Powell Industries Q4 revenue up 26% to $163M; record backlog $592M, EPS $0.73

POWELL INDUSTRIES INC

Q4 revenue $162.7M (+26% YoY); net income $8.7M ($0.73 diluted) vs $3.3M ($0.28) last year.
Record backlog of $592M at Sep 30, 2022 (+43% YoY); Q4 new orders $259M, more than double prior year.
Full year revenue $532.6M (+13%); net income $13.7M ($1.15 diluted) vs $0.6M ($0.05) in FY2021.
Guidance: revenue growth expected in most sectors; profitability improvement anticipated for FY2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

POWELL INDUSTRIES INC reported Fiscal 2022 Fourth Quarter Ended September 30, 2022 results: revenue $163 million, net income $9 million, EPS $0.73 per diluted share.

Period: Fiscal 2022 Fourth Quarter Ended September 30, 2022
Revenue: $163 million
Net income: $9 million
EPS: $0.73 per diluted share
Result: reported results

Exact text from the filing

• Revenues totaled $163 million, an increase of 26%; • Net Income was $9 million, or $0.73 per diluted share, and included: ◦ $2 million related to a prior year cost recovery on a municipal project, generating $0.17 per diluted share;

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

POWELL INDUSTRIES INC reported Fiscal 2022 Full Year Ended September 30, 2022 results: revenue $533 million, net income $14 million, EPS $1.15 per diluted share.

Period: Fiscal 2022 Full Year Ended September 30, 2022
Revenue: $533 million
Net income: $14 million
EPS: $1.15 per diluted share
Result: reported results

Exact text from the filing

• Revenues totaled $533 million dollars, an increase of 13%; • Net Income was $14 million dollars, or $1.15 per diluted share; ◦ During Fiscal 2022, the Company had three non-recurring events, that when combined, contributed $0.80 per diluted share;

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Source: SEC EDGAR

accession 0000080420-22-000034

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