Powell Industries (POWL) Misses Q1 EPS by 21c

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Go back to Powell Industries (POWL) Misses Q1 EPS by 21c

POWELL INDUSTRIES ANNOUNCES FISCAL 2022 FIRST QUARTER RESULTS

February 8, 2022 4:15 PM EST

HOUSTON, Feb. 8, 2022 /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 2022 first quarter ended December 31, 2021.

Fiscal First Quarter Key Highlights:

Revenues totaled $107 million; Net Loss was $2.8 million, or a loss of $0.24 per diluted share; New orders of $108 million included $122 million of gross new orders, partially offset by $14 million of scope reductions; Backlog as of December 31, 2021 totaled $416 million; Cash and short-term investments as of December 31,... More