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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, Inc. (NASDAQ: POWL), a leader in custom engineered solutions for electrical energy management, announced that it will disclose its fiscal second quarter results for the period ending March 31, 2023, on May 2, 2023, after market close. A live conference call to discuss these results is scheduled for May 3, 2023, at 11:00 a.m. Eastern Time. Participants can join the call by dialing the provided numbers or accessing the link on Powell's Investor Relations website. A telephonic replay will be available until May 10, 2023. Powell Industries serves major industrial clients including utilities and oil companies, highlighting its significant role in energy distribution and control.
On January 31, 2023, Powell Industries announced its fiscal 2023 first-quarter results, reporting revenues of $127 million, a 19% increase from the previous year. The company's backlog reached a record $680 million, a 63% increase year-over-year. New orders totaled $212 million, significantly up from $108 million last year. Net income stood at $1 million, or $0.10 per diluted share. The company cited strong performance in its Oil, Gas & Petrochemical markets and expressed optimism for continued growth in fiscal 2023, supported by a robust backlog and improved market conditions.
Powell Industries (NASDAQ: POWL) announced a 1% increase in its quarterly cash dividend to
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