Powell Industries, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2020
August 05, 2020 at 04:00 pm
Share
Powell Industries, Inc. provided earnings guidance for the fourth quarter and full year 2020. The company anticipates that the fiscal fourth quarter will be marginally softer than the third quarter. However, based upon financial position through the 9 months ending June 2020, the company is confident that Powell will close fiscal year 2020 with strong earnings, healthy backlog and in a solid cash position, which situates the business well as it look forward to fiscal year 2021.
Powell Industries, Inc. develops, designs, manufactures and services custom-engineered equipment and systems. The Company distributes, controls and monitors the flow of electrical energy and provides protection to motors, transformers and other electrically powered equipment. Its principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches and bus duct systems. Its products are designed for application voltages ranging from approximately 480 volts to 38,000 volts and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemical, liquefied natural gas (LNG) terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper and other industrial markets.
POWELL INDUSTRIES, INC. 
