---
schema_version: "secwatch.filing_event.v1"
accession: "0000080420-23-000047"
form_type: "8-K"
ticker: "POWL"
cik: "0000080420"
company_name: "POWELL INDUSTRIES INC"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:24:47.862407+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000080420-23-000047
- form_type: 8-K
- ticker: POWL
- cik: 0000080420
- company_name: POWELL INDUSTRIES INC
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80420/000008042023000047/0000080420-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80420/000008042023000047/powl-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-23-000047
- JSON: https://secwatch.observer/filing/0000080420-23-000047.json
- Plain text: https://secwatch.observer/filing/0000080420-23-000047.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000047/0000080420-23-000047-index.htm

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