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Sep 30, 2021
Powell Industries Q4 2021 Earnings Report
Powell Industries reported fourth quarter results for fiscal year 2021, showing increased revenues and net income compared to the previous quarter.
Key Takeaways
Powell Industries reported a strong finish to fiscal year 2021 with increased revenues, new orders, and a solid gross margin. The company saw growth across all core end markets, with significant increases in the Industrial, Traction, and Utility sectors. While cautious about ongoing market conditions, Powell is optimistic about future opportunities and is focused on operational execution.
Revenues totaled $130 million.
Net income was $3.3 million, or $0.28 per diluted share.
New orders totaled $121 million.
Backlog as of September 30, 2021, totaled $415 million.
Forward Guidance
Powell Industries anticipates an improvement in profitability in the second half of fiscal year 2022 relative to the first half, encouraged by the continued recovery of Industrial end markets.
Positive Outlook
- Continued recovery of Industrial end markets.
- Ample opportunity to increase new orders bookings versus fiscal 2021.
- Actively working a number of programs aimed at mitigating these headwinds.
- Pipeline of projects within the LNG, gas pipeline and gas-to-chemical process industries remains encouraging
- Continue to explore new opportunities in other markets such as biofuels, renewable energy, and data centers.
Challenges Ahead
- Continuation of contracted supply chains
- Modest global inflationary cost pressure that we expect will carry into our fiscal 2022 across many of our key commodities.
- Usual first fiscal quarter seasonality impact that we experience.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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