Financial Data and Key Metrics - Revenue in Q4 2023 grew 28% to $209 million, while full-year revenue grew 31% to $699 million [4] - Gross profit as a percentage of revenues increased by 430 basis points to 24.9% in Q4 2023 compared to the previous year [10] - Net income for Q4 2023 was $26.4 million, generating $2.17 per diluted share, compared to $8.7 million or $0.73 per diluted share in Q4 2022 [57] - Full-year net income for 2023 was $54.5 million or $4.50 per diluted share, compared to $13.7 million or $1.15 per diluted share in 2022 [48] - Operating cash flow for fiscal 2023 was $183 million, compared to a cash usage of $4 million in the prior year [43] Business Line Data and Key Metrics - Core industrial, oil and gas, and petrochemical market sectors drove strong growth in Q4 2023 [8] - Domestic revenues increased by $38 million or 28% to $171 million, while international revenues also increased by 28% to $38 million in Q4 2023 [9] - Oil and gas and petrochemical sectors grew 56% in Q4 2023, driven by higher LNG and petrochemical revenues [29] - Utility sector revenues increased by 8%, and commercial and other industrial sector revenues increased by 13% in Q4 2023 [29] Market Data and Key Metrics - The company entered fiscal 2024 with a backlog of $1.3 billion, providing durable and predictable project schedules [7] - Orders for fiscal 2024 were $1.4 billion, the highest ever recorded in a 12-month period and double the prior year [23] - Book-to-bill ratio was 0.8 times in Q4 2023, reflecting strong revenue performance offset by moderate orders [18] Company Strategy and Industry Competition - The company is focused on growing its electrical automation platform, expanding its services franchise, and diversifying its product portfolio [16] - The company is capitalizing on opportunities in the renewable markets of hydrogen, biodiesel, sustainable aviation fuel, and carbon capture [6] - The company is leveraging its products and expertise in fast-growing markets like data centers [26] Management Commentary on Operating Environment and Future Outlook - Management is confident in delivering the backlog on time and on budget, supported by favorable industry dynamics [5][27] - The company expects gross margins to remain consistent with fiscal 2023 levels in the low 20s for fiscal 2024 [14] - Management remains optimistic about the commercial momentum across core end markets throughout fiscal 2024 [44] Other Important Information - The company expanded its Houston facility to support the rise in backlog and remain competitive on future business schedules [25] - The company entered into a third amendment of its credit facility, increasing capacity to $150 million [59] - The company holds zero long-term debt and expects cash balances to build before plateauing in the middle or back half of fiscal 2024 [49] Q&A Session Summary Question: Order Booking Profile and Seasonality - The company expects a more aggressive seasonal revenue decline of around 10% in Q1 2024 compared to the typical 15% [65] - The company anticipates steady order activity but acknowledges timing uncertainties for mega projects [64] Question: Gross Margin Outlook - The company targets gross margins in the low 20s for fiscal 2024, consistent with fiscal 2023 levels [67] Question: LNG Landscape and Future Opportunities - The company remains engaged in LNG projects, including expansions and Greenfield opportunities, though timing is uncertain [79] Question: Impact of Election Year on Oil and Gas Spending - Management noted that changes in administration could impact oil and gas capital spending, particularly with regulatory shifts [83] Question: Tax Rate and CapEx Budget - The company expects an effective tax rate of 24% for fiscal 2024 [85] - CapEx spending for 2023 was $7.8 million, with potential capacity initiatives in 2024 [86] Question: Revenue Recognition Cadence - Revenue recognition is expected to follow historical trends, with Q1 being softer and Q4 being the strongest quarter [88]

Powell Industries, Inc. (NASDAQ:POWL) Q3 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Ryan Coleman - Investor Relations Brett Cope - President and Chief Executive Officer Michael Metcalf - Executive Vice President, Chief Financial Officer, Secretary, and Treasurer Conference Call Participants John Franzreb - Sidoti & Company Jon Braatz - Kansas City Capital Associates Operator Good day and welcome to the Powell Industries Fiscal Third Quarter 2023 Earnings Conference Call. A ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Commission File Number 001-12488 Powell Industries, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Financial Data and Key Metrics Changes - Total revenue in the second quarter was $171 million, which is 34% higher than the second quarter of fiscal 2022 [21] - Net income reported was $8.5 million, generating $0.70 per diluted share compared to a net loss of $1.2 million or a loss of $0.10 per diluted share in the prior year [22][58] - Gross profit increased by $14 million to $33 million, with a gross margin of 19.5%, an increase of 460 basis points compared to the same period last year [26][50] Business Line Data and Key Metrics Changes - Revenue in the oil and gas sector increased by 17%, petrochemical revenue increased by 37%, utility sector revenue jumped 40%, and the commercial and other industrial sector saw revenue nearly 4x higher [21][57] - The traction sector declined by 27% compared to the second quarter of fiscal 2022, mainly due to wrapping up a large municipal project in Canada [21] Market Data and Key Metrics Changes - Domestic revenues were higher by 54% to $134 million, while international revenues were 9% lower, driven by lower project volume across Middle East markets [8] - The book-to-bill ratio was 2.4x, resulting in a record backlog of just over $1 billion, which was $581 million higher than a year ago [7][68] Company Strategy and Development Direction - The company is focused on growing its electrical automation platform, expanding services, and diversifying its product portfolio [6] - Incremental capital improvement projects are being identified to enhance capacity and production efficiency [4] - The company is actively pursuing opportunities in LNG, gas pipeline, and gas-to-chemical sectors, as well as renewable markets like hydrogen and carbon capture [71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute the growing backlog and meet customer expectations [28] - The company is managing inflationary pressures and supply chain challenges while maintaining a strong operational performance [52][60] - The current capital cycle has resulted in extended lead times for select electrical components, but the company is managing these challenges effectively [56] Other Important Information - The company amended its credit facility with Bank of America, increasing capacity to $125 million from $75 million [9] - Cash flow from operating activities was a positive $56 million, indicating strong early project cycle performance [27] - Selling, general, and administrative expenses were $22 million, higher by $5 million due to increased performance-based compensation [75] Q&A Session Summary Question: Was there anything unusual in the quarter regarding revenue or cost? - Management indicated that there was nothing unusual; the strong performance was due to diligent cost and pricing management over the past 12 to 18 months [34] Question: Does the company have the capacity to support a $1 billion backlog? - Management confirmed that they have the capacity and have been planning for years, with investments in tools and processes to handle the increased workload [61] Question: Will the company be more selective in bidding for projects? - Management stated that they are not being selective but are focusing on delivering the best solutions for customers while managing project timelines effectively [33]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-12488 Powell Industries, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-12488 Powell Industries, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 (State or other jurisdiction of incorpor ...

Powell Industries, Inc. (NASDAQ:POWL) Q1 2023 Earnings Conference Call February 1, 2023 11:00 AM ET Company Participants Ryan Coleman - Alpha IR Group Brett Cope - President and Chief Executive Officer Michael Metcalf - Executive Vice President, Chief Financial Officer, Secretary, and Treasurer Conference Call Participants John Franzreb - Sidoti & Company Jon Braatz - Kansas City Capital Operator Welcome to the Powell Industries Earnings Conference Call. [Operator Instructions]. Please also note this event ...

Powell Industries, Inc. (NASDAQ:POWL) Q4 2022 Earnings Conference Call December 6, 2022 11:00 AM ET Company Participants Ryan Coleman - Alpha IR Group Brett Cope - President and Chief Executive Officer Mike Metcalf - Executive Vice President, Chief Financial Officer, Secretary, and Treasurer Conference Call Participants Jon Braatz - Kansas City Capital John Franzreb - Sidoti & Company John Deysher - Pinnacle Tom Spiro - Spiro capital Operator Good morning. And welcome to the Powell Industries Fiscal Fourth ...

(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the transition period from to Commission File Number 001-12488 Powell Industries, Inc. (Exact name of registrant as specified in its charter) Delaware 88-0106100 (State or other jurisdiction of incorporation or organization) 8550 Mosley Road Houston Texas 77075-1180 (Address of prin ...

Powell Industries, Inc. (NASDAQ:POWL) Q3 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Ryan Coleman - Alpha IR Group Brett Cope - Chairman, President & CEO Michael Metcalf - EVP, CFO, Secretary & Treasurer Conference Call Participants Operator Good day, and welcome to the Powell Industries Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Ryan Coleman, Investor Relations. Thank you. You ...