Powell Industries Files 8-K with Financial Updates

TL;DR

POWELL INDUSTRIES (POWL) filed an 8-K on 4/30/24 with financial results and other updates.

AI Summary

On April 30, 2024, Powell Industries, Inc. filed an 8-K report detailing its financial results and other events. The company, incorporated in Delaware, is headquartered in Houston, Texas, and operates in the switchgear & switchboard apparatus industry. The filing includes information on results of operations, financial condition, and other events, as well as financial statements and exhibits.

Why It Matters

This 8-K filing provides investors with crucial updates on Powell Industries' financial performance and operational status, enabling informed investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report providing standard financial and operational updates, not indicating any immediate or significant risks.

Key Players & Entities

• Powell Industries, Inc. (company) — Registrant
• 0000080420-24-000026 (filing_id) — Accession Number
• April 30, 2024 (date) — Date of Report
• Houston, Texas (location) — Principal Executive Offices
• 3613 (sic_code) — Standard Industrial Classification

FAQ

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 stockholders of re

Filing Documents

• powl-20240430.htm (8-K) — 30KB
• ex991-powlq2xfy2024earning.htm (EX-99.1) — 93KB
• ex992-powlq2xfy2024dividen.htm (EX-99.2) — 8KB
• image_0.jpg (GRAPHIC) — 37KB
• image_0b.jpg (GRAPHIC) — 31KB
• 0000080420-24-000026.txt ( ) — 357KB
• powl-20240430.xsd (EX-101.SCH) — 2KB
• powl-20240430_lab.xml (EX-101.LAB) — 21KB
• powl-20240430_pre.xml (EX-101.PRE) — 12KB
• powl-20240430_htm.xml (XML) — 3KB

02 – Results of Operations and Financial Condition

Item 2.02 – Results of Operations and Financial Condition. On April 30, 2024, Powell Industries, Inc. (NASDAQ: POWL) (the "Company") issued a press release regarding the Company's results of operations for its fiscal 2024 second quarter ended March 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K ("Current Report") and Exhibit 99.1 attached hereto is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated by reference.

01 – Other Events

Item 8.01 – Other Events On April 30, 2024, the Company also issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.2650 per share payable to stockholders of record at the close of business on May 15, 2024. This dividend will be paid on June 12, 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. Exhibit Number Description 99.1 Press Release dated April 30, 2024 99.2 Press Release dated April 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 hereunto duly authorized. POWELL INDUSTRIES, INC. Date: April 30, 2024 By: /s/ Michael W. Metcalf Michael W. Metcalf Executive Vice President Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR