11 unchanged sentences
The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: The following graph compares, for the period from October 1, 2014 to September 30, 2019, the cumulative stockholder return on our common stock with the cumulative total return on the NASDAQ Market Index, the new Industrial Electrical Equipment Group (a select group of peer companies – Altra Industrial Motion Corp.;
+Added: The following graph compares, for the period from October 1, 2015 to September 30, 2020, the cumulative stockholder return on our common stock with the cumulative total return on the IShares Russell 2000, the Invesco S&P SmallCap 600 Energy, the NASDAQ Market Index, and the Industrial Electrical Equipment Group (a select group of peer companies – Altra Industrial Motion Corp.;
Ameresco, Inc.;
6 unchanged sentences
A O Smith Corporation;
−Removed: Thermon Group Holdings and Woodward, Inc.) and the old Industrial Electrical Equipment Group (Altra Industrial Motion Corp.;
−Removed: Ameresco, Inc.;
−Removed: Daktronics Inc.;
−Removed: Electro Scientific Industries, Inc.;
−Removed: Franklin Electric Co, Inc.;
−Removed: Littelfuse Inc.;
−Removed: LSI Industries Inc.;
−Removed: Preformed Line Products;
−Removed: A O Smith Corporation and Woodward, Inc.).
−Removed: The comparison assumes that $100 was invested on October 1, 2014, in our common stock, the NASDAQ Market Index and each of the new and old Industrial Electrical Equipment Group, and that all dividends were re-invested.
+Added: Thermon Group Holdings and Woodward, Inc.).
+Added: In Fiscal 2020, the IShares Russell 2000 and the Invesco S&P SmallCap 600 Energy were added as more comparable indices to replace the NASDAQ Market Index as this index is not necessarily indicative of Powell's performance or its peers.
+Added: The comparison assumes that $100 was invested on October 1, 2015, in our common stock, the IShares Russell 2000, the Invesco S&P SmallCap 600 Energy, the NASDAQ Market Index and the Industrial Electrical Equipment Group, and that all dividends were re-invested.
The stock price performance reflected on the following graph is not necessarily indicative of future stock price performance.
5 unchanged sentences
Years ended September 30,
+Added: 2020 2019 2018 2017 2016
Statement of Operations:
(In thousands, except per share data)
+Added: Revenues $ 518,499 $ 517,180 $ 448,716 $ 395,911 $ 565,243
Cost of goods sold 423,924 430,204 383,361 345,142 459,038
+Added: Gross profit 94,575 86,976 65,355 50,769 106,205
Selling, general and administrative expenses 67,662 69,950 66,768 61,524 74,924
2 unchanged sentences
Insurance proceeds — (950) — — —
−Removed: Restructuring, separation and other expenses, net
+Added: Restructuring and other, net 1,400 11 787 1,322 8,441
Operating income (loss) 19,071 11,461 (9,122) (19,338) 15,757
+Added: Other income (506) — (747) (2,029) (2,029)
Interest (income) expense, net (753) (873) (676) (390) (7)
1 unchanged sentence
Income tax provision (benefit) (1)
+Added: 3,670 2,444 (547) (7,433) 2,283
Net income (loss) $ 16,660 $ 9,890 $ (7,152) $ (9,486) $ 15,510
Earnings (loss) per share:
+Added: Basic $ 1.43 $ 0.85 $ (0.62) $ (0.83) $ 1.36
+Added: Diluted $ 1.42 $ 0.85 $ (0.62) $ (0.83) $ 1.36
(1) For an explanation of the effective tax rate for the last three fiscal years, see Note I of the Notes to Consolidated Financial Statements included elsewhere in this Annual Report.
Years ended September 30,
+Added: 2020 2019 2018 2017 2016
Balance Sheet Data:
1 unchanged sentence
Cash, cash equivalents and short-term investments (1)
+Added: $ 178,921 $ 124,681 $ 49,754 $ 95,188 $ 97,720
Property, plant and equipment, net 114,372 120,812 128,764 139,420 144,977
+Added: Total assets 472,278 467,411 429,951 414,986 462,516
Long-term debt, including current maturities 800 1,200 1,600 2,000 2,400
4 unchanged sentences
Years ended September 30,
+Added: 2020 2019 2018 2017 2016
Other Financial Data:
(In thousands)
+Added: Backlog $ 476,819 $ 419,012 $ 260,900 $ 250,123 $ 291,354
+Added: Bookings, net of cancellations and scope reductions 576,782 676,051 458,884 355,064 417,510
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.