secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000080420-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000047/0000080420-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000047/powl-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000080420-23-000047

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