Welcome to our dedicated page for Powell Inds news (Ticker: POWL), a resource for investors and traders seeking the latest updates and insights on Powell Inds stock.
Powell Industries, Inc. (NASDAQ: POWL) is a Houston-based manufacturer that develops, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. News about Powell often centers on its performance as a supplier of custom-engineered solutions for the management, control and distribution of electrical energy across oil and gas, petrochemical, electric utility, commercial and other industrial markets.
On this page, readers can follow company announcements such as quarterly and full-year earnings results, which Powell regularly reports for its fiscal periods, along with details on revenues, gross profit, net income, new orders and backlog. The company also issues news about dividend declarations approved by its Board of Directors, providing updates on quarterly cash dividends on its common stock.
Powell’s news flow includes strategic and operational updates, such as investments to expand production capacity at its manufacturing facilities and agreements to acquire businesses that support its electrical automation platform. For example, Powell has announced a definitive agreement to acquire Remsdaq Ltd., a U.K.-based manufacturer of SCADA remote terminal units for electrical substation control and automation in generation, transmission and distribution, and has discussed investments to expand capacity at its Jacintoport manufacturing facility in Houston.
Investors and followers of POWL can also expect updates on end-market activity across sectors such as oil and gas, petrochemical, electric utilities, light rail traction power, and commercial and other industrial markets, as described in the company’s earnings releases. This news page helps readers track how Powell’s custom-engineered electrical distribution and control solutions are being applied in large industrial projects, including utilities, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways.
Powell Industries (NASDAQ: POWL), a leading supplier of custom engineered electrical energy solutions, has scheduled its fiscal 2025 third quarter earnings release and conference call. The company will release Q3 results on Tuesday, August 5, 2025 after market close, followed by a conference call on Wednesday, August 6, 2025 at 11:00 a.m. ET.
Investors can access the call by dialing 1-833-953-2431 (domestic) or 1-412-317-5760 (international) or via webcast at powellind.com. A replay will be available through August 13, 2025, and the webcast archive will be accessible for approximately 90 days.
Powell Industries (NASDAQ: POWL) has announced a definitive agreement to acquire Remsdaq Ltd., a UK-based manufacturer of Remote Terminal Units (RTUs), for £12.2 million (approximately $16.3 million USD). The acquisition aligns with Powell's strategic initiative to expand its automation platform capabilities.
The transaction includes an upfront payment of £9.2 million, with the remaining amount contingent upon Remsdaq meeting specific technical and financial milestones. The deal, expected to close in Q4 2025, will be funded with cash on hand. Upon completion, Remsdaq will become a wholly owned subsidiary of Powell (U.K.) Ltd.
The strategic combination integrates Powell's hardware and detection sensors with Remsdaq's SCADA RTUs, positioning the company to address growing demand for sophisticated utility operational efficiency solutions.
Powell Industries (NASDAQ: POWL) has announced a quarterly cash dividend of $0.2675 per share. The dividend will be paid on June 18, 2025, to shareholders of record as of the close of business on May 21, 2025.
Powell Industries is a Houston-based company that specializes in designing, manufacturing, and servicing custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. Their primary markets include utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) has announced it will release its fiscal 2025 second quarter financial results on Tuesday, May 6, 2025, after market close. The company will host a conference call on Wednesday, May 7, 2025, at 11:00 a.m. eastern time to discuss the results.
Investors can access the call by dialing 1-833-953-2431 (domestic) or 1-412-317-5760 (international). A replay will be available through May 14, 2025. The webcast will be accessible on powellind.com for approximately 90 days.
Powell Industries is a Houston-based manufacturer of custom-engineered equipment for electrical energy distribution, control, and monitoring, serving utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL), a leading supplier of custom engineered electrical energy solutions, has announced its participation in two major upcoming investor events in March 2025.
The company's leadership team, including Chairman and CEO Brett Cope and CFO Michael Metcalf, will attend the Cantor Technology Conference in New York City on March 12, 2025. At this event, Mr. Cope will join a panel discussion focused on data center suppliers and manufacturing reshoring.
Additionally, both executives will participate in a fireside chat during the 37th Annual ROTH Conference in Dana Point, California on March 17-18, 2025. Both events will feature one-on-one investor meetings, with interested investors advised to contact their Cantor and ROTH representatives to schedule meetings.
Powell Industries (NASDAQ: POWL) reported strong Q1 fiscal 2025 results with revenues of $241.4 million, up 24% year-over-year. The company achieved a net income of $34.8 million, or $2.86 per diluted share, representing a 44% increase from the previous year. New orders grew 36% to $269 million, with strong activity across all market sectors.
Revenue growth was driven by increases across all major sectors: Oil & Gas up 14% to $95.7 million, Electric Utility up 26% to $51.2 million, and Commercial & Other Industrial up 80% to $44.3 million. The company maintained a robust backlog of $1.3 billion and reported cash and short-term investments of $373 million.
Manufacturing capacity upgrades are on track for completion by mid-fiscal 2025, supporting organic growth and new product commercialization. The company's diversification efforts have expanded opportunities across markets including data centers, utilities, carbon capture, and hydrogen.
Powell Industries (NASDAQ: POWL) has announced a quarterly cash dividend increase to $0.2675 per share. The dividend will be paid on March 19, 2025, to shareholders of record as of February 19, 2025.
Powell Industries is a Houston-based company that specializes in designing, manufacturing, and servicing custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. Their primary markets include utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) has announced it will release its fiscal 2025 first quarter results, ended December 31, 2024, on Thursday, February 6, 2025, after market close. The company will host a conference call on Friday, February 7, 2025, at 11:00 a.m. eastern time.
The earnings call will be accessible via phone by dialing 1-833-953-2431 (domestic) or 1-412-317-5760 (international), and through a live webcast on the company's Investor Relations website. A replay will be available through February 14, 2025, and the webcast archive will be accessible for approximately 90 days.
Powell Industries is a Houston-based manufacturer of custom-engineered equipment for electrical energy distribution, control, and monitoring, serving utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) reported strong Q4 and full-year fiscal 2024 results. Q4 revenues increased 32% to $275 million, with net income up 74% to $46 million ($3.77 per share). Full-year revenues grew 45% to $1.0 billion, while net income surged 175% to $150 million ($12.29 per share). The company maintained a robust backlog of $1.3 billion and ended the period with $358 million in cash and short-term investments. Growth was primarily driven by the Petrochemical sector (+112%) and Oil & Gas sector (+23%). Gross profit margins improved significantly, reaching 29.2% in Q4 and 27.0% for the full year.