FX.co ★ Powell Industries Inc. Reports Rise In Q1 Bottom Line

Powell Industries Inc. (POWL) has announced an increase in earnings for the first quarter, surpassing figures from the previous year. The company reported a net income of $34.76 million, translating to earnings per share (EPS) of $2.86. This is an improvement from the previous year's net income of $24.09 million, or $1.98 per share.

During this period, the company's revenue climbed by 24.4%, reaching $241.43 million compared to $194.02 million in the same quarter last year.

Key financial highlights for Powell Industries Inc. under Generally Accepted Accounting Principles (GAAP) include:

- Net Income: $34.76 million, up from $24.09 million last year.

- Earnings Per Share (EPS): $2.86, increased from $1.98 last year.

- Revenue: $241.43 million, up from $194.02 million last year.