{"schema_version":"secwatch.filing_event.v1","accession":"0000080420-24-000026","form_type":"8-K","ticker":"POWL","cik":"0000080420","company_name":"POWELL INDUSTRIES INC","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.018264+00:00","generated_at":"2026-06-03T05:05:27.486919+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Powell reports Q2 FY2024 net income $33.5M ($2.75 EPS), revenue up 49% to $255M","bullets":["Revenue $255.1M (+49% YoY); gross margin 24.6% (up 510 bps from 19.5%).","Net income $33.5M vs $8.5M YoY; diluted EPS $2.75 vs $0.70.","New orders $235M (down 54% YoY but +19% sequentially); backlog $1.3B (+25% YoY).","Cash and short-term investments $365M; declares $0.2650/share dividend payable June 12.","CFO expects strong performance to sustain into FY2025; capacity expansion on track."],"urls":{"canonical":"https://secwatch.observer/filing/0000080420-24-000026","json":"https://secwatch.observer/filing/0000080420-24-000026.json","markdown":"https://secwatch.observer/filing/0000080420-24-000026.md","text":"https://secwatch.observer/filing/0000080420-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/0000080420-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/powl-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:05:27.486919+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"caf35d9fbc7f3e4748e9007d532288e8a40363d1","claim":"POWELL INDUSTRIES INC reported Fiscal 2024 second quarter ended March 31, 2024 results: revenue $255 million, net income $33 million, or $2.75 per diluted share, EPS $2.75 per diluted share.","evidence_excerpt":"2024 second quarter ended March 31, 2024. All comparisons are to the second quarter of Fiscal 2023, unless otherwise noted. Second Quarter Key Highlights: • Revenues totaled $255 million, an increase of 49%; • Gross profit of $63 million, or 24.6% of revenue, a 510 basis point improvement; • Net income of $33 million, or $2.75 per diluted share; • New orders (1)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/0000080420-24-000026-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal 2024 second quarter ended March 31, 2024"},{"label":"Revenue","value":"$255 million"},{"label":"Net income","value":"$33 million, or $2.75 per diluted share"},{"label":"EPS","value":"$2.75 per diluted share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}