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Powell Industries Fiscal Q3 Earnings More Than Double as Sales Surge; Shares Rise Premarket
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Powell Industries Fiscal Q3 Earnings More Than Double as Sales Surge; Shares Rise Premarket
Jul 31, 2024 1:54 AM

04:37 AM EDT, 07/31/2024 (MT Newswires) -- Powell Industries ( POWL ) reported fiscal Q3 earnings late Tuesday of $3.79 per diluted share, up from $1.52 a year earlier.

Two analysts polled by Capital IQ expected $2.16.

Revenue for the quarter ended June 30 was $288.2 million, up from $192.4 million a year earlier.

Two analysts surveyed by Capital IQ expected $222.2 million.

Shares of the company were 26% higher in premarket activity Wednesday.

Price: 165.39, Change: +32.14, Percent Change: +26.12

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