Below are the financial statements of Powell Industries, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | 1,012.36a | 699.31a | 532.58a |
| Cost of goods sold | -739.27a | -551.76a | -447.56a |
| Gross profit | 273.09a | 147.55a | 85.02a |
| Selling, general and administrative expenses | -84.89a | -78.81a | -70.83a |
| Research and development expenses | -9.43a | -6.22a | -6.96a |
| Operating income | 178.77a | 62.52a | 7.22a |
| Other expenses (income) | — | — | — |
| Other income | 0a | 0a | -2.29a |
| Interest income, net | -17.32a | -6.43a | -0.33a |
| Income before income taxes | 196.09a | 68.95a | 9.84a |
| Income tax provision (benefit) | -46.24a | -14.43a | -3.89a |
| Net income | 149.85a | 54.53a | 13.74a |
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