secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000080420-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Powell Industries Q3 rev $288M (+50% YoY), EPS $3.79; declares $0.265 dividend
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- Revenue $288M, +50% YoY; net income $46.2M ($3.79 diluted EPS) vs $18.5M ($1.52) last year.
- Gross profit $81.7M (28.4% margin) vs $42.7M (22.2%) last year; driven by volume leverage and project execution.
- New orders $356M, backlog steady at $1.3B; notable increases in Electric Utility and Petrochemical sectors.
- Oil & Gas revenue up 56% to $114.3M; Petrochemical up 158% to $56.8M; Electric Utility up 30%.
- Board declared quarterly dividend of $0.265/share, payable Sept 18 to holders of record Aug 14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000057/0000080420-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042024000057/powl-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000080420-24-000057

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