Quarterly Results of Operations (Unaudited)

12 Months Ended

Sep. 30, 2011

Quarterly Results of Operations (Unaudited) [Abstract]

Quarterly Results of Operations (Unaudited)

O. Quarterly Results of Operations (Unaudited)

The table below sets forth the unaudited consolidated operating results by fiscal quarter for the years ended September 30, 2011 and 2010 (in thousands, except per share data):

	2011 Quarters
	First		Second		Third		Fourth			2011
Revenues	$	124,674	$	125,111	$	141,369	$	171,243		$	562,397
Gross profit		25,865		24,877		21,864		27,324			99,930
Net income (loss) attributable to Powell Industries, Inc.		2,432		1,733		73		(6,953	)		(2,715	)
Basic earnings (loss) per share		0.21		0.15		0.01		(0.59	)		(0.23	)
Diluted earnings (loss) per share		0.21		0.15		0.01		(0.59	)		(0.23	)

	2010 Quarters
	First		Second		Third		Fourth			2010
Revenues	$	135,916	$	142,135	$	138,880	$	133,761		$	550,692
Gross profit		37,817		36,533		38,244		29,463			142,057
Net income attributable to Powell Industries, Inc.		9,644		9,860		10,286		(4,782	)		25,008
Basic earnings per share		0.84		0.86		0.89		(0.41	)		2.17
Diluted earnings per share		0.83		0.85		0.88		(0.41	)		2.14

The sum of the individual earnings per share amounts may not agree with year-to-date earnings per share as each period’s computation is based on the weighted-average number of shares outstanding during the period.

Income before income taxes includes a $1.2 million gain recorded in the second quarter of fiscal 2011 resulting from cash received from the sale of our 50% equity investment in Kazakhstan. Income before taxes for fiscal 2011 includes an impairment charge of $7.2 million, which was recorded in the fourth quarter, to reflect the impairment for the value of the intangible assets that were recorded in relation to the acquisition of Powell Canada.

Income before income taxes for fiscal 2010 includes an impairment charge of $7.5 million to reflect the impairment for the value of goodwill that was recorded in relation to the acquisition of Powell Canada.