POWELL INDUSTRIES FILES 8-K ON FINANCIAL RESULTS, OTHER EVENTS
Ticker: POWL · Form: 8-K · Filed: Jan 30, 2024 · CIK: 80420
| Field | Detail |
|---|---|
| Company | Powell Industries Inc (POWL) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.2650 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, corporate-update, 8-K
TL;DR
**POWL just dropped an 8-K, likely earnings or a big update, so watch for details.**
AI Summary
On January 30, 2024, Powell Industries, Inc. filed an 8-K report to disclose its financial results and other events. This filing, under Commission File Number 001-12488, indicates that the company is providing an update on its operations and financial condition. For investors, this matters because it offers a timely snapshot of the company's performance, which can influence stock price and future investment decisions.
Why It Matters
This filing provides investors with current information on Powell Industries' financial health and any significant events, which is crucial for making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K filing is a routine disclosure of financial results and other events, which is standard for public companies and does not inherently indicate high risk.
Analyst Insight
A smart investor would review the full content of the 8-K filing, once available, to understand the specific details of the 'Results of Operations and Financial Condition' and 'Other Events' to assess the company's current performance and any material changes.
Key Players & Entities
- POWELL INDUSTRIES, INC. (company) — the registrant filing the 8-K
- January 30, 2024 (date) — the date of the earliest event reported
- 001-12488 (other) — Commission File Number for Powell Industries, Inc.
- Delaware (other) — State of incorporation for Powell Industries, Inc.
- 88-0106100 (other) — I.R.S. Employer Identification Number for Powell Industries, Inc.
- 8550 Mosley Road Houston Texas 77075-1180 (other) — Address of principal executive offices for Powell Industries, Inc.
- 713-944-6900 (other) — Registrant’s Telephone Number for Powell Industries, Inc.
- Common Stock, par value $0.01 per share (other) — Title of each class of securities registered
- POWL (other) — Trading Symbol for Powell Industries, Inc.
- Nasdaq Global Market (other) — Name of each exchange on which securities are registered
FAQ
What is the purpose of this 8-K filing by Powell Industries, Inc.?
This 8-K filing by Powell Industries, Inc. is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' and 'Other Events' as of January 30, 2024.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024, as stated in the 'DATE OF REPORT (Date of earliest event reported)' section.
Where are Powell Industries, Inc.'s principal executive offices located?
Powell Industries, Inc.'s principal executive offices are located at 8550 Mosley Road, Houston, Texas 77075-1180, with a telephone number of 713-944-6900.
What is the trading symbol and exchange for Powell Industries, Inc.'s common stock?
Powell Industries, Inc.'s common stock, with a par value of $0.01 per share, trades under the symbol POWL on the Nasdaq Global Market.
Is Powell Industries, Inc. considered an emerging growth company according to this filing?
The filing indicates that Powell Industries, Inc. is NOT an emerging growth company, as the boxes for 'emerging growth company' under Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934 are not checked.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-01-30 16:49:07
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share POWL Nasdaq Global Market I
- $0.2650 — s declared a quarterly cash dividend of $0.2650 per share payable to shareholders of re
Filing Documents
- powl-20240130.htm (8-K) — 30KB
- ex991-powlq1xfy2024earning.htm (EX-99.1) — 70KB
- ex992-powlq1xfy2024dividen.htm (EX-99.2) — 10KB
- image_0.jpg (GRAPHIC) — 31KB
- image_01.jpg (GRAPHIC) — 37KB
- 0000080420-24-000005.txt ( ) — 337KB
- powl-20240130.xsd (EX-101.SCH) — 2KB
- powl-20240130_lab.xml (EX-101.LAB) — 23KB
- powl-20240130_pre.xml (EX-101.PRE) — 12KB
- powl-20240130_htm.xml (XML) — 3KB
02 – Results of Operations and Financial Condition
Item 2.02 – Results of Operations and Financial Condition. On January 30, 2024 Powell Industries, Inc. (NASDAQ: POWL) issued a press release regarding the Company's results of operations for its fiscal 2024 first quarter ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Current Report, including the exhibits, are being furnished pursuant to Item 2.02 of Form 8-K and General Instruction B.2 thereunder. The information in this Current Report shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
01 – Other Events
Item 8.01 – Other Events On January 30, 2024, Powell Industries, Inc. issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.2650 per share payable to shareholders of record at the close of business on February 14, 2024. This dividend will be paid on March 13, 2024. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished as part of this Report. Exhibit Number Description 99.1 Press Release dated January 30, 2024 99.2 Press Release dated January 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. POWELL INDUSTRIES, INC. Date: January 30, 2024 By: /s/ Michael W. Metcalf Michael W. Metcalf Executive Vice President Chief Financial Officer (Principal Financial Officer)