secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000080420-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Powell Industries Q1 revenue up 19% YoY, backlog record $680M, net income $0.10/share vs loss year ago
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- Revenue $126.9M, up 19%; net income $1.2M ($0.10 diluted) vs net loss $2.8M ($0.24 loss) prior year.
- Backlog record $680M (+63% YoY); new orders $212M, nearly doubled; book-to-bill 1.7x.
- Gross margin improved 270 bps to 15.3% from 12.6%.
- Dividend raised 1% to $0.2625 quarterly ($1.05 annual), payable March 15, 2023 to holders of record Feb 15, 2023.
- Management confident in revenue and earnings growth for fiscal 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000004/0000080420-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000004/powl-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000080420-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer