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

Powell Industries Q3 revenue rises 50% to $288.2 million; EPS $3.79

Positive Impact 3 of 5 earnings Written later

Powell Industries reported fiscal third-quarter 2024 revenue of $288.2 million, up 50% from a year earlier, and net income of $46.2 million, or $3.79 per diluted share, compared with $1.52 a year earlier. New orders fell to $356 million from $505 million a year earlier, and backlog held at $1.3 billion. The company also declared a quarterly cash dividend of $0.2650 per share.

Key points

  • Revenue $288.2 million, up 50% from $192.4 million; gross margin 28.4%, up from 22.2%
  • Net income $46.2 million, or $3.79 per diluted share, vs. $1.52 a year earlier
  • New orders $356 million vs. $505 million a year earlier, which the company attributed to two LNG projects awarded in the prior-year quarter
  • Quarterly dividend of $0.2650 per share, record date August 14, 2024, payable September 18, 2024

The filing

CompanyPowell Industries (POWL)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:26 PM ET
Accession number0000080420-24-000057

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 July 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.