earnings
confidence high
sentiment negative
materiality 0.60
Powell Industries Q3 net loss of $2.0M ($0.17/diluted); declares $0.26 dividend
POWELL INDUSTRIES INC
2021-Q3 EPS reported
-$0.22
revenue$341,105,000
- Revenue $115.8M, net loss $2.0M ($0.17 loss per diluted share) vs prior year net income $3.5M ($0.30 EPS).
- Backlog $426M (down 3% sequentially); new orders $103M, up from $81M in Q3 2020.
- Quarterly cash dividend $0.26 per share, payable Sept 15, 2021 to holders of record Aug 18, 2021.
- Management cites inflationary headwinds from commodity prices; cautiously optimistic on gradual improvement.