secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000080420-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Powell Q2 revenue up 34% to $171M; net income $8.5M vs loss; backlog record $1B
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- Revenue $171.4M (+34% YoY); net income $8.5M ($0.70 diluted EPS) vs net loss of $1.2M (-$0.10) last year.
- New orders $508M more than tripled; backlog record $1.0B (+50% QoQ).
- Gross margin 19.5% (+460 bps YoY); cash and short-term investments $163M.
- Declared quarterly dividend $0.2625/share, payable June 14, 2023, record May 17, 2023.
- Outlook positive: expects improved revenues and earnings in FY2023; amended credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000025/0000080420-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000025/powl-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000080420-23-000025

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