By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. While the historical EPS growth rate for Powell Industries is 48.6%, investors should actually ...

Powell Industries (POWL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this energy equipment company have returned +35.5%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Manufacturing - Electronics industry, which Powell Industries falls in, has gained 5.8%. The key question now is: What could b ...

Financial Data and Key Metrics Changes - The company reported total revenue of $255 million for the second quarter, a 49% increase compared to $171 million in the same period of fiscal 2023 [51][24] - Gross profit increased by $29 million to $63 million, with gross profit as a percentage of revenue rising by 510 basis points to 24.6% [55][27] - Net income reached $33.5 million, or $2.75 per diluted share, compared to $8.5 million, or $0.70 per diluted share, in the prior year [29][56] Business Line Data and Key Metrics Changes - New orders totaled $235 million, reflecting a 54% decrease year-over-year due to the absence of mega projects in the current quarter [51][25] - Revenue from the Oil and Gas sector grew by 66%, while the Petrochemical sector nearly doubled with a 93% increase [54][26] - The Electrical Utility and Commercial and Other Industrial sectors saw revenue increases of 11% and 57%, respectively [54][48] Market Data and Key Metrics Changes - Domestic revenues improved by 62% to $217 million, while international revenues increased by 2% to $38 million, driven by project volume at the Canadian facility [53][54] - The backlog remained strong at approximately $1.3 billion, reflecting a $255 million increase year-over-year [52][29] Company Strategy and Development Direction - The company is focused on growing in tangential end markets and maintaining strength in core Industrial end markets [15][41] - Expansion initiatives include the completion of the Houston facility and ongoing expansion of the electrical products factory, expected to be completed by mid-fiscal 2025 [30][50] - The company aims to enhance its presence in the data center market by providing customized and fully integrated solutions [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about project activity and new orders, despite some macroeconomic uncertainties affecting the LNG market [15][31] - The outlook for the Utility market is positive, with expectations for increased utility projects to meet growing power generation demands [33][41] - The company remains committed to maintaining productivity and managing costs effectively [3][68] Other Important Information - The company has a strong balance sheet with $365 million in cash and short-term investments, with no debt [14][29] - Selling, general, and administrative expenses were $21 million, lower by $1 million compared to the previous year [56] Q&A Session Summary Question: What are the quarterly book-to-burn numbers? - Management indicated that the book-to-bill ratio was 0.9 times in the current quarter, with stable activity levels [52][57] Question: How is the company addressing cash usage as jobs ramp up? - The company consumed approximately $20 million of capital for working capital this quarter, anticipating cash inflows to maintain the cash balance [4][14] Question: What is the outlook for international markets? - Management noted potential resurgence in the Middle East and opportunities in Africa, indicating a positive outlook for international growth [58][59] Question: Can you elaborate on the data center market opportunities? - The company is working to penetrate the data center market more deeply, focusing on customized solutions and building relationships with key players [60][62]

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, 2024 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 ...

Exhibit 99.1 were well-balanced across the markets we serve, keeping our backlog essentially unchanged at $1.3 billion. Overall, we are encouraged by both our financial performance in the first half of the year as well as the activity levels within each of the markets we serve." Second Quarter 2024 Results PRESS RELEASE For Immediate Release Contacts: Michael W. Metcalf, CFO Powell Industries, Inc. 713-947-4422 Robert Winters or Ryan Coleman Alpha IR Group POWL@alpha-ir.com 312-445-2870 POWELL INDUSTRIES AN ...

Powell Industries, Inc. (NASDAQ:POWL) Q1 2024 Earnings Conference Call January 31, 2024 11:00 AM ET Company Participants Ryan Coleman - Alpha IR Brett Cope - Chairman & CEO Mike Metcalf - CFO Conference Call Participants John Franzreb - Sidoti & Company Jon Braatz - Kansas City Capital Associates John Deysher - Pinnacle Operator Good morning, and welcome to the Powell Industries' Fiscal First Quarter 2024 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After t ...

Revenue Growth - Revenues increased by 53%, or $67.2 million, to $194.0 million in Q1 Fiscal 2024, driven by a rise in project backlog from large contracts awarded in Fiscal 2023[94] - Domestic revenues rose by 60%, or $59.7 million, to $159.9 million, while international revenues increased by 28%, or $7.4 million, to $34.1 million in Q1 Fiscal 2024[94] - Approximately $713 million of the backlog is expected to be recognized as revenue within the next twelve months, indicating strong future revenue potential[102] Profitability - Gross profit surged by 148%, or $28.7 million, to $48.2 million, with gross profit as a percentage of revenues increasing to 25% from 15% year-over-year[97] - Net income for Q1 Fiscal 2024 was $24.1 million, or $1.98 per diluted share, compared to $1.2 million, or $0.10 per diluted share, in Q1 Fiscal 2023[100] Expenses and Cash Flow - Selling, general and administrative expenses increased by 21%, or $3.5 million, to $20.3 million, but as a percentage of revenues decreased to 10% from 13% year-over-year[98] - Operating activities generated net cash of $83.9 million in Q1 Fiscal 2024, compared to a net cash usage of $0.5 million in the same period of Fiscal 2023[109] - Cash, cash equivalents, and short-term investments rose to $355.3 million at December 31, 2023, up from $279.0 million at September 30, 2023[105] Order Backlog - The order backlog remained at $1.3 billion as of December 31, 2023, reflecting a 91% increase from $679.8 million at December 31, 2022[101] Market and Risk Factors - The company continues to focus on diversifying its project portfolio beyond core oil, gas, and petrochemical sectors, with positive trends in utility and commercial markets[92] - The company is subject to market risk from fluctuating prices of raw materials, which may impact future earnings and cash flows[116] - A hypothetical 100 basis point increase in variable interest rates could have a material impact on financial statements if borrowings were made under the U.S. Revolver[120] - The company had no outstanding borrowings under the U.S. Revolver as of December 31, 2023, thus not experiencing significant interest rate risk[120] Foreign Exchange and Comprehensive Loss - For the three months ended December 31, 2023, the company experienced a realized foreign exchange loss of $0.2 million[117] - As of December 31, 2023, the accumulated other comprehensive loss was $23.8 million, a decrease of $3.1 million compared to September 30, 2023[118] - The company does not typically hedge against potential foreign currency translation adjustments[119]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (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, 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) Delaware 88-0106100 (State or other jurisdictio ...

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 ...