Brief: Powell Industries Reports Q1 Loss Per Share $0.03

Powell Industries

02/02/2021 22:38

Feb 2 (Reuters) - Powell Industries Inc  POWL.O :
    * POWELL INDUSTRIES ANNOUNCES FISCAL 2021 FIRST QUARTER
RESULTS
    * Q1 LOSS PER SHARE $0.03
    * BACKLOG AS OF DECEMBER 31, 2020 TOTALED $465 MILLION
    * QTRLY REVENUES TOTALED $107 MILLION
    * EXPECT A CHALLENGING MACRO-ENVIRONMENT ACROSS OUR
INDUSTRIAL END
MARKETS THROUGH FISCAL 2021
    * POWELL INDUSTRIES - EXPECT THAT UTILITY AND TRACTION
MARKETS
WILL REMAIN SOLID THROUGHOUT FISCAL 2021
    * POWELL INDUSTRIES - EXPECT OVER HALF OF CURRENT BACKLOG
WILL
CONVERT TO REVENUE THROUGHOUT FISCAL YEAR

Source text for Eikon:  ID:nPn4vKNy0a 
Further company coverage:  POWL.O 

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