Filing Flows › Powell Industries (POWL) › Q4 FY24
Powell Industries (POWL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 20, 2024
Powell Industries (POWL) reported revenue of $275M for the fourth quarter fiscal 2024 (Q4 FY24), +32% from a year earlier and -5% from the quarter before. Operating margin was 20.4%, net earnings $46.1M (16.7% of revenue).
Powell Industries, Q4 FY24: revenue $275M (+32% year over year), operating margin 20.4%, net earnings $46.1M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | -5% | +32% |
| Gross profit | $80.4M | -2% | +55% |
| Operating profit | $56.1M | -2% | +88% |
| Net earnings | $46.1M | -0.4% | +74% |
| Operating cash flow | −$6.0M | — | — |
What changed
Revenue was $275.1M in Q4 FY24, up 32% year over year and down 5% from the previous quarter. Oil and gas (excludes petrochemical) was the largest line at 42% of revenue.
Gross margin was 29.2%, up 4.3 points from a year earlier. Operating profit was $56.1M, a 20.4% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 14% margin then. Operating expenses grew 10% against revenue growth of 32%. The fastest-growing cost line was Research & development (+57%). Net earnings were $46.1M, up 74% year over year. The effective tax rate was 23.9%.
Operating cash flow was −$6.0M. Non-cash charges added back $1.8M of depreciation and $927K of share-based compensation. Working capital and other items used $54.8M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$14.4M.
Questions
What was Powell Industries' revenue in the fourth quarter fiscal 2024?
Powell Industries (POWL) reported revenue of $275M for the fourth quarter fiscal 2024 (Q4 FY24), +32% from a year earlier and -5% from the quarter before.
Was Powell Industries profitable in the fourth quarter fiscal 2024?
Operating profit was $56.1M (20.4% of revenue) and net earnings $46.1M.
Source: Powell Industries 10-K on SEC EDGAR.