$POWL
POWELL INDUSTRIES INC

2024 Q3 Form 10-Q Financial Statement

#000008042024000059 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $275.1M $288.2M
YoY Change 31.84% 49.8%
Cost Of Revenue $194.6M $206.4M
YoY Change 24.24% 37.9%
Gross Profit $80.43M $81.74M
YoY Change 54.73% 91.56%
Gross Profit Margin 29.24% 28.37%
Selling, General & Admin $21.57M $22.02M
YoY Change 5.59% 11.84%
% of Gross Profit 26.82% 26.94%
Research & Development $2.746M $2.430M
YoY Change 57.0% 70.29%
% of Gross Profit 3.41% 2.97%
Depreciation & Amortization $1.797M $1.709M
YoY Change -14.67% -21.89%
% of Gross Profit 2.23% 2.09%
Operating Expenses $24.32M $24.45M
YoY Change 9.65% 15.79%
Operating Profit $56.12M $57.29M
YoY Change 88.28% 165.81%
Interest Expense $4.381M $4.508M
YoY Change 50.34% 115.38%
% of Operating Profit 7.81% 7.87%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $60.50M $61.80M
YoY Change 84.9% 161.35%
Income Tax $14.45M $15.57M
% Of Pretax Income 23.88% 25.2%
Net Earnings $46.05M $46.22M
YoY Change 74.2% 150.48%
Net Earnings / Revenue 16.74% 16.04%
Basic Earnings Per Share $3.84 $3.85
Diluted Earnings Per Share $3.77 $3.79
COMMON SHARES
Basic Shares Outstanding 11.99M shares 11.99M shares
Diluted Shares Outstanding 12.21M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $358.4M $374.0M
YoY Change 28.45% 78.31%
Cash & Equivalents $315.3M $332.0M
Short-Term Investments $43.06M $42.03M
Other Short-Term Assets $7.436M $6.704M
YoY Change 16.55% -36.5%
Inventory $85.87M $85.14M
Prepaid Expenses $7.487M $5.474M
Receivables $214.4M $173.2M
Other Receivables $61.00K $131.0K
Total Short-Term Assets $776.5M $735.7M
YoY Change 24.84% 34.43%
LONG-TERM ASSETS
Property, Plant & Equipment $103.4M $96.47M
YoY Change 5.94% -2.01%
Goodwill $1.000M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.31M $17.20M
YoY Change 39.49% -29.52%
Total Long-Term Assets $151.7M $133.3M
YoY Change 16.46% 7.62%
TOTAL ASSETS
Total Short-Term Assets $776.5M $735.7M
Total Long-Term Assets $151.7M $133.3M
Total Assets $928.2M $869.0M
YoY Change 23.39% 29.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.63M $79.69M
YoY Change 29.94% 26.8%
Accrued Expenses $40.19M $32.27M
YoY Change 18.13% 14.03%
Deferred Revenue $287.8M $282.9M
YoY Change 2.85% 25.32%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $428.0M $418.4M
YoY Change 8.17% 24.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.736M $1.946M
YoY Change 0.81% -83.83%
Total Long-Term Liabilities $1.736M $1.946M
YoY Change 0.81% -83.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $428.0M $418.4M
Total Long-Term Liabilities $1.736M $1.946M
Total Liabilities $445.1M $432.2M
YoY Change 9.3% 24.56%
SHAREHOLDERS EQUITY
Retained Earnings $462.2M $419.4M
YoY Change 42.09% 38.85%
Common Stock $70.11M $69.31M
YoY Change -1.98% -2.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00M $25.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $483.1M $436.7M
YoY Change
Total Liabilities & Shareholders Equity $928.2M $869.0M
YoY Change 23.39% 29.49%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $46.05M $46.22M
YoY Change 74.2% 150.48%
Depreciation, Depletion And Amortization $1.797M $1.709M
YoY Change -14.67% -21.89%
Cash From Operating Activities -$5.991M $13.76M
YoY Change -107.76% -72.37%
INVESTING ACTIVITIES
Capital Expenditures $8.456M $1.389M
YoY Change 121.42% 113.69%
Acquisitions
YoY Change
Other Investing Activities -$442.0K -$339.0K
YoY Change -93.99% -97.75%
Cash From Investing Activities -$8.898M -$1.728M
YoY Change -20.37% -89.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.301M -3.176M
YoY Change 4.5% 2.06%
NET CHANGE
Cash From Operating Activities -5.991M 13.76M
Cash From Investing Activities -8.898M -1.728M
Cash From Financing Activities -3.301M -3.176M
Net Change In Cash -18.19M 8.857M
YoY Change -128.91% -71.38%
FREE CASH FLOW
Cash From Operating Activities -$5.991M $13.76M
Capital Expenditures $8.456M $1.389M
Free Cash Flow -$14.45M $12.37M
YoY Change -119.67% -74.83%

Facts In Submission

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dei Amendment Flag
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dei Entity Registrant Name
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Powell Industries, Inc.
dei Entity Incorporation State Country Code
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dei Trading Symbol
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
273000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
173246000 usd
CY2024Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
131000 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5419000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
868983000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
752242000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
288168000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
192365000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490667000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
544639000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58384000 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2093000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61796000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23645000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36232000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15573000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11889000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12205000 shares
us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2089000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-170000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-35000 usd
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3236000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
393785000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
46223000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-986000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
957000 usd
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3240000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
436739000 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
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
18454000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2089000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
958000 usd
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3191000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-35000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
324070000 usd
us-gaap Net Income Loss
NetIncomeLoss
103796000 usd
us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
us-gaap Depreciation
Depreciation
5074000 usd
us-gaap Depreciation
Depreciation
6500000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3914000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
113000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
294000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-148000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2551000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33099000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
96986000 usd
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
27304000 usd
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
-178161000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21254000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15304000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1037000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-11000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
374000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1981000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
22415000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-249000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4337000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3528000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1353000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2167000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114652000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105314000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
27537000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
18789000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
18312000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
7385000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4006000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
250000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
26000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12976000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15398000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6476000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
582000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9475000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9292000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15951000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9874000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
85725000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
80042000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
412000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1359000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245875000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101954000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
332012000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
183355000 usd
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.
us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11876000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
230000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12106000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.37
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2023Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
68631000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
246536000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
243312000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
150068000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
145687000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
96468000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97625000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
0 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
0 usd
CY2024Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4568000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2711000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3305000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2345000 usd
CY2024Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
2077000 usd
CY2023Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
1241000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
5071000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
2931000 usd
CY2024Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1412000 usd
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
760000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3154000 usd
CY2024Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
7000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-21000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3202000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5226000 usd
powl Standard Assurance Warranty Period
StandardAssuranceWarrantyPeriod
P1Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1300000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
841000000 usd
CY2024Q2 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
14200000 usd
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
13200000 usd
powl Number Of Projects Cancelled
NumberOfProjectsCancelled
2 project
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
3400000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
90955000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
60621000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
282924000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
279796000 usd
CY2024Q2 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-191969000 usd
CY2023Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-219175000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
228900000 usd
CY2024Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
6600000 usd
CY2023Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
7400000 usd
CY2024Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
5900000 usd
CY2024Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
700000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
288168000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
288168000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
192365000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
737293000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490667000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
332012000 usd
CY2024Q2 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
42033000 usd
CY2024Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
11436000 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
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
237000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
391000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
742000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1147000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
163000 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
487000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
31000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
93000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
84000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
288000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
754000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
669000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1798000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1486000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
1022000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
990000 usd
us-gaap Lease Cost
LeaseCost
2624000 usd
us-gaap Lease Cost
LeaseCost
2434000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
909000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1436000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
482000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
773000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
427000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
663000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
909000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1436000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
137000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
440000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
197000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
156000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18000 usd
CY2024Q2 powl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
948000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
39000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
909000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0382
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M1D
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61796000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23645000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
135591000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36232000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15573000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5191000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31795000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8142000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
46223000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
18454000 usd
us-gaap Net Income Loss
NetIncomeLoss
103796000 usd
us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0000080420-24-000059-index-headers.html Edgar Link pending
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0000080420-24-000059.txt Edgar Link pending
0000080420-24-000059-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
powl-20240630.htm Edgar Link pending
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powlex101-q32024cdorconfor.htm Edgar Link pending
powlexhibit311q32024.htm Edgar Link pending
powlexhibit312q32024.htm Edgar Link pending
powlexhibit321q32024.htm Edgar Link pending
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powl-20240630_def.xml Edgar Link unprocessable
powl-20240630_pre.xml Edgar Link unprocessable
powl-20240630_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable
powl-20240630_lab.xml Edgar Link unprocessable
powl-20240630_cal.xml Edgar Link unprocessable