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 (NASDAQ: POWL) will release its fiscal first quarter results for the period ending December 31, 2020, on February 2, 2021, after market closure. A conference call for investors is scheduled for February 3, 2021, at 11:00 a.m. Eastern Time, where key financial metrics will be discussed. Investors can participate via phone or through a live webcast at Powell's website. A replay of the call will be available until February 10, 2021. Powell Industries specializes in custom-engineered solutions for electrical energy management, serving various large industrial clients.
Powell Industries reported fourth quarter revenues of $115 million for fiscal 2020, with a net income of $3.0 million or $0.25 per diluted share. The company's backlog decreased by 10% to $477 million, down from $532 million in the previous quarter. New orders totaled $57 million, significantly lower than prior periods. The CEO expressed confidence in managing through current market challenges while maintaining a strong balance sheet. The company anticipates a continued difficult industrial environment for fiscal 2021.
Powell Industries (NASDAQ: POWL) announced the release of its fiscal fourth quarter and full-year results for the year ended September 30, 2020, on December 8, 2020, after market close. A conference call will follow on December 9, 2020, at 11:00 a.m. ET, accessible via phone and live webcast. The company specializes in custom-engineered solutions for electrical energy management, serving major industrial sectors, including utilities and petrochemical plants. A replay of the call will be available until December 16, 2020.
Powell Industries, a leader in custom engineered solutions for electrical energy management, has declared a quarterly cash dividend of $0.26 per share. This dividend is payable on December 16, 2020, to shareholders of record by November 18, 2020. The company continues to serve large industrial markets, including utilities and oil and gas sectors, ensuring ongoing income streams for its investors.
Powell Industries, Inc. (NASDAQ: POWL) reported third-quarter results for fiscal 2020, with revenues of $118.1 million, down from $151.6 million in the previous quarter and $135.6 million year-over-year. Net income decreased to $3.5 million or $0.30 per diluted share, from $7.4 million or $0.64 per diluted share sequentially. The company faced $1.2 million in restructuring costs but gained $1.7 million from tax benefits. New orders totaled $81 million, down from $145 million a year ago, while backlog stood at $532 million, up from $407 million last year.
Powell Industries has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend will be paid on September 16, 2020, to shareholders who are on record as of the close of business on August 19, 2020. Powell Industries is recognized for supplying custom-engineered solutions for the management and distribution of electrical energy, serving large industrial sectors including utilities, oil and gas, and mining operations.
Powell Industries, Inc. (NASDAQ: POWL) will release its fiscal 2020 third quarter results on August 4, 2020 after market close. A conference call discussing the results is scheduled for August 5, 2020 at 11:00 a.m. ET. Investors can participate via phone or through a webcast available at powellind.com. A replay will be accessible until August 12, 2020. Powell Industries specializes in custom-engineered solutions for electrical energy management, serving various industrial sectors.