Powell Industries, Inc. (NASDAQ:POWL) Q1 2024 Earnings Call Transcript

Brett Cope: Yes. On the gas related comments, I made in the prepared remarks, John, I still feel good. I mean, clearly the uncertainty on timing has ticked up a little bit over the last few weeks. So I anticipate it may draw out a little further. But when I look at the other things that are going on in the energy transition, there’s still a lot of activity. Are the uncertainties slowly increasing? Yes, that was the reason for the comment also on the lithium side, this commercial, the industrial has been a great new market as we kind of build new channels and build onto Powell since the post-pandemic. But what, well, just experience is how quick it could spin down as well. So there’s still a lot of activity in that segment. Feel good about it in the near-term, but maybe slightly more uncertainty as we go out mid-term.

John Franzreb: Okay. Fair enough. Thank you guys for taking my follow-up.

Brett Cope : All right.

Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Brett Cope for any closing remarks.

Brett Cope: Thank you, Gary. As you’ve heard from Mike and me, we are pleased with our first quarter results and the momentum it provides through the balance of fiscal 2024. And to our incredible employees, well done. I am fortunate and proud to be a part of a group of talented individuals with Powell can do on full display and demonstrating a laser focus on the success of our customers. With that, thank you for joining us this morning. We appreciate your continued interest in Powell and look forward to updating everyone next quarter.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.