POWELL INDUSTRIES INC

For the period ended Mar 31, 2025. Filed May 7, 2025.

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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, 2025 · Filed May 7, 2025

POWL$138.21-2.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands, except share and per share data)

	March 31, 2025	September 30, 2024
ASSETS
Current Assets:
Cash and cash equivalents	$359,542	$315,331
Short-term investments	29,750	43,061
Accounts receivable, less allowance for credit losses of $284 and $414, respectively	202,579	214,405
Contract assets	115,943	102,827
Inventories	89,016	85,873
Prepaid expenses	5,259	7,487
Other current assets	8,541	7,497
Total Current Assets	810,630	776,481
Property, plant and equipment, net	105,402	103,421
Operating lease assets, net	1,411	1,216
Goodwill and intangible assets, net	1,503	1,503
Deferred income tax assets	29,530	27,246
Other assets	16,892	18,313
Total Assets	$965,368	$928,180
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$74,514	$73,633
Contract liabilities	283,372	287,763
Accrued compensation and benefits	19,030	33,777
Accrued product warranty	6,284	5,822
Current operating lease liabilities	650	595
Income taxes payable	3,264	8,983
Other current liabilities	17,730	17,442
Total Current Liabilities	404,844	428,015
Deferred compensation	12,418	12,027
Long-term operating lease liabilities	761	621
Deferred income tax liabilities	3,721	2,708
Other long-term liabilities	2,261	1,736
Total Liabilities	424,005	445,107
Commitments and Contingencies (Note F)
Stockholders' Equity:
Preferred stock, par value $0.01; 5,000,000 shares authorized; none issued	—	—
Common stock, par value $0.01; 30,000,000 shares authorized; Shares issued: 12,874,241 and 12,795,256, respectively Shares outstanding: 12,068,223 and 11,989,238, respectively	129	128
Additional paid-in capital	60,990	70,111
Retained earnings	536,736	462,194
Treasury stock, 806,018 shares at cost	(24,999)	(24,999)
Accumulated other comprehensive loss	(31,493)	(24,361)
Total Stockholders' Equity	541,363	483,073
Total Liabilities and Stockholders' Equity	$965,368	$928,180

ContentsView on SEC.gov

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