Powell Industries Announces Fiscal 2019 Second Quarter Results

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Go back to Powell Industries Announces Fiscal 2019 Second Quarter Results

Powell Industries (POWL) Tops Q2 EPS by 33c, Revenues Beat

May 7, 2019 4:48 PM EDT

Powell Industries (NASDAQ: POWL) reported Q2 EPS of $0.08, $0.33 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $123.7 million versus the consensus estimate of $102.18 million.

Brett A. Cope, Powell's President and Chief Executive Officer, stated, "Our second quarter results reflect a combination of solid operational execution and improved utilization of our people and facilities. New orders were strong in the quarter driven largely by our core domestic oil, gas and petrochemical customers. We also experienced... More