POWELL INDUSTRIES INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
POWL$138.21-2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share data)
| Three months ended March 31, | Six months ended March 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $255,108 | $171,444 | $449,125 | $298,302 |
| Cost of goods sold | 192,388 | 138,007 | 338,211 | 245,401 |
| Gross profit | 62,720 | 33,437 | 110,914 | 52,901 |
| Selling, general and administrative expenses | 20,947 | 21,820 | 41,294 | 38,693 |
| Research and development expenses | 2,284 | 1,543 | 4,251 | 3,044 |
| Operating income | 39,489 | 10,074 | 65,369 | 11,164 |
| Interest income, net | (4,428) | (899) | (8,426) | (1,423) |
| Income before income taxes | 43,917 | 10,973 | 73,795 | 12,587 |
| Income tax provision | 10,429 | 2,500 | 16,222 | 2,951 |
| Net income | $33,488 | $8,473 | $57,573 | $9,636 |
| Earnings per share: | ||||
| Basic | $2.79 | $0.71 | $4.81 | $0.81 |
| Diluted | $2.75 | $0.70 | $4.73 | $0.80 |
| Weighted average shares: | ||||
| Basic | 11,992 | 11,878 | 11,966 | 11,869 |
| Diluted | 12,191 | 12,149 | 12,167 | 12,109 |
| Dividends per share | $0.2650 | $0.2625 | $0.5275 | $0.5225 |
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