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Mar 31, 2021
Powell Industries Q2 2021 Earnings Report
Powell Industries announced results for the fiscal 2021 second quarter ended March 31, 2021.
Key Takeaways
Powell Industries reported second-quarter revenues of $119 million and a net loss of $0.2 million, or a $0.02 loss per diluted share. The company's backlog as of March 31, 2021, totaled $437 million, and cash and short-term investments totaled $154 million.
Revenues totaled $119 million.
Backlog as of March 31, 2021 totaled $437 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.
Powell Industries
Powell Industries
Forward Guidance
Powell Industries expects a challenging environment across its core Industrial markets throughout the remainder of fiscal 2021 but maintains a positive outlook across its Utility and Traction markets. The company anticipates modest inflationary cost pressure across key commodities such as copper and steel to continue through the remainder of fiscal 2021.
Positive Outlook
- Positive outlook across Utility markets
- Positive outlook across Traction markets.
- Prospects of more nascent opportunities for Powell within the energy markets of hydrogen.
- Prospects of more nascent opportunities for Powell within the energy markets of biofuels and biodiesel.
- Select opportunities in the mining sector.
Challenges Ahead
- Challenging environment across core Industrial markets.
- Modest inflationary cost pressure across key commodities such as copper.
- Modest inflationary cost pressure across key commodities such as steel.
- Macroeconomic conditions continue to create uncertainty across Industrial end-markets.
- Extraordinary winter storm that adversely affected Houston based facilities for nearly a full week in February.