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Powell Industries Announces Fiscal 2021 Third Quarter Results

Powell Industries Announces Fiscal 2021 Third Quarter Results
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Powell Industries Announces Fiscal 2021 Second Quarter Results

Powell Industries Announces Fiscal 2021 Second Quarter Results
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HOUSTON, May 4, 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 results for the fiscal 2021 second quarter ended March 31, 2021.
Fiscal Second Quarter Key Highlights:
Revenues totaled $119 million;
Net Loss was $0.2 million, or a $0.02 loss per diluted share;
Cash and short-term investments as of March 31, 2021 totaled $154 million.
Brett A. Cope, Powell s Chairman and Chief Executive Officer, stated, Our consolidated revenues for the second quarter were in-line with our expectations and higher by 11% sequentially. Additionally, we were pleased with our cash performance, generating $6 million of free cash flow during the quarter. New orders in the second quarter were $89 millio ....

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Powell Industries Declares Quarterly Cash Dividend

Powell Industries Declares Quarterly Cash Dividend
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HOUSTON, May 4, 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 its Board of Directors has declared a quarterly cash dividend on the Company s common stock in the amount of $0.26 per share. The dividend is payable on June 16, 2021 to shareholders of record at the close of business on May 19, 2021.
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 utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please ....

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Powell Industries Announces Retirement Of Chairman Emeritus Thomas W. Powell

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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 President and Chief Executive Officer from 1984 through September 2008, from September 2011 through August 2012 and again from December 2015 through September 2016. ....

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