$POWL
POWELL INDUSTRIES INC

2023 Q2 Form 10-Q Financial Statement

#000008042023000027 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $192.4M $171.4M
YoY Change 41.98% 34.09%
Cost Of Revenue $149.7M $138.0M
YoY Change 28.58% 26.88%
Gross Profit $42.67M $33.44M
YoY Change 123.88% 75.22%
Gross Profit Margin 22.18% 19.5%
Selling, General & Admin $19.69M $21.82M
YoY Change 20.04% 27.85%
% of Gross Profit 46.15% 65.26%
Research & Development $1.427M $1.543M
YoY Change -20.99% -9.92%
% of Gross Profit 3.34% 4.61%
Depreciation & Amortization $2.188M $2.176M
YoY Change -7.87% -9.97%
% of Gross Profit 5.13% 6.51%
Operating Expenses $21.12M $23.36M
YoY Change 15.97% 24.4%
Operating Profit $21.55M $10.07M
YoY Change 2438.52% 3224.75%
Interest Expense $2.093M $899.0K
YoY Change 3222.22% 6815.38%
% of Operating Profit 9.71% 8.92%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $23.65M $10.97M
YoY Change 710.32% 1744.2%
Income Tax $5.191M $2.500M
% Of Pretax Income 21.95% 22.78%
Net Earnings $18.45M $8.473M
YoY Change 103.66% -796.22%
Net Earnings / Revenue 9.59% 4.94%
Basic Earnings Per Share $1.55 $0.71
Diluted Earnings Per Share $1.52 $0.70
COMMON SHARES
Basic Shares Outstanding 11.86M shares 11.83M shares
Diluted Shares Outstanding 12.14M shares 12.15M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.8M $163.1M
YoY Change 112.94% 43.63%
Cash & Equivalents $183.4M $152.0M
Short-Term Investments $26.41M $11.09M
Other Short-Term Assets $10.56M $4.819M
YoY Change 277.31% 88.32%
Inventory $66.11M $58.69M
Prepaid Expenses $4.821M $2.710M
Receivables $260.7M $170.2M
Other Receivables $147.0K $119.0K
Total Short-Term Assets $547.3M $463.2M
YoY Change 68.5% 48.61%
LONG-TERM ASSETS
Property, Plant & Equipment $98.44M $97.91M
YoY Change -3.51% -7.6%
Goodwill $1.003M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.40M $12.37M
YoY Change 104.87% -5.97%
Total Long-Term Assets $123.8M $123.9M
YoY Change -2.51% -3.23%
TOTAL ASSETS
Total Short-Term Assets $547.3M $463.2M
Total Long-Term Assets $123.8M $123.9M
Total Assets $671.1M $587.1M
YoY Change 48.54% 33.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.85M $51.21M
YoY Change 35.93% 5.16%
Accrued Expenses $28.30M $21.49M
YoY Change 51.61% 29.58%
Deferred Revenue $225.8M $178.2M
YoY Change 239.08% 214.28%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $335.0M $269.7M
YoY Change 132.07% 102.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.03M $1.765M
YoY Change 435.47% -41.77%
Total Long-Term Liabilities $12.03M $1.765M
YoY Change 435.47% -41.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $335.0M $269.7M
Total Long-Term Liabilities $12.03M $1.765M
Total Liabilities $347.0M $281.3M
YoY Change 122.66% 91.58%
SHAREHOLDERS EQUITY
Retained Earnings $302.0M $286.8M
YoY Change 8.64% 5.41%
Common Stock $70.91M $69.96M
YoY Change 8.0% 7.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00M $25.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $324.1M $305.8M
YoY Change
Total Liabilities & Shareholders Equity $671.1M $587.1M
YoY Change 48.54% 33.52%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $18.45M $8.473M
YoY Change 103.66% -796.22%
Depreciation, Depletion And Amortization $2.188M $2.176M
YoY Change -7.87% -9.97%
Cash From Operating Activities $49.80M $56.06M
YoY Change -437.03% 278.17%
INVESTING ACTIVITIES
Capital Expenditures $650.0K $630.0K
YoY Change -200.15% -192.65%
Acquisitions
YoY Change
Other Investing Activities -$15.09M $1.000K
YoY Change -282.87% -100.04%
Cash From Investing Activities -$15.74M -$629.0K
YoY Change -307.02% -80.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.112M -3.265M
YoY Change 1.47% 6.77%
NET CHANGE
Cash From Operating Activities 49.80M 56.06M
Cash From Investing Activities -15.74M -629.0K
Cash From Financing Activities -3.112M -3.265M
Net Change In Cash 30.94M 52.17M
YoY Change -402.25% 512.6%
FREE CASH FLOW
Cash From Operating Activities $49.80M $56.06M
Capital Expenditures $650.0K $630.0K
Free Cash Flow $49.15M $55.43M
YoY Change -447.92% 257.52%

Facts In Submission

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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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Powell Industries, Inc.
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dei Entity Tax Identification Number
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-3107000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
297206000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1162000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2178000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1307000 usd
CY2022Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
423000 usd
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3176000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
218000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
298472000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
8473000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
427000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1650000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
159000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3179000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
111000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
305795000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
301223000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-2846000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
54000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1008000 usd
CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
660000 usd
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3200000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
295579000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1217000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
902000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
711000 usd
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3105000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
292870000 usd
us-gaap Net Income Loss
NetIncomeLoss
9636000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4063000 usd
us-gaap Depreciation
Depreciation
4312000 usd
us-gaap Depreciation
Depreciation
4831000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2956000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1720000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
101000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
445000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1783000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-51000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
63300000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12662000 usd
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
-123082000 usd
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
-9888000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8060000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13835000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
862000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
31000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1026000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1009000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11919000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3372000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3331000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5761000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1932000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2068000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55514000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13008000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
3695000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
15090000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
7385000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
7995000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3356000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1116000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
587000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
346000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7624000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
582000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
660000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6180000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6106000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6762000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7166000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
49098000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-27798000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
987000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-85000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101954000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114314000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152039000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86431000 usd
powl Predecessor Company Founded Period
PredecessorCompanyFoundedPeriod
P76Y
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11783000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
271000 shares
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying footnotes. The most significant estimates used in our condensed consolidated financial statements affect revenue recognition and estimated cost recognition on our customer contracts, the allowance for credit losses, provision for excess and obsolete inventory, warranty accruals and income taxes. The amounts recorded for warranties, legal, income taxes, impairment of long-lived assets (when applicable), liquidated damages and other contingent liabilities require judgments regarding the amount of expenses that will ultimately be incurred. We base our estimates on historical experience, forecasts and various other assumptions, as well as the specific circumstances surrounding these contingent liabilities, in evaluating the amount of liability that should be recorded. Additionally, the recognition of deferred tax assets requires estimates related to future income and other assumptions regarding timing and future profitability because the ultimate realization of net deferred tax assets is dependent on the generation of future taxable income during the periods in which temporary differences become deductible. Estimates routinely change as new events occur, additional information becomes available or operating environments change. Actual results may differ from our prior estimates.
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
8473000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1217000 usd
us-gaap Net Income Loss
NetIncomeLoss
9636000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4063000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11878000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11801000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11869000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
240000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12149000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11801000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12109000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11783000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2023Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
57701000 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
49213000 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
989000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1202000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
58690000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
50415000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2380000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2443000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2345000 usd
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2531000 usd
CY2023Q1 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
1211000 usd
CY2022Q1 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
323000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
1690000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
616000 usd
CY2023Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
882000 usd
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
421000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1335000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
803000 usd
CY2023Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-2000 usd
CY2022Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-2000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-11000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-3000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2711000 usd
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2347000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2711000 usd
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2347000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
584400000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
7400000 usd
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
5600000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
63560000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
88351000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
178217000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
79857000 usd
CY2023Q1 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-114657000 usd
CY2022Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
8494000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
58700000 usd
CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
6600000 usd
CY2022Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
6900000 usd
CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
6400000 usd
CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
200000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
171444000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
127854000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298302000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234423000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
171444000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
127854000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298302000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234423000 usd
CY2023Q1 powl Commitments And Contingencies Additional Bonding Capacity
CommitmentsAndContingenciesAdditionalBondingCapacity
305800000 usd
powl Cash Collateral Required For Guarantees Period
CashCollateralRequiredForGuaranteesPeriod
P2Y
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
430000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
579000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
817000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
852000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
733000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
1096000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
152039000 usd
CY2023Q1 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
11085000 usd
CY2023Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
8404000 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
9098000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
101954000 usd
CY2022Q3 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
14554000 usd
CY2022Q3 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
7730000 usd
CY2022Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
7714000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
378000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
573000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
755000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1143000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
163000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
173000 usd
us-gaap Sublease Income
SubleaseIncome
324000 usd
us-gaap Sublease Income
SubleaseIncome
347000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
88000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
117000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
195000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
258000 usd
us-gaap Lease Cost
LeaseCost
1443000 usd
us-gaap Lease Cost
LeaseCost
1906000 usd
CY2022Q3 powl Operating Lease Right Of Use Asset Lease Accrual
OperatingLeaseRightOfUseAssetLeaseAccrual
100000 usd
CY2023Q1 powl Operating Lease Right Of Use Asset Lease Accrual
OperatingLeaseRightOfUseAssetLeaseAccrual
100000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1665000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2179000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
989000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1777000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
731000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
545000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1720000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2322000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
756000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
502000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
233000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
144000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
131000 usd
CY2023Q1 powl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
18000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1784000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
64000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1720000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M6D
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10973000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
595000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12587000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3692000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1812000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2951000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
371000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
8473000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1217000 usd
us-gaap Net Income Loss
NetIncomeLoss
9636000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4063000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
3.05
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.10
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
3.05
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.10

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