Powell Industries, Inc. (POWL) Misses Q1 EPS by 12c, Reaffirms FY2014 Guidance

Powell Industries, Inc. (NASDAQ: POWL) reported Q1 EPS of $0.58, $0.12 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $162.3 million versus the consensus estimate of $177.77 million.

OUTLOOK

The following statements are based on the current expectations of the Company for its continuing operations. These statements are forward-looking, and actual results may differ materially as further elaborated in the last paragraph below.

Based on its backlog and current business conditions, Powell Industries continues to expect full year fiscal 2014 revenues from continuing operations to range between $700 million and $750 million and fiscal year 2014 earnings to range between $2.85 and $3.35 per diluted share. This earnings guidance excludes the discontinued operations of Transdyn, Inc. and the associated gain on sale.

For earnings history and earnings-related data on Powell Industries, Inc. (POWL) click here.

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