Powell Industries (POWL) Misses Q4 EPS by 23c, Beats on Revenues

Powell Industries (NASDAQ: POWL) reported Q4 EPS of ($0.42), $0.23 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $94.96 million versus the consensus estimate of $94.11 million.

OUTLOOK

Commenting on the company\'s outlook, Don R. Madison, Powell's Executive Vice President and Chief Financial and Administrative Officer said, "As we enter our fiscal 2018, we are beginning to see moderate signs of improvement when compared to six months ago in terms of pricing pressure, project quality and order volume for both greenfield and brownfield upgrade opportunities. While it is unclear whether these positive trends are sustainable, if current customer activity continues to gradually increase throughout fiscal 2018, we expect to end the fiscal year with a stronger backlog, which should position Powell for an improved fiscal 2019.

For earnings history and earnings-related data on Powell Industries (POWL) click here.

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