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Stock impact report

Powell Industries Announces Fiscal 2018 Fourth Quarter Results

Powell Industries, Inc (POWL)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: investor.shareholder.com/powell
PDF HOUSTON, Dec. 11, 2018 /PRNewswire/ -- 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 2018 fourth quarter and year ended September 30, 2018. Revenues for the fourth quarter of fiscal 2018 were $134.9 million compared to revenues of $95.0 million for the fourth quarter of fiscal 2017.  The Company reported net income for the fourth quarter of $1.5 million, or $0.13 per diluted share, compared to a net loss of $5.1 million, or $0.45 per diluted share, for the fourth quarter of fiscal 2017.Brett A. Cope, Powell's President and Chief Executive Officer, stated, "Our fourth quarter 2018 results reflect our efforts to improve operational efficiencies, with top-line growth driven in large part by our U.S. operations.  While both project size and margins realized during the quarter remain consistent with the first half of this fiscal year, new ord [Read more]
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