Brief: Powell Industries Posts Fourth-Quarter Earnings Per Share Of $0.56

Powell Industries

04/12/2019 21:23

Dec 4 (Reuters) - Powell Industries Inc  POWL.O :
    * POWELL INDUSTRIES ANNOUNCES FISCAL 2019 FOURTH QUARTER
RESULTS
    * Q4 EARNINGS PER SHARE $0.56
    * Q4 REVENUE $148.5 MILLION VERSUS REFINITIV IBES ESTIMATE
OF $139
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES
DATA
    * NEW ORDERS IN OUR Q4 WERE $162 MILLION
    * ANTICIPATE THAT FISCAL 2020 WILL GENERATE A SOLID INCREASE
IN
REVENUE OVER FISCAL 2019
    * INTEND TO INCREASE LEVEL OF INTERNAL INVESTMENT IN
RESEARCH AND
DEVELOPMENT IN FISCAL 2020 BY DOUBLE DIGITS
    * "INTERNATIONAL MARKETS IN BOTH CANADA & UK BEGAN TO SHOW
MODERATE IMPROVEMENT IN MID-YEAR FISCAL 2019"

Source text for Eikon:  ID:nPn819pHHa 
Further company coverage:  POWL.O 

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