---
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"
generated_at: "2026-06-03T05:05:27.486919+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Powell reports Q2 FY2024 net income $33.5M ($2.75 EPS), revenue up 49% to $255M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-24-000026
- JSON: https://secwatch.observer/filing/0000080420-24-000026.json
- Plain text: https://secwatch.observer/filing/0000080420-24-000026.txt

## Key facts
- Earnings Releases
  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.
  - Period: Fiscal 2024 second quarter ended March 31, 2024
  - Revenue: $255 million
  - Net income: $33 million, or $2.75 per diluted share
  - EPS: $2.75 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/0000080420-24-000026-index.htm

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