Powell Industries, Inc. (NASDAQ:POWL) Q2 2024 Results Conference Call May 1, 2024 11:00 AM ET

Company Participants

Ryan Coleman - Alpha IR
Brett Cope - Chairman & CEO
Mike Metcalf - CFO

Conference Call Participants

John Franzreb - Sidoti & Company
Jon Braatz - Kansas City Capital Associates

Operator

Good day, and welcome to the Powell Industries Fiscal Second Quarter 2024 Results Conference Call. [Operator Instructions]. Please note this event is being recorded.

I would like now to turn the conference over to Mr. Ryan Coleman with Investor Relations. Please go ahead.

Ryan Coleman

Thank you, and good morning, everyone. Thank you for joining us for Powell Industries' conference call today to review fiscal year 2024 second 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 May 8. The information on how to access the replay was provided in yesterday's earnings release. Please note that this information reported on this call speaks only as of today, May 1, 2024, 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 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 turn the call over to Brett.

Brett Cope

Thank you, Ryan, and good morning, everyone. Thank you for joining us today to review Powell's fiscal 2024 second 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.

Powell's second quarter financial results showed strong year-over-year growth, supported by continued strength and healthy levels of project activity from our core Industrial end markets and complemented by impressive performances from both the Utility and the Commercial and Other Industrial sectors.