Powell Industries Announces Third Quarter Fiscal 2024 Results

Revenues totaled $288 million, an increase of 50$82 million, or 28.4% of revenue; Net income of $46 million, or$3.79 per diluted share; New orders(1) totaled $356 million, spread broadly across our key end markets; Backlog(2) as of June 30, 2024 remained at$1.3 billion; Cash and short-term investments as of June 30, 2024 totaled $374 million. Revenues totaled$288.2 million, an increase of 50% compared to $192.4 million in the prior period, and an increase of 13$255.1 mill ...