Powell Industries Q4 revenue up 28% to $209M; EPS $2.17; backlog $1.3B

POWELL INDUSTRIES INC

Q4 revenue $208.6M (+28% YoY); net income $26.4M ($2.17 diluted EPS) incl $0.22 unusual benefit.
Full-year revenue $699.3M (+31%); net income $54.5M ($4.50 diluted EPS) vs $1.15 in FY2022.
Full-year new orders $1.4B (double prior year); backlog $1.3B at Sep 30, 2023 (+118% YoY).
Full-year gross margin improved 510 bps to 21.1%; cash and short-term investments $279M.
Outlook: Fiscal 2024 margins expected similar to 2023; strong commercial outlook across end markets.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

POWELL INDUSTRIES INC reported fiscal 2023 fourth quarter and full year ended September 30, 2023 results: revenue $209 million, net income $26 million, EPS $2.17 per diluted share.

Period: fiscal 2023 fourth quarter and full year ended September 30, 2023
Revenue: $209 million
Net income: $26 million
EPS: $2.17 per diluted share
Result: reported results

Exact text from the filing

year ended September 30, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. Fourth Quarter Key Highlights: • Revenues totaled $209 million, an increase of 28%; • Gross profit was $52 million, or 24.9% of revenue, an improvement of 430 basis points; • Net Income was $26 million, or $2.17 per diluted share, and

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Source: SEC EDGAR

accession 0000080420-23-000047

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