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, 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.
Powell Industries, Inc. (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on December 14, 2022. Shareholders of record by November 16, 2022 will be eligible for this dividend. Powell specializes in custom-engineered solutions for the management and distribution of electrical energy across various industries, including utilities and oil and gas. This dividend announcement reflects the company's ongoing commitment to returning value to shareholders.
Powell Industries, Inc. (NASDAQ: POWL) reported a strong fiscal Q3 2022, with revenues reaching $135 million and net income of $9 million, or $0.76 per diluted share. This includes gains from the sale of a non-core division and a tax benefit, contributing significantly to net income. New orders totaled $202 million, marking a two-year high and a backlog of $503 million was recorded. The company is optimistic about continued recovery in its industrial markets, despite supply chain challenges.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend is payable on September 21, 2022, to shareholders on record by August 17, 2022. The company is noted for providing custom-engineered solutions for electrical energy management and services various industries, including utilities and oil and gas. For more details, visit powellind.com.
Powell Industries, Inc. (NASDAQ: POWL) has scheduled its fiscal 2022 third-quarter earnings release for August 2, 2022, after the market closes. Following this, a conference call will be held on August 3, 2022, at 11:00 a.m. ET, accessible via phone or through the company's website. This call will provide insights into the company's financial performance, including earnings and revenue details. A replay of the call will be available until August 10, 2022, for those unable to attend the live session.
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.