Powell Industries reports Q3 net income $0.76 EPS; revenue $135.5M; declares $0.26 dividend

POWELL INDUSTRIES INC

2022-Q3 EPS reported $0.42 revenue$369,907,000

Net income of $9.1M ($0.76 diluted EPS), vs net loss of $2.0M in year-ago quarter.
Revenue $135.5M, up 17% YoY from $115.8M.
New orders $202M, backlog $503M (14% sequential growth).
Includes $1.6M after-tax gain on sale of non-core division; $5.9M tax benefit.
Quarterly cash dividend $0.26/share, payable Sept 21 to record Aug 17.

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