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, Inc. (NASDAQ: POWL) reported a strong fiscal Q3 2022, with revenues reaching $135 million and net income of $9 million, or $0.76 per diluted share. This includes gains from the sale of a non-core division and a tax benefit, contributing significantly to net income. New orders totaled $202 million, marking a two-year high and a backlog of $503 million was recorded. The company is optimistic about continued recovery in its industrial markets, despite supply chain challenges.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend is payable on September 21, 2022, to shareholders on record by August 17, 2022. The company is noted for providing custom-engineered solutions for electrical energy management and services various industries, including utilities and oil and gas. For more details, visit powellind.com.
Powell Industries, Inc. (NASDAQ: POWL) has scheduled its fiscal 2022 third-quarter earnings release for August 2, 2022, after the market closes. Following this, a conference call will be held on August 3, 2022, at 11:00 a.m. ET, accessible via phone or through the company's website. This call will provide insights into the company's financial performance, including earnings and revenue details. A replay of the call will be available until August 10, 2022, for those unable to attend the live session.
Powell Industries reported fiscal Q2 2022 results with revenues of $128 million, showing a year-over-year growth compared to $118.7 million in Q2 2021. The net loss for the quarter was $1.2 million, or $0.10 per diluted share, an improvement from the previous quarter's loss of $2.8 million. New orders reached $151 million, reflecting a 6% growth in backlog totaling $440 million. The company is optimistic about recovery in core markets and expects profitability to improve further in the second half of fiscal 2022.
Powell Industries (NASDAQ: POWL) has declared a quarterly cash dividend of $0.26 per share, payable on June 15, 2022, to shareholders of record by May 18, 2022. This dividend reflects the company's commitment to returning value to shareholders as a leading provider of custom-engineered solutions for electrical energy management. Powell serves diverse markets, including utilities and industrial sectors.
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.
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