Powell Inds Stock Price, News & Analysis

Powell Industries reported fiscal Q2 2022 results with revenues of $128 million, showing a year-over-year growth compared to $118.7 million in Q2 2021. The net loss for the quarter was $1.2 million, or $0.10 per diluted share, an improvement from the previous quarter's loss of $2.8 million. New orders reached $151 million, reflecting a 6% growth in backlog totaling $440 million. The company is optimistic about recovery in core markets and expects profitability to improve further in the second half of fiscal 2022.

Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on June 15, 2022, to shareholders of record by May 18, 2022. This dividend reflects the company's commitment to returning value to shareholders as a leading provider of custom-engineered solutions for electrical energy management. Powell serves diverse markets, including utilities and industrial sectors.

Powell Industries, Inc. (NASDAQ: POWL) will report its fiscal second quarter results for the period ending March 31, 2022, on May 3, 2022, post-market. A conference call is scheduled for May 4, 2022, at 11:00 AM ET, accessible via phone and online. Powell Industries specializes in custom-engineered solutions for electrical energy management, serving sectors such as utilities and oil and gas. The call will provide insights into the company's performance and future outlook.

Powell Industries (NASDAQ: POWL) reported a net loss of $2.8 million, or $0.24 per diluted share, for Q1 FY2022. Revenues were $107 million, consistent with Q1 FY2021 but down from $129.5 million in Q4 FY2021. New orders totaled $108 million, with a backlog of $416 million. Despite inflation impacting gross margins, the company sees steady recovery in its core industrial markets. CFO Michael Metcalf noted cautious optimism for continued recovery while managing inflationary pressures and maintaining a strong balance sheet.

On February 1, 2022, Powell Industries declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend will be payable on March 16, 2022 to shareholders of record by the close of business on February 16, 2022. Powell Industries, based in Houston, specializes in custom-engineered solutions for the management and distribution of electrical energy, catering to large industrial clients including utilities and petrochemical plants.

Powell Industries (NASDAQ: POWL) will release its fiscal first quarter results on February 8, 2022, after market close. A conference call is scheduled for February 9, 2022, at 11:00 AM ET, available via phone and online. The company specializes in custom-engineered solutions for electrical energy management and serves large industrial clients, including utilities and petrochemical producers. The teleconference replay will be available until February 16, 2022, along with an archived webcast on their website.

Powell Industries, Inc. (NASDAQ: POWL) reported its fiscal 2021 results, highlighting a fourth quarter revenue of $130 million and net income of $3.3 million or $0.28 per diluted share. For the full year, revenues reached $471 million with a net income of $0.6 million or $0.05 per diluted share. New orders in Q4 increased to $121 million, contributing to a backlog of $415 million. CEO Brett A. Cope emphasized a strong finish despite challenges, while CFO Michael Metcalf projected improving profitability in the second half of fiscal 2022 amidst ongoing supply chain issues.

Powell Industries (NASDAQ: POWL) will release its fiscal fourth quarter results for the period ending September 30, 2021 on December 7, 2021, after market close. A conference call to discuss the results is scheduled for December 8, 2021, at 11:00 a.m. ET, accessible via phone or online. The call will be archived for later access until December 15, 2021. Powell Industries specializes in custom-engineered solutions for the distribution and control of electrical energy, serving sectors like utilities and oil and gas.

Powell Industries, Inc. (NASDAQ: POWL) announced a quarterly cash dividend of $0.26 per share, payable on December 15, 2021, to shareholders of record by the close of business on November 17, 2021. The company, based in Houston, specializes in custom-engineered solutions for managing and distributing electrical energy, serving sectors including utilities, oil and gas, and manufacturing. This dividend marks a commitment to returning value to shareholders amidst its operational activities in diverse industrial markets.