secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000080420-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/0000080420-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000026/powl-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000080420-24-000026

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