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. develops, designs, manufactures and services custom-engineered equipment and systems for the distribution, control, monitoring and protection of electrical energy. Its products include integrated power control room substations, custom-engineered modules, electrical houses, distribution switchgear and control gear used by oil and gas, petrochemical, electric utility, commercial and industrial, light rail traction power, university and government customers.
Powell news commonly covers fiscal results, project execution, new orders and backlog, demand from industrial and utility markets, quarterly dividends and capital actions such as common-stock split activity. Company updates also discuss channels through original equipment manufacturers and distribution market channels.
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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