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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) will release its fiscal fourth quarter results for the period ending September 30, 2021 on December 7, 2021, after market close. A conference call to discuss the results is scheduled for December 8, 2021, at 11:00 a.m. ET, accessible via phone or online. The call will be archived for later access until December 15, 2021. Powell Industries specializes in custom-engineered solutions for the distribution and control of electrical energy, serving sectors like utilities and oil and gas.
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.
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