Powell Industries, Inc. (NASDAQ:POWL) Q3 2022 Earnings Conference Call August 3, 2022 11:00 AM ET

Company Participants

Ryan Coleman - Alpha IR Group

Brett Cope - Chairman, President & CEO

Michael Metcalf - EVP, CFO, Secretary & Treasurer

Conference Call Participants

Operator

Good day, and welcome to the Powell Industries Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Ryan Coleman, Investor Relations. Thank you. You may begin.

Ryan Coleman

Thank you, and good morning, everyone. Thank you for joining us for Powell Industries Conference Call today to review Fiscal Year 2022 Third Quarter Results. With me on the call are Brett Cope, Powell's Chairman and CEO; and Mike Metcalf, Powell's CFO. There will be a replay of today's call, and it will be available via webcast by going to the company's website, powellind.com, or a telephonic replay will be available until August 10. The information on how to access the replay was provided in yesterday's earnings release.

Please note that the information reported on this call speaks only as of today, August 3, 2022, and therefore, you are advised that any time-sensitive information may no longer be accurate at the time of replay listening or transcript reading. This conference call includes certain statements, including statements related to the company's expectations of its future operating results that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Investors are cautioned that such forward-looking statements involve risks and uncertainties and that actual future results may differ materially from those projected in these forward-looking statements. These risks and uncertainties include, but are not limited to, competition and competitive pressures, sensitivity to general economic and industry conditions, international, political and economic risks, availability and price of raw materials and execution of business strategies. For more information, please refer to the company's filings with the Securities and Exchange Commission.

With that, I'll now turn the call over to Brett.

Brett Cope

Thank you, Ryan. Good morning, everyone. Thank you for joining us today to review Powell's Fiscal 2022 Third Quarter Results. I will make a few comments and then turn the call over to Mike for more financial commentary before we take your questions.

Our third quarter was, in many ways, a continuation of the market trends and operational momentum we have built and operated in over the last few quarters. Order activity across our end markets remains robust and our industrial markets continue to recover and strengthen. Meanwhile, our efforts over the past several quarters to diversify the business to compete in new markets and to build a stronger services offering are yielding encouraging results. While macroeconomic factors such as material prices, labor availability and the global supply chain remain challenging, I have been very pleased with our team's ability to navigate those headwinds and keep Powell on a sound path towards higher project activity and improved profitability.