Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. Its products have application in voltages ranging from 480 volts to 38,000 volts; and are used in oil and gas refining, offshore oil and gas production, petrochemical, liquid natural gas terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets. It also provides value-added services, such as spare parts, field service inspection, installation, commissioning, modification and repair, retrofit and retrofill components for existing systems, and replacement circuit breakers for switchgear. The company has operations in the United States, Canada, the Middle East, Africa, the Far East, Europe, Mexico, and Central and South America. Powell Industries, Inc. was founded in 1947 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: powellind.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2022 | Buy → Neutral | Sidoti | |
| 3/29/2022 | $26.00 | Neutral → Buy | Sidoti |
HOUSTON, March 5, 2021 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control, and distribution of electrical energy, today announced that Chairman Emeritus Thomas W. Powell has elected to retire from the Company's Board of Directors at the conclusion of his current term which ends at the February 16, 2022 Meeting of Stockholders. Mr. Powell's decision comes after more than 50 years of service having started with the Company in 1964. Prior to his Chairman Emeritus role, Mr. Powell served as the Company's Chairman of the Board from 1984 through September 2019. Mr. Powell also served three terms as the Company's
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the third quarter of fiscal 2024 ended June 30, 2024. All comparisons are to the third quarter of fiscal 2023, unless otherwise noted. Third Quarter Key Financial Highlights: Revenues totaled $288 million, an increase of 50%;Gross profit of $82 million, or 28.4% of revenue;Net income of $46 million, or $3.79 per diluted share;New orders(1) totaled $356 million, spread broadly across our key end markets;Backlog(2) as of June 30, 2024 remained at $1.3 billion;Cash a
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock of $0.2650 per share. The dividend is payable on September 18, 2024 to shareholders of record at the close of business on August 14, 2024. Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, tr
HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal third quarter ended June 30, 2024 on Tuesday, July 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, July 31, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q3 Earnings Conference CallWhen:Wednesday, July 31, 2024 – 11:00 a.m. eastern / 10:
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 second quarter ended March 31, 2024. All comparisons are to the second quarter of Fiscal 2023, unless otherwise noted. Second Quarter Key Highlights: Revenues totaled $255 million, an increase of 49%;Gross profit of $63 million, or 24.6% of revenue, a 510 basis point improvement;Net income of $33 million, or $2.75 per diluted share;New orders(1) totaled $235 million;Backlog(2) as of March 31, 2024, remained at $1.3 billion;Cash and sho
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock of $0.2650 per share. The dividend is payable on June 12, 2024 to stockholders of record at the close of business on May 15, 2024. Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as ut
HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal second quarter ended March 31, 2024 on Tuesday, April 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, May 1, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q2 Earnings Conference Call When:Wednesday, May 1, 2024 – 11:00 a.m. eastern / 10:0
HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. First Quarter Key Highlights: Revenues totaled $194 million, an increase of 53%;Gross profit of $48 million, or 24.8% of revenue, an improvement of 950 basis points;Net Income of $24 million, or $1.98 per diluted share;New orders totaled $198 million;As of December 31, 2023, backlog had nearly doubled to $1.3 billion
HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has approved an increase to the quarterly cash dividend on the Company's common stock to $0.2650 per share, equating to an annualized dividend of $1.06 per share from the current amount of $1.05 per share. The dividend is payable on March 13, 2024 to shareholders of record at the close of business on February 14, 2024. "For the second consecutive year, the Board's decision to increase the dividend reflects the Company's strong operational and financi
HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal first quarter ended December 31, 2023 on Tuesday, January 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, January 31, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q1 Earnings Conference CallWhen:Wednesday, January 31, 2024 – 11:00 a.m.
HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2023 fourth quarter and full year ended September 30, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. Fourth Quarter Key Highlights: Revenues totaled $209 million, an increase of 28%;Gross profit was $52 million, or 24.9% of revenue, an improvement of 430 basis points;Net Income was $26 million, or $2.17 per diluted share, and included: Unusual items resulting in a benefit of $0.22 per diluted share;
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HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the third quarter of fiscal 2024 ended June 30, 2024. All comparisons are to the third quarter of fiscal 2023, unless otherwise noted. Third Quarter Key Financial Highlights: Revenues totaled $288 million, an increase of 50%;Gross profit of $82 million, or 28.4% of revenue;Net income of $46 million, or $3.79 per diluted share;New orders(1) totaled $356 million, spread broadly across our key end markets;Backlog(2) as of June 30, 2024 remained at $1.3 billion;Cash a
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock of $0.2650 per share. The dividend is payable on September 18, 2024 to shareholders of record at the close of business on August 14, 2024. Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, tr
HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal third quarter ended June 30, 2024 on Tuesday, July 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, July 31, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q3 Earnings Conference CallWhen:Wednesday, July 31, 2024 – 11:00 a.m. eastern / 10:
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 second quarter ended March 31, 2024. All comparisons are to the second quarter of Fiscal 2023, unless otherwise noted. Second Quarter Key Highlights: Revenues totaled $255 million, an increase of 49%;Gross profit of $63 million, or 24.6% of revenue, a 510 basis point improvement;Net income of $33 million, or $2.75 per diluted share;New orders(1) totaled $235 million;Backlog(2) as of March 31, 2024, remained at $1.3 billion;Cash and sho
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock of $0.2650 per share. The dividend is payable on June 12, 2024 to stockholders of record at the close of business on May 15, 2024. Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as ut
HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal second quarter ended March 31, 2024 on Tuesday, April 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, May 1, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q2 Earnings Conference Call When:Wednesday, May 1, 2024 – 11:00 a.m. eastern / 10:0
HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. First Quarter Key Highlights: Revenues totaled $194 million, an increase of 53%;Gross profit of $48 million, or 24.8% of revenue, an improvement of 950 basis points;Net Income of $24 million, or $1.98 per diluted share;New orders totaled $198 million;As of December 31, 2023, backlog had nearly doubled to $1.3 billion
HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has approved an increase to the quarterly cash dividend on the Company's common stock to $0.2650 per share, equating to an annualized dividend of $1.06 per share from the current amount of $1.05 per share. The dividend is payable on March 13, 2024 to shareholders of record at the close of business on February 14, 2024. "For the second consecutive year, the Board's decision to increase the dividend reflects the Company's strong operational and financi
HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal first quarter ended December 31, 2023 on Tuesday, January 30, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations section of the Company's website, on Wednesday, January 31, 2024 at 11:00 a.m. eastern time. What:Powell Industries Fiscal 2024 Q1 Earnings Conference CallWhen:Wednesday, January 31, 2024 – 11:00 a.m.
HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2023 fourth quarter and full year ended September 30, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. Fourth Quarter Key Highlights: Revenues totaled $209 million, an increase of 28%;Gross profit was $52 million, or 24.9% of revenue, an improvement of 430 basis points;Net Income was $26 million, or $2.17 per diluted share, and included: Unusual items resulting in a benefit of $0.22 per diluted share;
Sidoti downgraded Powell Inds from Buy to Neutral
Sidoti upgraded Powell Inds from Neutral to Buy and set a new price target of $26.00
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Powell Industries's (NYSE:POWL) short percent of float has risen 29.11% since its last report. The company recently reported that it has 1.87 million shares sold short, which is 23.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
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