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AI brief of an SEC Form 8-K · Powell Industries (POWL)

Powell Industries fiscal Q2 revenue rises 49% to $255 million; EPS $2.75

Positive Impact 3 of 5 earnings Written later

Powell Industries reported fiscal second-quarter 2024 revenue of $255.1 million, up 49% from a year earlier, and net income of $33.5 million, or $2.75 per diluted share, versus $0.70 a year earlier. New orders fell to $235 million from $508 million, which the company attributed to two large LNG and petrochemical projects awarded in the prior-year quarter. The board also declared a quarterly dividend of $0.2650 per share.

Key points

  • Revenue $255.1 million vs. $171.4 million in fiscal Q2 2023; gross margin 24.6% vs. 19.5%
  • Net income $33.5 million, or $2.75 per diluted share, vs. $8.5 million, or $0.70, a year earlier
  • New orders $235 million vs. $508 million a year earlier; backlog steady at $1.3 billion
  • Quarterly dividend of $0.2650 per share; record date May 15, 2024; payable June 12, 2024

The filing

CompanyPowell Industries (POWL)
Form8-K, current report
Filed with the SECApr 30, 2024, 4:44 PM ET
Accession number0000080420-24-000026

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.