---
schema_version: "secwatch.filing_event.v1"
accession: "0000080420-23-000036"
form_type: "8-K"
ticker: "POWL"
cik: "0000080420"
company_name: "POWELL INDUSTRIES INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:48:17.240205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Powell Industries Q3 revenue up 42% to $192M; record backlog of $1.3B; declares $0.2625 dividend

## Summary
- Net income $18.5M ($1.52 diluted EPS) vs $9.1M ($0.76) a year ago; prior year included $7.5M non-recurring items.
- Gross margin improved 810 bps to 22.2%; new orders totaled $505M vs $202M in prior year.
- Backlog nearly tripled to record $1.3B, up 31% sequentially; cash and short-term investments $210M.
- Board declared quarterly cash dividend of $0.2625 per share, payable Sept 20 to record Aug 16.

## SEC filing metadata
- accession: 0000080420-23-000036
- form_type: 8-K
- ticker: POWL
- cik: 0000080420
- company_name: POWELL INDUSTRIES INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80420/000008042023000036/0000080420-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80420/000008042023000036/powl-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-23-000036
- JSON: https://secwatch.observer/filing/0000080420-23-000036.json
- Plain text: https://secwatch.observer/filing/0000080420-23-000036.txt

## Key facts
- Earnings Releases
  POWELL INDUSTRIES INC reported fiscal 2023 third quarter ended June 30, 2023 results: revenue $192 million, net income $19 million, or $1.52 per diluted share, EPS $1.52 per diluted share.
  - Period: fiscal 2023 third quarter ended June 30, 2023
  - Revenue: $192 million
  - Net income: $19 million, or $1.52 per diluted share
  - EPS: $1.52 per diluted share
  - Result: reported results
  source text: June 30, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. Fiscal Third Quarter Key Highlights: • Revenues increased 42% to $192 million; • Backlog (1) nearly tripled to a record $1.3 billion; • New orders (2) totaled $505 million, an increase of $303 million; • Gross margin improved 810 basis points to 22.2%; •
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000036/0000080420-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.