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, 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.
Powell Industries (NASDAQ: POWL) reported third-quarter fiscal 2021 results, revealing revenues of $116 million, a net loss of $2 million or $0.17 per diluted share, and a backlog of $426 million as of June 30, 2021. New orders increased to $103 million, showing improvement from previous quarters. Revenue from Traction and Utility segments grew significantly by 52% and 57%, respectively. The company remains cautious due to inflationary pressures on commodities and operating activity levels but is optimistic about stabilization in key markets.
Powell Industries, Inc. (NASDAQ: POWL) has announced a quarterly cash dividend of $0.26 per share, payable on September 15, 2021. Shareholders of record as of August 18, 2021 are eligible to receive this dividend. Powell Industries specializes in engineered solutions for the management and distribution of electrical energy, catering to large industrial clients including utilities and oil producers. This dividend declaration reflects the company's commitment to returning value to its shareholders.
Powell Industries (NASDAQ: POWL) will release its fiscal third quarter results for the period ending June 30, 2021, on August 3, 2021, after market close. A conference call to discuss the results is scheduled for August 4, 2021, at 11:00 a.m. ET, accessible via phone or online. The company specializes in custom-engineered solutions for the management and distribution of electrical energy, serving sectors such as utilities and oil & gas.