Powell Industries (POWL) Misses Q3 EPS by 2c, Revenues Miss

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Go back to Powell Industries (POWL) Misses Q3 EPS by 2c, Revenues Miss

Powell Industries Announces Fiscal 2020 Third Quarter Results

August 4, 2020 4:20 PM EDT

HOUSTON, Aug. 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 third quarter ended June 30, 2020.

Revenues for the third quarter of fiscal 2020 were $118.1 million compared to revenues of $151.6 million for the second quarter of fiscal 2020 and revenues of $135.6 million for the third quarter of fiscal 2019. Net income for the third quarter of fiscal 2020 was $3.5 million, or $0.30 per diluted share, compared to net income of $7.4 million, or $0.64 per diluted... More