NASDAQ$POWL

Powell Industries Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Powell Industries announced results for the fiscal 2021 second quarter ended March 31, 2021.

Powell Industries reported second-quarter revenues of $119 million and a net loss of $0.2 million, or a $0.02 loss per diluted share. The company's backlog as of March 31, 2021, totaled $437 million, and cash and short-term investments totaled $154 million.

  • Revenues totaled $119 million.
  • Backlog as of March 31, 2021 totaled $437 million.
  • Net Loss was $0.2 million, or a $0.02 loss per diluted share.
  • Cash and short-term investments as of March 31, 2021 totaled $154 million.

Headline financials

Total Revenue

$119M

Previous: $152M-21.7%
EPS (adj)

-$0.02

Previous: $0.64-103.1%
Order Backlog

$437M

Previous: $566M-22.8%
Capital Expenditures

-$1.59M

Previous: -$3.47M+54.2%
Free Cash Flow

-$1.82M

Previous: $3.95M-145.9%
Net Income

-$225K

Previous: $7.42M-103.0%
Operating Income

-$1.17M

Previous: $9.29M-112.6%
Gross Profit

$17.2M

Previous: $29.7M-42.2%
Cash & Equivalents

$134M

Previous: $121M+11.2%
Total Assets

$441M

Previous: $447M-1.3%
Stock-Based Comp

$853K

Previous: $968K-11.9%

Revenue & EPS history

Powell Industries · Revenue · Quarterly

$119M

Q2 2021-21.7%vs Q2 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Powell Industries expects a challenging environment across its core Industrial markets throughout the remainder of fiscal 2021 but maintains a positive outlook across its Utility and Traction markets. The company anticipates modest inflationary cost pressure across key commodities such as copper and steel to continue through the remainder of fiscal 2021.

Tailwinds

  • Positive outlook across Utility markets
  • Positive outlook across Traction markets.
  • Prospects of more nascent opportunities for Powell within the energy markets of hydrogen.
  • Prospects of more nascent opportunities for Powell within the energy markets of biofuels and biodiesel.
  • Select opportunities in the mining sector.

Headwinds

  • Challenging environment across core Industrial markets.
  • Modest inflationary cost pressure across key commodities such as copper.
  • Modest inflationary cost pressure across key commodities such as steel.
  • Macroeconomic conditions continue to create uncertainty across Industrial end-markets.
  • Extraordinary winter storm that adversely affected Houston based facilities for nearly a full week in February.

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 Q2 2021

Historical avgQ2 2021

+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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