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Powell Industries, Inc. - POWL STOCK NEWS

Welcome to our dedicated news page for Powell Industries (Ticker: POWL), a resource for investors and traders seeking the latest updates and insights on Powell Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Powell Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Powell Industries's position in the market.

Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) announces the date and conference call details for its Fiscal 2024 Second Quarter Results. The results will be released on April 30, 2024, with a conference call scheduled for May 1, 2024, at 11:00 a.m. eastern time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
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-
Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) announced strong results for the Fiscal 2024 first quarter, with a 53% increase in revenues totaling $194 million, a gross profit of $48 million, and net income of $24 million. New orders totaled $198 million, and backlog nearly doubled to $1.3 billion. The company's CFO expressed optimism for the remainder of Fiscal 2024 and announced a 1% increase to the common stock dividend for the second consecutive year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
45.28%
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Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) has approved an increase to the quarterly cash dividend on the Company’s common stock to $0.2650 per share, equating to an annualized dividend of $1.06 per share from the current amount of $1.05 per share. The dividend is payable on March 13, 2024 to shareholders of record at the close of business on February 14, 2024. The decision reflects the Company’s strong operational and financial performance, as well as a healthy outlook for their business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
45.28%
Tags
dividends
Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) announced the release of fiscal Q1 2024 results on January 30, 2024, with a conference call scheduled for January 31, 2024. The company specializes in custom engineered solutions for electrical energy management, targeting large industrial customers. The call will be broadcast live on the company's website, with a telephonic replay and webcast archive available. Powell Industries, Inc. designs, manufactures, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy.
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Rhea-AI Sentiment
End-of-Day
0.17%
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Rhea-AI Summary
Powell Industries, a leading supplier of custom-engineered solutions for electrical energy management, reported strong results for the Fiscal 2023 fourth quarter and full year. Revenues increased by 28% to $209 million in Q4, with net income of $26 million. Full year revenues totaled $699 million, up 31% from the prior year, with net income of $54.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6%
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Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) will release results for the fiscal fourth quarter and full year ended September 30, 2023, on December 5, 2023, after the market closes. The company scheduled a conference call for December 6, 2023, at 11:00 a.m. eastern time. The call will be broadcast live within the Investor Relations section of the Company’s website. A telephonic replay and a webcast archive will also be available. Powell Industries, Inc., headquartered in Houston, designs, manufactures, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
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Rhea-AI Summary
Powell Industries, Inc. has declared a quarterly cash dividend of $0.2625 per share. The dividend will be payable on December 13, 2023, to shareholders of record on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
dividends
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Rhea-AI Summary
Powell Industries, Inc. (NASDAQ: POWL) announced its fiscal 2023 third-quarter results. Revenues increased by 42% to $192 million, backlog nearly tripled to a record $1.3 billion, and new orders totaled $505 million, an increase of $303 million. Gross margin improved to 22.2%. Net income more than doubled to $19 million. The company's outlook remains positive, with continued strength in core end markets and a strong balance sheet and liquidity position to support future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.57%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.57%
Tags
dividends
Rhea-AI Summary
Powell Industries, Inc. will release its fiscal third quarter results on August 1, 2023, and will hold a conference call on August 2, 2023 to discuss the earnings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
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Powell Industries, Inc.

Nasdaq:POWL

POWL Rankings

POWL Stock Data

1.51B
9.30M
22.64%
72.2%
9.68%
Switchgear and Switchboard Apparatus Manufacturing
Manufacturing
Link
United States
Houston

About POWL

as a global manufacturer, we utilize our core values: customer first, respect for our employees, continuous improvement and “can-do” attitude, to solve our customers’ toughest problems. at powell, we believe in being a partner to our customers by providing innovative engineered electrical power solutions and services. our offerings include: low & medium voltage electrical distribution packages, electrical and valve servicing, and a wide number of automation systems to increase the overall safety of your system. be sure to follow us for updates & to visit our website for more information: powellind.com an equal opportunity employer/vet/disability