secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000080420-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000005/0000080420-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000005/powl-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000080420-24-000005

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