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August 5, 2014
16:56 EDTPOWLPowell reports Q3 EPS 24c, may not compare to consensus 88c
Reports Q3 revenue $150.8M, may not compare to consensus $191.16M. The company's third quarter revenue decline was due to schedule changes on several projects, resulting in some work moving into subsequent quarters. Gross margins and income from continuing operations declined due to both lower revenues and higher operating costs from inefficiencies of an accelerated production ramp at its manufacturing facility in Canada. Michael A. Lucas, President and CEO, stated, "Our third quarter results did not meet our expectations. Demand for our products and solutions in the Canadian market has been greater than anticipated. This increased demand placed additional pressures on our production ramp plan, resulting in inefficiencies, extended lead times and higher operating costs. We have taken constructive actions to resolve these issues and are focused on improving efficiencies, maximizing output and meeting our customer commitments." The company's backlog for continuing operations as of June 30 was $477M compared to $452M as of March 31, and compared to $417M at the end of last year's third quarter.
News For POWL From The Last 14 Days
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December 1, 2015
19:13 EDTPOWLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Apigee (APIC), up 7.1%... Ascena Retail (ASNA), up 9.1%. ALSO HIGHER: Mobileye (MBLY), up 1.7% after being initiated with a Buy at Evercore ISI... Pacific Biosciences (PACB), up 1.4% after receiving a $20M milestone payment. DOWN AFTER EARNINGS: Powell Industries (POWL), down 11.4%... Bob Evans (BOBE), down 3.5%. ALSO LOWER: OncoGenex (OGXI), down 32.1% after announcing that its Phase 3 AFFINITY trial is continuing... INC Research (INCR), down 3.5% after filing secondary offerings.
16:22 EDTPOWLPowell sees FY16 adjusted EPS 65c-$1.05, may not compare to consensus $1.56
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16:21 EDTPOWLPowell reports Q4 adjusted EPS 45c, consensus 47c
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