John D. White
John D. White tendered his resignation from the Board, effective at the Company’s 2024 annual meeting of stockholders (the end of his then current term), which was held on February 14, 2024
Highest-materiality recent filing
Powell Industries Q3 revenue $312M (+9% YoY); new orders surge 158% to $934M
Net income $52.2M ($1.42 diluted EPS), up 8% YoY; gross margin 30.6%.
Compensation Committee approved special one-time RSU award of 36,000 shares to President and CEO Brett A. Cope on July 1, 2026.
Powell Industries Q2 Fiscal 2026 Revenue Up 6%, New Orders Surge 97%
Revenue reached $297 million, up 6% year-over-year; gross profit of $88 million at 29.6% margin.
Powell Industries Q1 net income up 19% to $41.4M; orders surge 63% to $439M
Revenue $251M, up 4% YoY; gross margin 28.4% vs 24.7% prior year.
Powell Industries Q4 EPS $4.22 (+12% YoY); revenue $298M (+8%); backlog $1.4B
Q4 net income $51.4M ($4.22 diluted EPS) vs $46.1M ($3.77) prior year; gross margin 31.4% vs 29.2%.
Powell Q3 EPS $3.96, orders $362M, backlog $1.4B; acquires Remsdaq for substation automation
Q3 FY2025: net income $48.2M ($3.96 diluted EPS) vs $46.2M ($3.79) YoY; revenue $286.3M, essentially flat.
Powell Industries Q2 FY2025 net income $46.3M ($3.81 EPS), revenue $279M, gross margin 29.9%
Revenues $278.6M (+9% YoY); net income $46.3M ($3.81 diluted EPS) +38% YoY.
Powell Industries Q1 FY2025 revenue $241M (+24% YoY), EPS $2.86 (+44% YoY), new orders $269M (+36%)
Revenue $241M (+24% YoY); gross profit $59.5M (24.7% margin); net income $34.8M ($2.86 diluted EPS, +44%).
Powell Industries Q4 EPS $3.77, revenue $275M (+32% YoY); FY2024 revenue $1.0B, EPS $12.29
Net income Q4 $46.1M ($3.77 diluted EPS) vs $26.4M ($2.17) YoY, up 74%.
Powell Industries Q3 rev $288M (+50% YoY), EPS $3.79; declares $0.265 dividend
Revenue $288M, +50% YoY; net income $46.2M ($3.79 diluted EPS) vs $18.5M ($1.52) last year.
Powell reports Q2 FY2024 net income $33.5M ($2.75 EPS), revenue up 49% to $255M
Revenue $255.1M (+49% YoY); gross margin 24.6% (up 510 bps from 19.5%).
Powell Industries Q1 revenue up 53% to $194M, EPS $1.98 vs $0.10; dividend raised 1%
Revenue $194M (+53% YoY); net income $24.1M ($1.98 diluted EPS) vs $1.2M ($0.10) a year ago.
Powell Industries Q4 revenue up 28% to $209M; EPS $2.17; backlog $1.3B
Q4 revenue $208.6M (+28% YoY); net income $26.4M ($2.17 diluted EPS) incl $0.22 unusual benefit.
Powell Industries Q3 revenue up 42% to $192M; record backlog of $1.3B; declares $0.2625 dividend
Net income $18.5M ($1.52 diluted EPS) vs $9.1M ($0.76) a year ago; prior year included $7.5M non-recurring items.
Powell Q2 revenue up 34% to $171M; net income $8.5M vs loss; backlog record $1B
Revenue $171.4M (+34% YoY); net income $8.5M ($0.70 diluted EPS) vs net loss of $1.2M (-$0.10) last year.
Revenue $126.9M, up 19%; net income $1.2M ($0.10 diluted) vs net loss $2.8M ($0.24 loss) prior year.
Powell Industries Q4 revenue up 26% to $163M; record backlog $592M, EPS $0.73
Q4 revenue $162.7M (+26% YoY); net income $8.7M ($0.73 diluted) vs $3.3M ($0.28) last year.
Powell Industries reports Q3 net income $0.76 EPS; revenue $135.5M; declares $0.26 dividend
Net income of $9.1M ($0.76 diluted EPS), vs net loss of $2.0M in year-ago quarter.
Perry L. Elders resigned as director and audit committee chair, effective May 10, 2022.
Powell Industries Q2 revenue $128M, net loss $1.2M; new orders $151M up 70% YoY
Net loss $1.2M ($0.10/diluted share) vs loss $2.8M in Q1; tax provision on higher expected FY income.
Powell Industries reports Q1 net loss of $2.8M; revenues flat YoY at $106.6M
Net loss of $2.8M ($0.24 loss per diluted share) vs. net loss of $0.4M in Q1 2021.
Powell Industries Q4 FY2021 revenue $129.5M, EPS $0.28; FY net income $0.6M
Q4 FY2021 revenue $129.5M, net income $3.3M ($0.28 diluted EPS).
Powell Industries Q3 net loss of $2.0M ($0.17/diluted); declares $0.26 dividend
Revenue $115.8M, net loss $2.0M ($0.17 loss per diluted share) vs prior year net income $3.5M ($0.30 EPS).
John D. White tendered his resignation from the Board, effective at the Company’s 2024 annual meeting of stockholders (the end of his then current term), which was held on February 14, 2024
On January 5, 2024, Milburn E. Honeycutt retired from his positions as Vice President, Corporate Controller and Chief Accounting Officer of Powell Industries, Inc.
In connection with Mr. Honeycutt’s retirement, the Company designated Michael W. Metcalf, Executive Vice President and Chief Financial Officer, as the Company’s principal accounting officer effective January 5, 2024.
On April 3, 2023, Powell Industries, Inc. (the “Company”) received notification from Milburn E. Honeycutt, Vice President, Corporate Controller and Chief Accounting Officer of the Company, that Mr. Honeycutt intends to retire effective as of January 5, 2024.
On May 10, 2022, Perry L. Elders resigned from the board of directors (the “Board”) of Powell Industries, Inc. (the “Company”) and all committees thereof effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event earnings