$POWL
POWELL INDUSTRIES INC

2024 Q1 Form 10-Q Financial Statement

#000008042024000008 Filed on January 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $255.1M $194.0M
YoY Change 48.8% 52.94%
Cost Of Revenue $192.4M $145.8M
YoY Change 39.4% 35.78%
Gross Profit $62.72M $48.19M
YoY Change 87.58% 147.61%
Gross Profit Margin 24.59% 24.84%
Selling, General & Admin $20.95M $20.35M
YoY Change -4.0% 20.59%
% of Gross Profit 33.4% 42.22%
Research & Development $2.284M $1.967M
YoY Change 48.02% 31.05%
% of Gross Profit 3.64% 4.08%
Depreciation & Amortization $1.724M $1.641M
YoY Change -20.77% -23.17%
% of Gross Profit 2.75% 3.4%
Operating Expenses $23.23M $22.31M
YoY Change -0.56% 21.44%
Operating Profit $39.49M $25.88M
YoY Change 291.99% 2274.31%
Interest Expense $4.428M $3.998M
YoY Change 392.55% 664.44%
% of Operating Profit 11.21% 15.45%
Other Income/Expense, Net
YoY Change
Pretax Income $43.92M $29.88M
YoY Change 300.23% 1752.32%
Income Tax $10.43M $5.793M
% Of Pretax Income 23.75% 19.39%
Net Earnings $33.49M $24.09M
YoY Change 295.23% 1972.72%
Net Earnings / Revenue 13.13% 12.41%
Basic Earnings Per Share $2.79 $2.02
Diluted Earnings Per Share $2.75 $1.98
COMMON SHARES
Basic Shares Outstanding 11.97M shares 11.96M shares
Diluted Shares Outstanding 12.19M shares 12.17M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $365.3M $355.3M
YoY Change 123.96% 220.99%
Cash & Equivalents $323.3M $321.4M
Short-Term Investments $42.08M $33.94M
Other Short-Term Assets $6.784M $7.413M
YoY Change 40.78% 113.82%
Inventory $82.08M $69.68M
Prepaid Expenses $3.362M $5.252M
Receivables $184.0M $169.5M
Other Receivables $95.00K $64.00K
Total Short-Term Assets $716.6M $674.8M
YoY Change 54.72% 73.37%
LONG-TERM ASSETS
Property, Plant & Equipment $96.66M $98.32M
YoY Change -1.28% -0.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.62M $14.86M
YoY Change 34.32% 22.18%
Total Long-Term Assets $133.0M $133.1M
YoY Change 7.33% 6.99%
TOTAL ASSETS
Total Short-Term Assets $716.6M $674.8M
Total Long-Term Assets $133.0M $133.1M
Total Assets $849.6M $807.9M
YoY Change 44.72% 57.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.77M $50.17M
YoY Change 55.77% 29.87%
Accrued Expenses $24.77M $15.96M
YoY Change 15.25% 11.47%
Deferred Revenue $315.7M $328.9M
YoY Change 77.14% 145.89%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $441.8M $427.9M
YoY Change 63.83% 109.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.296M $2.240M
YoY Change 30.08% 25.63%
Total Long-Term Liabilities $2.296M $2.240M
YoY Change 30.08% 25.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $441.8M $427.9M
Total Long-Term Liabilities $2.296M $2.240M
Total Liabilities $455.8M $441.6M
YoY Change 62.04% 105.22%
SHAREHOLDERS EQUITY
Retained Earnings $376.4M $346.2M
YoY Change 31.25% 22.97%
Common Stock $68.35M $68.85M
YoY Change -2.3% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00M $25.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $393.8M $366.3M
YoY Change
Total Liabilities & Shareholders Equity $849.6M $807.9M
YoY Change 44.72% 57.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $33.49M $24.09M
YoY Change 295.23% 1972.72%
Depreciation, Depletion And Amortization $1.724M $1.641M
YoY Change -20.77% -23.17%
Cash From Operating Activities $16.99M $83.90M
YoY Change -69.69% -15381.97%
INVESTING ACTIVITIES
Capital Expenditures $903.0K $1.235M
YoY Change 43.33% -54.7%
Acquisitions
YoY Change
Other Investing Activities -$8.860M $0.00
YoY Change -886100.0% -100.0%
Cash From Investing Activities -$9.763M -$1.485M
YoY Change 1452.15% -252.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.899M -$7.876M
YoY Change 50.05% 125.22%
NET CHANGE
Cash From Operating Activities 16.99M $83.90M
Cash From Investing Activities -9.763M -$1.485M
Cash From Financing Activities -4.899M -$7.876M
Net Change In Cash 2.331M $74.54M
YoY Change -95.53% -2527.12%
FREE CASH FLOW
Cash From Operating Activities $16.99M $83.90M
Capital Expenditures $903.0K $1.235M
Free Cash Flow $16.09M $82.66M
YoY Change -70.97% -2624.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2022Q4 us-gaap Cost Of Goods And Services Sold
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CY2023Q4 us-gaap Gross Profit
GrossProfit
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CY2022Q4 us-gaap Gross Profit
GrossProfit
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CY2023Q4 us-gaap Selling General And Administrative Expense
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CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2023Q4 us-gaap Research And Development Expense
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1967000 usd
CY2022Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q4 us-gaap Operating Income Loss
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CY2023Q4 us-gaap Interest Income Expense Nonoperating Net
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CY2022Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q4 us-gaap Net Income Loss
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CY2022Q4 us-gaap Net Income Loss
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CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2022Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2023Q4 us-gaap Comprehensive Income Net Of Tax
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CY2022Q4 us-gaap Comprehensive Income Net Of Tax
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CY2023Q3 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Net Income Loss
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CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q4 us-gaap Dividends Common Stock Cash
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CY2023Q4 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Net Income Loss
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CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022Q4 us-gaap Dividends Common Stock Cash
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CY2022Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2022Q4 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Net Income Loss
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CY2022Q4 us-gaap Net Income Loss
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CY2023Q4 us-gaap Depreciation
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CY2022Q4 us-gaap Depreciation
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CY2023Q4 us-gaap Share Based Compensation
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CY2022Q4 us-gaap Share Based Compensation
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CY2023Q4 us-gaap Unrealized Gain Loss On Derivatives
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CY2022Q4 us-gaap Unrealized Gain Loss On Derivatives
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CY2023Q4 us-gaap Provision For Doubtful Accounts
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CY2022Q4 us-gaap Provision For Doubtful Accounts
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CY2023Q4 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Income Tax Expense Benefit
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CY2023Q4 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
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CY2023Q4 powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
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CY2022Q4 powl Increase Decrease In Contract With Customer Asset And Liability Net
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CY2023Q4 us-gaap Increase Decrease In Inventories
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CY2022Q4 us-gaap Increase Decrease In Inventories
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CY2023Q4 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022Q4 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2023Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2023Q4 us-gaap Increase Decrease In Accrued Liabilities
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CY2022Q4 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q4 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022Q4 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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CY2023Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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0 usd
CY2022Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
3690000 usd
CY2023Q4 us-gaap Payments To Acquire Property Plant And Equipment
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1235000 usd
CY2022Q4 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q4 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
250000 usd
CY2022Q4 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2023Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023Q4 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q4 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q4 us-gaap Payments Of Dividends Common Stock
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CY2022Q4 us-gaap Payments Of Dividends Common Stock
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CY2023Q4 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
988000 usd
CY2022Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
749000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99632000 usd
CY2023Q4 powl Predecessor Company Founded Period
PredecessorCompanyFoundedPeriod
P77Y
CY2023Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The 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, 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 basis for 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 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.
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
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0.28
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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233000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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218000 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12174000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12077000 shares
CY2023Q4 us-gaap Earnings Per Share Basic
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2.02
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2023Q4 us-gaap Earnings Per Share Diluted
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1.98
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2023Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2056000 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1379000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
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6555000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q3 us-gaap Inventory Net
InventoryNet
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CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
246297000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2023Q3 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
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CY2023Q3 us-gaap Product Warranty Accrual Classified Current
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3305000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
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2345000 usd
CY2023Q4 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
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CY2022Q4 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
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CY2023Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2022Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2023Q4 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
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CY2022Q4 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
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CY2023Q4 us-gaap Product Warranty Accrual Classified Current
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3680000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2380000 usd
CY2023Q4 powl Standard Assurance Warranty Period
StandardAssuranceWarrantyPeriod
P1Y
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1300000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
713000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
5400000 usd
CY2022Q4 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
3600000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
67594000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
60621000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
328888000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
279796000 usd
CY2023Q4 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-261294000 usd
CY2023Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-219175000 usd
CY2023Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
103500000 usd
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
7300000 usd
CY2023Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
7400000 usd
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
7100000 usd
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
200000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
194017000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126858000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
194017000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126858000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5793000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
451000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
24085000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1162000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.19
CY2023Q4 powl Commitments And Contingencies Additional Bonding Capacity
CommitmentsAndContingenciesAdditionalBondingCapacity
716400000 usd
CY2023Q4 powl Cash Collateral Required For Guarantees Period
CashCollateralRequiredForGuaranteesPeriod
P2Y
CY2023Q4 powl Loss Contingency Probable Loss In Period
LossContingencyProbableLossInPeriod
3600000 usd
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
4200000 usd
CY2023Q4 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
1500000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
321400000 usd
CY2023Q4 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
33943000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
10965000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
245875000 usd
CY2023Q3 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
33134000 usd
CY2023Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
9145000 usd
CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
256000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
378000 usd
CY2023Q4 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022Q4 us-gaap Sublease Income
SubleaseIncome
162000 usd
CY2023Q4 us-gaap Variable Lease Cost
VariableLeaseCost
30000 usd
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
108000 usd
CY2023Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 usd
CY2022Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
387000 usd
CY2023Q4 us-gaap Lease Cost
LeaseCost
686000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
711000 usd
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.28
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.19
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1218000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1436000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
645000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
773000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
573000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
663000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1218000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1436000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
550000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
370000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
180000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
147000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19000 usd
CY2023Q4 powl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1266000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
48000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1218000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M9D
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29878000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1613000 usd
CY2023Q4 powl Common Stock Dividends Per Share Annual
CommonStockDividendsPerShareAnnual
1.05
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
powl-20231231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
powl-20231231_def.xml Edgar Link unprocessable
powl-20231231_lab.xml Edgar Link unprocessable
powl-20231231_pre.xml Edgar Link unprocessable
0000080420-24-000008-index-headers.html Edgar Link pending
0000080420-24-000008-index.html Edgar Link pending
0000080420-24-000008.txt Edgar Link pending
0000080420-24-000008-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
powl-20231231.htm Edgar Link pending
powl-20231231.xsd Edgar Link pending
powlexhibit311q12024.htm Edgar Link pending
powlexhibit312q12024.htm Edgar Link pending
powlexhibit321q12024.htm Edgar Link pending
powlexhibit322q12024.htm Edgar Link pending
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powl-20231231_htm.xml Edgar Link completed
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report.css Edgar Link pending
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