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 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.