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Stock impact report

Powell Industries Announces Fourth Quarter and Full Year Fiscal 2024 Results [Yahoo! Finance]

Powell Industries, Inc. (POWL) 
US:NASDAQ Investor Relations: investor.shareholder.com/powell
Company Research Source: Yahoo! Finance
diluted share, increased 175%, and net new orders totaled $1.1 billion. (Source: Full Year Key Financial Highlights section) Revenues totaled $275 million, an increase of 32%, gross profit of $80 million, or 29.2% of revenue, net income of $46 million, or $3.77 per diluted share, increased 74%, new orders totaled $267 million, and backlog as of September 30, 2024 remained at $1.3 billion. (Source: Fourth Quarter Key Financial Highlights section) The increase in revenues was mainly driven by the Petrochemical sector, which increased 112% to $50.4 million, and the Oil & Gas sector, which grew 23% to $115.4 million. Additionally, revenues within the Commercial & Other Industrial sector improved 66% to $48.3 million. (Source: Fourth Quarter Fiscal 2024 Results section) The company expects continued strength across most of its end markets, and anticipates that fiscal 2025 will be another successful year, with modest manufacturing capacity upgrades to be completed during the middle of Show less Read more
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