NASDAQ$POWL

Powell Industries Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Powell Industries reported improved second quarter results driven by strategic efforts to diversify business mix and broaden service offerings.

Powell Industries announced fiscal 2022 second quarter results with revenues totaling $128 million. The company reported a net loss of $1.2 million, or a loss of $0.10 per diluted share. New orders totaled $151 million, and backlog reached $440 million. Cash and short-term investments totaled $114 million.

  • Revenues totaled $128 million.
  • Net loss was $1.2 million, or a loss of $0.10 per diluted share.
  • New orders totaled $151 million.
  • Backlog as of March 31, 2022 totaled $440 million.

Headline financials

Total Revenue

$128M

Previous: $119M+7.7%
EPS (adj)

-$0.10

Previous: -$0.02-400.0%
Order Backlog

$440M

Previous: $437M+0.7%
Capital Expenditures

-$1.12M

Previous: -$1.59M+29.8%
Free Cash Flow

-$2.33M

Previous: -$1.82M-28.5%
Net Income

-$1.22M

Previous: -$225K-440.9%
Operating Income

$303K

Previous: -$1.17M+126.0%
Gross Profit

$19.1M

Previous: $17.2M+11.3%
Cash & Equivalents

$86.4M

Previous: $134M-35.5%
Total Assets

$440M

Previous: $441M-0.2%
Stock-Based Comp

$712K

Previous: $853K-16.5%

Revenue & EPS history

Powell Industries · Revenue · Quarterly

$128M

Q2 2022+7.7%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Powell anticipates that profitability will continue to improve as they progress through the second half of fiscal 2022 as pricing, factory efficiencies and cost controls gain momentum, while continuing to execute on their $440 million order book.

Tailwinds

  • Core industrial end markets will continue to steadily recover.
  • Strength across the utility and light commercial end markets.
  • Consolidated 1.2x book-to-bill ratio in the fiscal second quarter.
  • Proactive actions in order to help offset these headwinds.
  • Profitability will continue to improve as we progress through the second half of fiscal 2022 as pricing, factory efficiencies and cost controls gain momentum.

Headwinds

  • Current inflationary environment.
  • Dominated by supply chain constraints.

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 2022

Historical avgQ2 2022

+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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