Powell Inds Stock Price, News & Analysis

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 $0.2625 per share, resulting in an annualized dividend of $1.05. This change reflects the company's successful performance in 2022 and enhanced confidence in future cash flows. The dividend is set to be paid on March 15, 2023, to shareholders on record by February 15, 2023. Powell's leadership emphasized a balanced approach to shareholder returns while maintaining liquidity for working capital and preserving a strong balance sheet.

Powell Industries, Inc. (NASDAQ: POWL) will release its fiscal first quarter results for the period ending December 31, 2022, on January 31, 2023, after market close. A live conference call is scheduled for February 1, 2023, at 11:00 a.m. ET, accessible via phone or the company's website. A telephonic replay will be available until February 8, 2023. Powell Industries specializes in custom-engineered solutions for electrical energy management, serving various industrial sectors including utilities and petrochemicals. For further details, visit powellind.com.

Powell Industries, Inc. (NASDAQ: POWL) reported a strong fiscal 2022 performance, with fourth-quarter revenues of $163 million, up 26% year-over-year. Net income reached $9 million ($0.73 per diluted share), benefiting from a cost recovery. For the full year, revenues totaled $533 million, a 13% increase, with net income at $14 million ($1.15 per diluted share). New orders surged 78% to $719 million, and backlog hit a record $592 million, reflecting strong market activity, particularly in Oil, Gas & Petrochemical sectors. The company anticipates continued growth in fiscal 2023.