NASDAQ$POWL
Powell Industries Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Powell Industries reported solid third quarter results, recovering from pandemic challenges and supply chain disruptions. Achieved the highest quarterly new orders in over two years, driven by broad market activity.
Powell Industries announced fiscal 2022 third quarter results with revenues totaling $135 million. Net income was $9 million, or $0.76 per diluted share, including a gain on the sale of a non-core division and a non-recurring tax benefit. New orders totaled $202 million, and backlog reached $503 million. The company is optimistic about ongoing recovery and strong financial footing.
- Revenues totaled $135 million.
- Net Income was $9 million, or $0.76 per diluted share, including gains from the sale of a non-core division and a non-recurring tax benefit.
- New orders totaled $202 million, marking the highest quarterly total in over two years.
- Backlog as of June 30, 2022, totaled $503 million, reflecting sequential growth of 14%.
Headline financials
Revenue & EPS history
Powell Industries · Revenue · Quarterly
$135M
Forward guidance
The company anticipates gradually improving profitability as pricing, factory efficiencies, and cost controls continue to gain traction, further enabling the execution of a strong and growing order book. They are optimistic that the recovery across core end markets will persist in the coming quarters.
Tailwinds
- Ongoing recovery across core end markets.
- Positive momentum in Utility and Commercial markets.
- Strong backlog closing the third quarter at $503 million.
- Steady progress offsetting headwinds through pricing actions.
- Efficiency improvements and strong supplier partnerships.
Headwinds
- Macro inflationary pressure.
- Component availability challenges.
- Disruptions to the global supply chain.
- Continued impact of the pandemic.
- Unspecified risks related to forward-looking statements.
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 Q3 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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro