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.
Company Overview
Powell Industries Inc is a United States-based manufacturer with a longstanding commitment to engineering excellence. Focused on delivering custom-engineered electrical power solutions, the company designs, manufactures, and services equipment for the distribution, control, and monitoring of electrical energy across heavy industrial sectors. By emphasizing a customer first philosophy, respect for employees, continuous improvement, and a can-do attitude, Powell demonstrates its capability to solve complex electrical challenges with innovative and reliable solutions.
Core Business Offerings
At its core, Powell Industries Inc develops specialized equipment that includes integrated power control room substations, electrical houses, and custom-engineered modules. Their product repertoire extends to traditional and arc-resistant distribution switchgear and control gear designed to serve critical applications within oil and gas refining, offshore production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, among other heavy industrial markets. The company’s offerings are not limited to manufacturing; it also provides comprehensive services including electrical and valve servicing as well as automation system integration intended to enhance safety and operational efficiency.
Engineering and Customization
Powell Industries distinguishes itself through an engineering-centric approach. The company invests in designing custom solutions that address the unique and intricate requirements of each client. By marrying technical expertise with a strong focus on innovation, Powell delivers products that not only meet stringent regulatory standards but also provide enhanced automation and control capabilities. This commitment to bespoke solutions allows the company to establish lasting partnerships with its customers by addressing some of the most challenging issues in electrical power distribution.
Market Position and Competitive Landscape
Operating primarily within the domestic US market, Powell Industries maintains a solid foundation in its core industry sectors while extending its reach globally to regions such as Canada, Europe, and Asia Pacific. Despite a competitive landscape that includes several specialized manufacturers, Powell differentiates itself through a unique blend of technical proficiency and a steadfast dedication to customer service. Their clear focus on offering tailored and safe electrical solutions has reinforced their market presence across diverse heavy industrial applications.
Commitment to Innovation and Quality
Innovation plays an integral role at Powell Industries Inc. The company’s continual investment in research and development has resulted in advanced electrical distribution systems that not only anticipate customer needs but also enhance overall system safety. This quality-driven approach is reflected in every aspect of their operations, from initial design and manufacturing to comprehensive servicing contracts that ensure the longevity and reliability of installed systems.
Global Service and Support
In addition to its manufacturing capabilities, Powell Industries Inc has established a reputation for robust customer support and service. With a focus on delivering complete, end-to-end solutions, the company offers extensive maintenance and service programs. These programs are designed to optimize operational efficiency and safety across its installed base globally. Whether through on-site servicing or remote support, Powell is committed to maintaining the high-performance standards required in complex industrial environments.
Operational Excellence and Values
Underpinning Powell Industries Inc’s operations is a set of core values that emphasize a customer-first approach and a deep respect for its workforce. This commitment is evidenced by their consistent performance in handling some of the toughest challenges in the electrical power industry. By fostering a culture of continuous improvement and leveraging a can-do attitude, Powell not only enhances the quality and innovation of its products but also builds trust with clients through transparent and dependable operational practices.
Through its comprehensive range of engineered solutions, dedicated service offerings, and unwavering commitment to quality, Powell Industries Inc has carved a niche in the global market for electrical energy distribution and control systems. Its systematic approach to addressing complex industrial challenges makes it a key participant in the industries it serves.
Powell Industries (NASDAQ: POWL), a leading supplier of custom engineered electrical energy solutions, has announced its participation in two major upcoming investor events in March 2025.
The company's leadership team, including Chairman and CEO Brett Cope and CFO Michael Metcalf, will attend the Cantor Technology Conference in New York City on March 12, 2025. At this event, Mr. Cope will join a panel discussion focused on data center suppliers and manufacturing reshoring.
Additionally, both executives will participate in a fireside chat during the 37th Annual ROTH Conference in Dana Point, California on March 17-18, 2025. Both events will feature one-on-one investor meetings, with interested investors advised to contact their Cantor and ROTH representatives to schedule meetings.
Powell Industries (NASDAQ: POWL) reported strong Q1 fiscal 2025 results with revenues of $241.4 million, up 24% year-over-year. The company achieved a net income of $34.8 million, or $2.86 per diluted share, representing a 44% increase from the previous year. New orders grew 36% to $269 million, with strong activity across all market sectors.
Revenue growth was driven by increases across all major sectors: Oil & Gas up 14% to $95.7 million, Electric Utility up 26% to $51.2 million, and Commercial & Other Industrial up 80% to $44.3 million. The company maintained a robust backlog of $1.3 billion and reported cash and short-term investments of $373 million.
Manufacturing capacity upgrades are on track for completion by mid-fiscal 2025, supporting organic growth and new product commercialization. The company's diversification efforts have expanded opportunities across markets including data centers, utilities, carbon capture, and hydrogen.
Powell Industries (NASDAQ: POWL) has announced a quarterly cash dividend increase to $0.2675 per share. The dividend will be paid on March 19, 2025, to shareholders of record as of February 19, 2025.
Powell Industries is a Houston-based company that specializes in designing, manufacturing, and servicing custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. Their primary markets include utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) has announced it will release its fiscal 2025 first quarter results, ended December 31, 2024, on Thursday, February 6, 2025, after market close. The company will host a conference call on Friday, February 7, 2025, at 11:00 a.m. eastern time.
The earnings call will be accessible via phone by dialing 1-833-953-2431 (domestic) or 1-412-317-5760 (international), and through a live webcast on the company's Investor Relations website. A replay will be available through February 14, 2025, and the webcast archive will be accessible for approximately 90 days.
Powell Industries is a Houston-based manufacturer of custom-engineered equipment for electrical energy distribution, control, and monitoring, serving utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) reported strong Q4 and full-year fiscal 2024 results. Q4 revenues increased 32% to $275 million, with net income up 74% to $46 million ($3.77 per share). Full-year revenues grew 45% to $1.0 billion, while net income surged 175% to $150 million ($12.29 per share). The company maintained a robust backlog of $1.3 billion and ended the period with $358 million in cash and short-term investments. Growth was primarily driven by the Petrochemical sector (+112%) and Oil & Gas sector (+23%). Gross profit margins improved significantly, reaching 29.2% in Q4 and 27.0% for the full year.
Powell Industries (NASDAQ: POWL) has announced it will release its fiscal fourth quarter and full year 2024 financial results on Tuesday, November 19, 2024 after market close. The company will host a conference call on Wednesday, November 20, 2024 at 11:00 a.m. eastern time to discuss the results. A telephonic replay will be available through November 27, 2024, and a webcast archive will be accessible for approximately 90 days on powellind.com.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share, payable on December 18, 2024, to shareholders of record as of November 20, 2024. The company is a leading supplier of custom engineered solutions for electrical energy management, control, and distribution, serving major industrial customers including utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways.
Powell Industries (NASDAQ: POWL) reported strong fiscal Q3 2024 results, with revenues up 50% to $288.2 million and net income of $46.2 million ($3.79 per diluted share). The company saw significant growth across sectors, particularly in Oil and Gas (56% increase) and Petrochemical (158% increase). Gross profit margin improved to 28.4%, driven by higher volumes and improved efficiencies. New orders totaled $356 million, with a notable increase in the Electric Utility sector. The backlog remained stable at $1.3 billion. Powell's strong financial position, with $374 million in cash and short-term investments, supports ongoing investments in capacity expansion, including recent property acquisition near its Houston headquarters.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.2650 per share, payable on September 18, 2024 to shareholders of record as of August 14, 2024. The company, headquartered in Houston, Texas, is a leading supplier of custom-engineered solutions for electrical energy management, control, and distribution. Powell serves diverse markets including oil and gas, petrochemical, electric utility, light rail traction power, and various industrial sectors such as data centers, mining, and pulp and paper. Their products are important for protecting and controlling electrically powered equipment in these industries.
Powell Industries (NASDAQ: POWL) has announced the release date for its fiscal 2024 third quarter results. The company, a leading supplier of custom engineered solutions for electrical energy management, will disclose its financial results on Tuesday, July 30, 2024, after market close. A conference call is scheduled for Wednesday, July 31, 2024, at 11:00 a.m. eastern time to discuss the results.
Investors can access the call by dialing 1-833-953-2431 (domestic) or 1-412-317-5760 (international) or via webcast on the company's website. A replay will be available until August 7, 2024. Powell Industries serves large industrial customers including utilities, oil and gas producers, refineries, and commuter railways.
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