Powell Industries (POWL) Misses Q1 EPS by 8c, Revenues Miss
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Powell Industries Announces Fiscal 2020 First Quarter Results
February 4, 2020 4:20 PM ESTHOUSTON, Feb. 4, 2020 /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 2020 first quarter ended December 31, 2019.
Revenues for the first quarter of fiscal 2020 were $134.2 million compared to revenues of $109.4 million in the first quarter of fiscal 2019. The Company reported net income for the first quarter of 2020 of $2.8 million, or $0.24 per diluted share, compared to a net loss of $2.7 million, or $0.23 per diluted share, in the first quarter of fiscal 2019.
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