secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000080420-22-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Powell Industries Q2 revenue $128M, net loss $1.2M; new orders $151M up 70% YoY
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- Net loss $1.2M ($0.10/diluted share) vs loss $2.8M in Q1; tax provision on higher expected FY income.
- Revenue $127.9M vs $118.7M YoY; gross margin 14.9% improved 230 bps sequentially.
- New orders $151M, backlog $440M (+6% sequentially); book-to-bill 1.2x.
- Cash & short-term investments $114M as of March 31, 2022.
- Management expects profitability improvement in H2 FY2022 on pricing, factory efficiencies, cost controls.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042022000016/0000080420-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042022000016/powl-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000080420-22-000016

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