3% year on year. This result beat analysts’ expectations by 8%. Overall, it was an exceptional quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is flat since reporting and currently trades at $30.61.

Read our full, actionable report on Kimball Electronics here, it’s free.

Verra Mobility (NASDAQ: VRRM)

Aiming to wrap technology and data around a historically manual and paper-based industry, Verra Mobility (NYSE: VRRM) is a leading provider of smart mobility technology to address tolls and violations, title and registration services, as well as safety and traffic enforcement.

Verra Mobility reported revenues of $261.9 million, up 16.1% year on year. This number surpassed analysts’ expectations by 9.8%. It was an exceptional quarter as it also put up a solid beat of analysts’ revenue estimates and full-year revenue guidance exceeding analysts’ expectations.

The stock is down 4.1% since reporting and currently trades at $22.87.

Read our full, actionable report on Verra Mobility here, it’s free.

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