Powell Industries Announces Fiscal 2024 Second Quarter Results
Powell Industries, Inc. (POWL)
US:NASDAQ Investor Relations:
investor.shareholder.com/powell
Company Research
Source: GlobeNewswire
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 short-term investments as of March 31, 2024, totaled $365 million. Brett A. Cope, Powell’s Chairman and Chief Executive Officer, stated, “Powell delivered solid second quarter results supported by continued growth within our Industrial end markets as well as strong performances from both our E
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POWL
Earnings
- 4/30/24 - Beat
POWL
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form 144
- 5/1/24 - Form 10-Q
- POWL's page on the SEC website