0000000000-20-001745.txt : 20200417 0000000000-20-001745.hdr.sgml : 20200417 20200226145945 ACCESSION NUMBER: 0000000000-20-001745 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200226 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: POWELL INDUSTRIES INC CENTRAL INDEX KEY: 0000080420 STANDARD INDUSTRIAL CLASSIFICATION: SWITCHGEAR & SWITCHBOARD APPARATUS [3613] IRS NUMBER: 880106100 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 8550 MOSLEY DR STREET 2: POST OFFICE BOX 12818 CITY: HOUSTON STATE: TX ZIP: 77075 BUSINESS PHONE: 7139446900 MAIL ADDRESS: STREET 1: 8550 MOSLEY DRIVE P O BOX 12818 STREET 2: 8550 MOSLEY DRIVE P O BOX 12818 CITY: HOUSTON STATE: TX ZIP: 77075 FORMER COMPANY: FORMER CONFORMED NAME: PROCESS SYSTEMS INC DATE OF NAME CHANGE: 19780926 PUBLIC REFERENCE ACCESSION NUMBER: 0000080420-19-000039 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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M\I/ O3MLTJM.K3O5KYAK(1D6>\K'2N(#4N-"XU(*DR,# P+3(P,3,@ M,50S6%0@0E9"02!<*$%'4$PM=F5RU)-6W MHH2(+Y-$9%@#.I.0]&2FH-I3(.=0 M%H[]B%CKAMT@MTUA[IO[UV]3VDJ;6FRTF1JG'WC5'5K?Y5OERU6I_:T^W/1( MYI"Y0WXE?G3E=K%/Y/\.E_=_ X@OB7L*96YD7!E+UA2968O5ULQ(#(@,ETO4F]O=" Q,2 P(%(O26YD97A; M," Q-%TO240@6SQA-C1F9#8Q-F(R8V0Q-C(T8S4Q96,X,&(P-6,T9#)D.3X\ M838T9F0V,39B,F-D,38R-&,U,65C.#!B,#5C-&0R9#D^72],96YG=&@@-C$O M26YF;R Q,B P(%(O4VEZ92 Q-"]&:6QT97(O1FQA=&5$96-O9&4^/G-T')E9@HR.#DS,0HE)45/1@H! end TEXT-EXTRACT 2 filename2.txt February 26, 2020 Michael W. Metcalf Chief Financial Officer Powell Industries, Inc. 8550 Mosley Road Houston, Texas 77075-1180 Re: Powell Industries, Inc. Form 10-K for the Fiscal Year Ended September 30, 2019 Filed December 5, 2019 File No. 001-12488 Dear Mr. Metcalf: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended September 30, 2019 Financial Statements Notes to Consolidated Financial Statements M. Geographic Information, page 52 1. Please revise to disclose your operating and reporting segments and provide all disclosures required by ASC 280-10-50. Your response should fully address your reporting structure regarding those executive positions that report to the CODM. In this regard, we note that you have multiple market sectors per page 42 and categories of revenue per page 18 including commercial and industrial revenues, public and private utilities revenues, and municipal and transit revenues. N. Quarterly Information , page 53 2. During the fiscal years ended September 30, 2019 and 2018, the quarterly data shows significant fluctuations in operating results between the quarters. Specifically, there are Michael W. Metcalf Powell Industries, Inc. February 26, 2020 Page 2 large variations in revenues, gross profit, and net income (loss). Please revise to add a discussion of any unusual or infrequently occurring items during each quarter, which may have contributed to the significant fluctuations in operating results. Refer to Item 302(a)(3) of Regulation S-K. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Heather Clark at 202-551-3624 or Melissa Raminpour at 202-551- 3379 with any questions. FirstName LastNameMichael W. Metcalf Sincerely, Comapany NamePowell Industries, Inc. Division of Corporation Finance February 26, 2020 Page 2 Office of Manufacturing FirstName LastName