Powell Industries (POWL) Misses Q3 EPS by 18c

Go back to Powell Industries (POWL) Misses Q3 EPS by 18c

Powell Industries Announces Fiscal 2021 Third Quarter Results

August 3, 2021 4:15 PM EDT

HOUSTON, Aug. 3, 2021 /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 2021 third quarter ended June 30, 2021.

Fiscal Third Quarter Key Highlights:

Revenues totaled $116 million; Backlog as of June 30, 2021 totaled $426 million; Net Loss was $2.0 million, or a $0.17 loss per diluted share; Cash and short-term investments as of June 30, 2021 totaled $129 million.

Brett A. Cope, Powell's Chairman and Chief Executive Officer, stated,... More