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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) 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.
Powell Industries, Inc. (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on June 16, 2021. Shareholders of record on May 19, 2021 will receive this dividend. The company, based in Houston, specializes in custom-engineered solutions for managing, controlling, and distributing electrical energy, catering to industries including utilities, oil and gas, and mining.
Powell Industries, Inc. (NASDAQ: POWL) reported a net loss of $0.2 million for the fiscal 2021 second quarter, with revenues of $119 million, an 11% increase sequentially. The company’s backlog as of March 31, 2021, stood at $437 million, a 6% decline from the previous year. New orders totaled $89 million, consistent with the prior quarter but down from $301 million year-over-year. Cash and short-term investments were $154 million. The outlook remains cautious due to challenges in industrial markets, although positive growth is anticipated in utility and traction sectors.
Powell Industries, Inc. (NASDAQ: POWL) has announced the release of its fiscal second quarter results for the period ending March 31, 2021. The financial results will be disclosed on May 4, 2021, after market close. Following this, a live conference call is scheduled for May 5, 2021, at 11:00 a.m. ET, which will be accessible via phone or through the company's website. A telephonic replay will be available until May 12, 2021. Powell Industries is known for providing custom-engineered solutions for the management and distribution of electrical energy.
Powell Industries (NASDAQ: POWL) announced the retirement of Chairman Emeritus Thomas W. Powell, effective after the February 16, 2022, stockholders’ meeting. Powell's tenure spans over 50 years, including three terms as CEO. He emphasized the company's strong culture and values and expressed confidence in the executive management team led by Brett Cope. Cope acknowledged Powell's contributions to the company and highlighted Powell's resilience amid the COVID-19 pandemic. Powell Industries specializes in custom-engineered solutions for electrical energy management, serving a diverse range of industrial clients.
Powell Industries, Inc. (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on March 17, 2021. This dividend will be distributed to shareholders of record as of February 17, 2021. Based in Houston, Powell specializes in custom-engineered solutions for the management and distribution of electrical energy, serving industries such as utilities and oil and gas. This dividend declaration underscores the company's commitment to returning value to its shareholders.
Powell Industries reported fiscal Q1 2021 revenues of $107 million, down from $134.2 million in Q1 2020. The company incurred a net loss of $364,000 or $0.03 per diluted share. New orders totaled $91 million, a significant increase from $57 million in Q4 2020, yet lower than $137 million in Q1 2020. Backlog decreased to $465 million, a 2% decline from Q4 2020. Despite challenges in core markets, Powell remains optimistic about its backlog conversion and potential growth opportunities, especially in Utility and Traction sectors.