NASDAQ$POWL

Powell Industries Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Powell Industries reported first quarter results for fiscal year 2020, with increased revenues and a return to profitability.

Powell Industries reported a strong first quarter for fiscal year 2020, with revenues increasing to $134.2 million and a net income of $2.8 million, or $0.24 per diluted share. The company's backlog also increased to $426 million.

  • Revenues increased to $134.2 million compared to $109.4 million in the first quarter of fiscal 2019.
  • Net income was $2.8 million, or $0.24 per diluted share, compared to a net loss of $2.7 million, or $0.23 per diluted share, for the first quarter of fiscal 2019.
  • New orders totaled $137 million compared to $172 million in the first quarter of fiscal 2019.
  • Backlog as of December 31, 2019 was $426 million, compared to $322 million as of December 31, 2018.

Headline financials

Total Revenue

$134M

Previous: $109M+22.7%
EPS (adj)

$0.24

Previous: -$0.23+204.3%
Order Backlog

$426M

Previous: $322M+32.3%
Capital Expenditures

-$2.4M

Previous: -$764K-214.4%
Free Cash Flow

$373K

Previous: -$3.46M+110.8%
Net Income

$2.78M

Previous: -$2.7M+203.0%
Operating Income

$3.02M

Previous: -$3.04M+199.5%
Gross Profit

$21.8M

Previous: $14.6M+49.2%
Cash & Equivalents

$121M

Previous: $55M+119.9%
Total Assets

$466M

Previous: $410M+13.8%
Stock-Based Comp

$982K

Previous: $1.22M-19.5%

Revenue & EPS history

Powell Industries · Revenue · Quarterly

$134M

Q1 2020+22.7%vs Q1 2019
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Powell Industries is committed to delivering another successful year from a profitability perspective, while investing in future growth opportunities by leveraging research and development investment in technology programs throughout 2020.

Tailwinds

  • Best fiscal first quarter profitability since fiscal 2014.
  • Driven by $134 million of revenue.
  • Revenue generated predominately across core oil, gas and petrochemical end markets.
  • Committed to delivering another successful year from a profitability perspective.
  • Investing in future growth opportunities by leveraging R&D investment in technology programs throughout 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+3.0%

Avg return

Earnings day

+6.4%

Avg return

5 days after

+8.5%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+48.5%

Q1 2024

Best reaction

-18.3%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+19.1%+9.2%-3.5%
Q1 2026+16.3%+24.0%+6.7%
Q4 2025-11.2%-6.7%+3.5%
Q2 2025-8.1%-1.2%+0.4%
Q1 2025-6.5%-14.5%-33.5%
Q4 2024-9.4%+0.3%-15.8%
Q3 2024+33.3%+11.4%+18.2%
Q2 2024+13.6%+6.9%+37.6%
Q1 2024+48.5%+54.0%+132.0%
Q4 2023-8.7%-5.4%-7.7%
Q3 2023+40.7%+34.9%+38.2%
Q2 2023+22.0%+23.5%+43.6%
Q1 2023+16.6%+19.7%+17.0%
Q4 2022+23.0%+35.8%+35.1%
Q3 2022+3.8%+3.6%-5.8%
Q2 2022+16.5%+16.9%+39.2%
Q1 2022-17.8%-20.6%-24.4%
Q4 2021+11.7%+13.7%+18.9%
Q3 2021-4.1%-4.7%-11.3%
Q2 2021-0.0%+1.5%-4.3%
Q1 2021-2.7%-2.6%+6.4%
Q4 2020+7.0%+2.4%+19.0%
Q3 2020+1.7%+6.0%-1.1%
Q2 2020+15.5%+15.0%+27.2%
Q1 2020-8.4%-8.9%-24.5%
Q4 2019+14.1%+26.7%+22.3%
Q3 2019+8.5%+9.3%+4.9%
Q2 2019+14.2%+17.3%+18.6%
Q1 2019+5.8%+5.8%-1.8%
Q4 2018-6.5%-10.1%+2.6%
Q3 2018+8.3%+8.9%+3.4%
Q2 2018+14.9%+15.7%+16.9%
Q1 2018-1.7%-5.9%-7.0%
Q4 2017-2.5%-3.5%+1.4%
Q3 2017-4.2%-5.6%-18.3%
Q2 2017-1.3%-2.0%-3.5%
Q1 2017-9.0%-9.6%-15.8%
Q4 2016-10.2%-10.9%-11.7%
Q3 2016-1.7%+0.1%+9.1%
Q2 2016+3.7%
Q1 2016-8.8%
Q4 2015-18.3%
Q3 2015-7.8%
Q2 2015+5.8%
Q1 2015-10.2%
Q4 2014+10.8%
Q3 2014-8.3%
Q2 2014-1.3%
Q1 2014+0.2%
Q4 2013+0.0%
Q3 2013+1.5%
Q2 2013-3.6%
Q1 2013+16.1%
Q4 2012-0.2%
Q3 2012+7.5%
Q2 2012+8.0%
Q1 2011-10.9%
Q1 2012+3.2%
Q4 2011-6.5%
Q4 2009-6.5%
Q2 2011-6.5%
Q3 2011-2.4%
Q3 2010-2.4%
Q4 2010-2.4%
Q2 2010-4.9%

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