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/PRNewswire/ Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of.
/PRNewswire/ Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of.
/PRNewswire/ Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of.
Powell Industries Announces Fiscal 2021 Second Quarter Results
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HOUSTON, May 4, 2021 /PRNewswire/ Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the fiscal 2021 second quarter ended March 31, 2021.
Fiscal Second Quarter Key Highlights:
Revenues totaled $119 million;
Net Loss was $0.2 million, or a $0.02 loss per diluted share;
Cash and short-term investments as of March 31, 2021 totaled $154 million.
Brett A. Cope, Powell s Chairman and Chief Executive Officer, stated, Our consolidated revenues for the second quarter were in-line with our expectations and higher by 11% sequentially. Additionally, we were pleased with our cash performance, generating $6 million of free cash flow during the quarter. New orders in the second quarter were $89 million, consistent with the prior q