Powell Industries, Inc. (POWL) Misses Q2 EPS Expectations; Cuts FY14 Outlook

Powell Industries, Inc. (NASDAQ: POWL) reported Q2 EPS of $0.24, $0.64 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $150.8 million versus the consensus estimate of $191.16 million.

New orders from continuing operations in the fiscal 2014 third quarter remained healthy at $172 million compared to $163 million in the second quarter of fiscal 2014 and compared to $150 million in the third quarter of fiscal 2013. The Company's backlog for continuing operations as of June 30, 2014 was $477 million compared to $452 million as of March 31, 2014 and compared to $417 million at the end of last year's third quarter.

Powell Industries, Inc. sees FY2014 EPS of $2.15-$2.40, versus prior guidance of $2.85-$3.35 and the consensus of $3.12. Powell Industries, Inc. sees FY2014 revenue of $650-675 million, versus prior guidance of $700-750 million and the consensus of $722.13 million.

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

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