Brief: Powell Industries Q1 Loss Per Share $0.23

Powell Industries

05/02/2019 21:42

Powell Industries Inc  POWL.O :
    * POWELL INDUSTRIES ANNOUNCES FISCAL 2019 FIRST QUARTER
RESULTS
    * Q1 LOSS PER SHARE $0.23
    * Q1 REVENUE $109.4 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$108.2 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES
DATA
    * COMPANY'S BACKLOG AS OF DECEMBER 31, 2018 WAS $322.0
MILLION, UP
23% SEQUENTIALLY FROM $261 MILLION AS OF SEPTEMBER 30, 201
    * SAYS NEW ORDERS PLACED DURING Q1 OF FISCAL 2019 TOTALED
$172
MILLION COMPARED TO $78 MILLION IN Q4 OF FISCAL 2018
    * POWELL INDUSTRIES - CONTINUE TO EXPECT FY18 YEAR-END
BACKLOG TO
IMPROVE OVER 2018, REVENUES TO INCREASE MODESTLY, AND EARNINGS
TO IMPROVE TO BREAKEVEN OR SLIGHTLY BETTER IN FY19
    * SAYS CONTINUE TO BELIEVE THAT FISCAL 2019 CUSTOMER
ACTIVITY WILL
STRENGTHEN OVER FISCAL 2018, YIELDING IMPROVED MARGINS

Source text for Eikon:  ID:nPn1cRFM1a 
Further company coverage:  POWL.O