secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0000080420-22-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Powell Industries reports Q1 net loss of $2.8M; revenues flat YoY at $106.6M
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- Net loss of $2.8M ($0.24 loss per diluted share) vs. net loss of $0.4M in Q1 2021.
- Revenue of $106.6M, flat YoY; sequential decline from $129.5M in Q4 2021.
- Gross new orders of $122M, partially offset by $14M scope reductions; net orders $108M.
- Backlog of $416M; cash and short-term investments of $102M.
- Management expects margin pressure from steel and copper inflation into H2 fiscal 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042022000005/0000080420-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042022000005/powl-20220208.htm
  HTML page:      https://secwatch.observer/filing/0000080420-22-000005

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