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) has announced it will release its fiscal fourth quarter and full year 2024 financial results on Tuesday, November 19, 2024 after market close. The company will host a conference call on Wednesday, November 20, 2024 at 11:00 a.m. eastern time to discuss the results. A telephonic replay will be available through November 27, 2024, and a webcast archive will be accessible for approximately 90 days on powellind.com.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share, payable on December 18, 2024, to shareholders of record as of November 20, 2024. The company is a leading supplier of custom engineered solutions for electrical energy management, control, and distribution, serving major industrial customers including utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
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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