NASDAQ$POWL
Powell Industries Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Powell Industries reported Q4 2023 results with revenue increase and improved profitability.
Powell Industries announced strong Q4 2023 results, with a 28% increase in revenues, improved gross profit margin, and a significant rise in net income. The company's backlog also saw substantial growth, reflecting healthy order activity.
- Revenues increased by 28% to $209 million.
- Gross profit margin improved by 430 basis points to 24.9%.
- Net income reached $26 million, or $2.17 per diluted share, including a $0.22 benefit from unusual items.
- Backlog increased by 118% to $1.3 billion.
Headline financials
Revenue & EPS history
Powell Industries · Revenue · Quarterly
$209M
Forward guidance
Powell anticipates continued commercial strength across core end markets throughout Fiscal 2024 and expects Fiscal 2024 margins to be similar to Fiscal 2023.
Tailwinds
- Continued strength commercially across core end markets.
- Strengthening operating leverage.
- Implementation of commercial levers to grow and protect margin profile.
- Strong commercial outlook across most end markets.
- Strong liquidity position and balance sheet.
Headwinds
- Normal seasonality impact in fiscal first quarter.
- Navigating through Fiscal 2024 while executing growing backlog.
- Assessing the quality and mix of backlog.
- Staying power of commercial improvements implemented.
- No specific EPS or revenue guidance provided.
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 Q4 2023
+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% | — | — |
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