Powell Industries Announces Fiscal 2017 Third Quarter Results

As previously reported, Powell expects to report a net loss in fiscal 2017. However, the Company estimates fourth quarter revenues to increase sequentially due to customer deferrals in the second and third quarters that pushed out project schedules into the fourth quarter.  In addition, the Company anticipates fourth quarter order activity to be as strong, if not stronger, than third quarter levels.

CONFERENCE CALL

Powell Industries has scheduled a conference call for Wednesday, August 9, 2017 at 11:00 a.m. eastern time.  To participate in the conference call, dial 412-902-0030 at least 10 minutes before the call begins and ask for the Powell Industries conference call.  A replay of the call will be available approximately two hours after the live broadcast ends and will be accessible until August 16, 2017.  To access the replay, dial 201-612-7415 using a passcode of 13665049#.

Investors, analysts and the general public will also have the opportunity to listen to the conference call over the Internet by visiting powellind.com. To listen to the live call on the web, please visit the website at least fifteen minutes before the call begins to register, download and install any necessary audio software.  For those who cannot listen to the live webcast, an archive will be available shortly after the call and will remain available for approximately 90 days at powellind.com.

Powell Industries, Inc., headquartered in Houston, engineers packaged solutions and systems for the management, control and distribution of electrical energy.  Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways.  For more information, please visit powellind.com.

Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements.  In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy.  For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.

This press release contains references to certain non-GAAP financial measures discussed above.  Please see the financial table below for more details on these non-GAAP financial measures, including a reconciliation of these non-GAAP financial measures to net income and the reasons management believes these measures are useful to investors.

POWELL INDUSTRIES, INC. & SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
	Three months ended June 30,								Nine months ended June 30,
	2017				2016				2017				2016
Revenues	$	85,927			$	133,207			$	300,948			$	435,450
Cost of goods sold	76,873				105,922				261,073				354,921
Gross profit	9,054				27,285				39,875				80,529
Selling, general and administrative expenses	14,761				19,362				46,453				57,787
Research and development expenses	1,726				1,640				4,818				5,453
Amortization of intangible assets	87				89				263				263
Restructuring and separation costs	—				647				840				7,703
Operating income (loss)	(7,520)				5,547				(12,499)				9,323
Other income	(507)				(507)				(1,522)				(1,522)
Interest expense	41				38				122				112
Interest income	(156)				(42)				(287)				(113)
Income (loss) before income taxes	(6,898)				6,058				(10,812)				10,846
Income tax provision (benefit)	(3,683)				1,164				(6,469)				844
Net income (loss)	$ Werbung Mehr Nachrichten zur Powell Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 25.04.24 - PR Newswire Mid Wynd International Investment Trust Plc - Transaction in Own Shares 25.04.24 - PR Newswire Norges Bank - Form 8.3 - BHP Group Limited SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59