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Powell Industries Inc (NASDAQ: POWL) delivers custom-engineered electrical solutions for global industrial markets. This news hub provides investors and industry professionals with official updates on corporate developments, financial performance, and technological advancements.
Access timely press releases covering earnings announcements, product innovations, strategic partnerships. Our curated collection ensures transparent tracking of operational milestones in power distribution systems and industrial automation solutions.
Discover updates across key business areas including electrical control systems, safety-enhanced switchgear deployments, and international expansion efforts. Content spans financial disclosures, project awards, and leadership updates relevant to energy infrastructure sectors.
Bookmark this page for direct access to POWL's verified corporate communications. Monitor evolving capabilities in mission-critical power management solutions serving oil and gas, utilities, and heavy industrial applications.
Powell Industries (NASDAQ: POWL) reported strong fiscal Q3 2024 results, with revenues up 50% to $288.2 million and net income of $46.2 million ($3.79 per diluted share). The company saw significant growth across sectors, particularly in Oil and Gas (56% increase) and Petrochemical (158% increase). Gross profit margin improved to 28.4%, driven by higher volumes and improved efficiencies. New orders totaled $356 million, with a notable increase in the Electric Utility sector. The backlog remained stable at $1.3 billion. Powell's strong financial position, with $374 million in cash and short-term investments, supports ongoing investments in capacity expansion, including recent property acquisition near its Houston headquarters.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share, payable on September 18, 2024 to shareholders of record as of August 14, 2024. The company, headquartered in Houston, Texas, is a leading supplier of custom-engineered solutions for electrical energy management, control, and distribution. Powell serves diverse markets including oil and gas, petrochemical, electric utility, light rail traction power, and various industrial sectors such as data centers, mining, and pulp and paper. Their products are important for protecting and controlling electrically powered equipment in these industries.
Powell Industries (NASDAQ: POWL) has announced the release date for its fiscal 2024 third quarter results. The company, a leading supplier of custom engineered solutions for electrical energy management, will disclose its financial results on Tuesday, July 30, 2024, after market close. A conference call is scheduled for Wednesday, July 31, 2024, 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) or via webcast on the company's website. A replay will be available until August 7, 2024. Powell Industries serves large industrial customers including utilities, oil and gas producers, refineries, and commuter railways.
Powell Industries, Inc. (NASDAQ: POWL) announced fiscal 2024 second quarter results with revenues of $255 million, a 49% increase. Gross profit improved to $63 million, net income reached $33 million, new orders were $235 million, and backlog stood at $1.3 billion. Revenues grew across various sectors, with strong performance in Oil and Gas and Petrochemical sectors. Despite a decline in new orders year-over-year due to large projects in the previous year, overall financial performance was robust.
Powell Industries, Inc. (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share. The dividend will be payable on June 12, 2024, to stockholders of record as of May 15, 2024. Powell Industries is a top provider of custom engineered solutions for electrical energy management, control, and distribution.
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