POWELL INDUSTRIES INC (POWL)
US7391281067 - Common Stock
Why Powell (POWL) Stock Is Falling Today
Shares of electrical energy control systems manufacturer Powell (NYSE:POWL) fell 17.6% in the afternoon session after the company reported weak third-quarter results, with sales falling significantly below Wall Street's estimates. New orders came in at $267 million, a significant decline compared to the previous quarter. Total backlogs were also flat quarter on quarter and relative to the previous year. Given the deceleration in some of the forward growth indicators, markets are likely worried about the near-term sales outlook, with management also acknowledging that the first quarter of its fiscal year is "seasonally slower." On a more positive note, gross margin improved due to higher volume levels across all manufacturing facilities, supported by improved operating efficiency and product pricing. As a result, adjusted EBITDA and EPS beat analysts' expectations during the quarter. Overall, this quarter could have been better.
Why Powell (POWL) Shares Are Trading Lower Today
Shares of electrical energy control systems manufacturer Powell (NYSE:POWL) fell 17.6% in the afternoon session after the company reported weak third-quarter results, with sales falling significantly below Wall Street's estimates. New orders came in at $267 million, a significant decline compared to the previous quarter. Total backlogs were also flat quarter on quarter and relative to the previous year. Given the deceleration in some of the forward growth indicators, markets are likely worried about the near-term sales outlook, with management also acknowledging that the first quarter of its fiscal year is "seasonally slower." On a more positive note, gross margin improved due to higher volume levels across all manufacturing facilities, supported by improved operating efficiency and product pricing. As a result, adjusted EBITDA and EPS beat analysts' expectations during the quarter. Overall, this quarter could have been better.
What To Expect From Atkore’s (ATKR) Q3 Earnings
Electrical safety company Atkore (NYSE:ATKR) will be announcing earnings results tomorrow before market open. Here’s what investors should know.
Discover the top movers in Tuesday's after-hours session and stay informed about the post-market dynamics.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
Powell (NASDAQ:POWL) Misses Q3 Revenue Estimates, Stock Drops
Electrical energy control systems manufacturer Powell (NYSE:POWL) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 31.8% year on year to $275.1 million. Its GAAP profit of $3.77 per share was 6.2% above analysts’ consensus estimates.
Powell Industries Announces Fourth Quarter and Full Year Fiscal 2024 Results
HOUSTON, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management,...
Noteworthy Tuesday Option Activity: CCL, POWL, MPC
nVent Electric Stock Sees Relative Strength Rating Climb To 72
On Monday, nVent Electric stock got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
Earnings To Watch: Powell (POWL) Reports Q3 Results Tomorrow
Electrical energy control systems manufacturer Powell (NYSE:POWL) will be reporting results tomorrow after market hours. Here’s what to look for.
BWX Tech Hits All-Time High, Keeps Right On Rising
BWX Technologies stock broke out on Sept. 23, climbed 4% to an all-time high close on Wednesday, then rose even further early Thursday.
Powell Industries Announces Date and Conference Call for Fiscal 2024 Fourth Quarter and Full Year Results
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management,...
Powell Industries Declares Quarterly Cash Dividend
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management,...
Exploring NASDAQ:POWL's growth characteristics.
Exploring POWELL INDUSTRIES INC (NASDAQ:POWL)'s growth characteristics.
Powell (NASDAQ:POWL) Q2 Earnings: Leading The Electrical Systems Pack
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQ:POWL) and its peers.
Powell (NASDAQ:POWL) Q2 Earnings: Leading The Electrical Systems Pack
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQ:POWL) and its peers.
Q2 Earnings Recap: Powell (NASDAQ:POWL) Tops Electrical Systems Stocks
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at electrical systems stocks, starting with Powell (NASDAQ:POWL).
BWX Technologies Stock Scores RS Rating Upgrade
BWX Technologies stock had its Relative Strength (RS) Rating upgraded to 82 Monday, up from 74 a day earlier.
Hubbell Stock Sees Relative Strength Rating Rise To 71
Hubbell stock had its Relative Strength Rating upgraded to 71 Friday — a nice improvement, but still shy of the 80-plus preferred score.