---
schema_version: "secwatch.filing_event.v1"
accession: "0000080420-24-000005"
form_type: "8-K"
ticker: "POWL"
cik: "0000080420"
company_name: "POWELL INDUSTRIES INC"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:30:10.820184+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Powell Industries Q1 revenue up 53% to $194M, EPS $1.98 vs $0.10; dividend raised 1%

## Summary
- Revenue $194M (+53% YoY); net income $24.1M ($1.98 diluted EPS) vs $1.2M ($0.10) a year ago.
- Gross margin 24.8% vs 15.3% YoY; improvement of 950 bps.
- New orders $198M; backlog nearly doubled to $1.3B from $680M.
- Cash and short-term investments $355M as of Dec 31, 2023.
- Quarterly dividend raised to $0.2650/share (annualized $1.06), payable March 13, 2024.

## SEC filing metadata
- accession: 0000080420-24-000005
- form_type: 8-K
- ticker: POWL
- cik: 0000080420
- company_name: POWELL INDUSTRIES INC
- filed_at: 2024-01-30T23:59:59+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/80420/000008042024000005/0000080420-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80420/000008042024000005/powl-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-24-000005
- JSON: https://secwatch.observer/filing/0000080420-24-000005.json
- Plain text: https://secwatch.observer/filing/0000080420-24-000005.txt

## Key facts
- Earnings Releases
  POWELL INDUSTRIES INC reported fiscal 2024 first quarter ended December 31, 2023 results: revenue $194 million, net income $24 million, or $1.98 per diluted share.
  - Period: fiscal 2024 first quarter ended December 31, 2023
  - Revenue: $194 million
  - Net income: $24 million, or $1.98 per diluted share
  - Result: reported results
  source text: Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. First Quarter Key Highlights: • Revenues totaled $194 million, an increase of 53%; • Gross profit of $48 million, or 24.8% of revenue, an improvement of 950 basis points; • Net Income of $24 million, or $1.98 per diluted share;
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042024000005/0000080420-24-000005-index.htm

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