Benzinga | Feb 2, 2021 04:47PM EST

Recap: Powell Industries Q1 Earnings

Shares of Powell Industries (NASDAQ:POWL) moved higher in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 112.50% year over year to ($0.03), which missed the estimate of $0.21.

Revenue of $106,575,000 declined by 20.56% year over year, which missed the estimate of $107,320,000.

Guidance

Powell Industries hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $43.06

52-week low: $15.62

Price action over last quarter: Up 0.34%

Company Overview

Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.