Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 288M | 13% |
| Gross Profit | 82M | 30.3% |
| Cost of Revenue | 228M | 7.1% |
| Operating expense | 24M | 5.3% |
| Net Income | 46M | 38% |
| EBITDA | 59M | 43.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 869M | 2.3% |
| Total Liabilities | 432M | 5.2% |
| Total Equity | 437M | 10.9% |
| Shares Outstanding | 12M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 14M | 19% |
| Cash from investing | -1.7M | 82.3% |
| Cash from financing | -3.2M | 35.2% |
EPS
Financial Highlights for Powell Industries in Q2 '24
Powell Industries reported a revenue of 288M, which is a 13% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 82M, marking a 30.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 228M, a 7.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 24M, showing a 5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 46M, showing a 38% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 59M, showing a 43.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Powell Industries with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
