secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0000080420-26-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Powell Industries Q2 Fiscal 2026 Revenue Up 6%, New Orders Surge 97%
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- Revenue reached $297 million, up 6% year-over-year; gross profit of $88 million at 29.6% margin.
- Net income of $45.9 million ($1.25 per diluted share) declined 1% due to higher SG&A and R&D costs.
- New orders totaled $490 million, a 97% increase; backlog rose to $1.8 billion, up 33%.
- Subsequent to quarter end, awarded a mega data center order exceeding $400 million, the largest in company history.
- Cash and short-term investments stood at $545 million as of March 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042026000063/0000080420-26-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042026000063/powl-20260504.htm
  HTML page:      https://secwatch.observer/filing/0000080420-26-000063

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