Powell Industries (POWL) Misses Q1 EPS by 22c

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Go back to Powell Industries (POWL) Misses Q1 EPS by 22c

Powell Industries Announces Fiscal 2019 First Quarter Results

February 5, 2019 4:20 PM EST

HOUSTON, Feb. 5, 2019 /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 2019 first quarter ended December 31, 2018.

Revenues for the first quarter of fiscal 2019 were $109.4 million compared to revenues of $90.2 million for the first quarter of fiscal 2018.  The Company reported a net loss for the first quarter of $2.7 million, or $0.23 per diluted share, compared to a net loss of $5.7 million, or $0.49 per diluted share, for the first quarter of fiscal 2018.

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