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Powell Industries Inc.  (POWL)
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Earnings lifted by $6.14 millions income tax refund

A $6.14 millions in income tax benefit, fueled Powell Industries Inc. to display $0.76 eps in the financial third quarter of 2022

Published 2022-08-04T16:24:20-04:00
Goran Soko / CSIMarket.com Contributer

For the third quarter of 2022 earnings season Powell Industries Inc. had turn a round to profits by exhibiting earnings per share of $0.76 per share compare to $-0.17 a year before and earnings per share turned positive from $-0.10 per share from the previous reporting season.

Revenues rose admirably by 16.984 % to $135.48 millions from $115.81 millions in the similar reporting season a year before and sequentially Revenues surged by 5.967 % from $127.85 millions.




The company have achieved bottom-line of $9.061 millions in the third quarter of 2022 earnings season an improvement versus a net deficit of $-2.041 millions in the similar reporting season a year ago.

An essential contributor for such favorable comparison. As previously mentioned, it was the $6.14 millions income tax refund, the company has obtained. Powell Industries Inc. also emphasized it's improving profit margins, where net margin rose to 6.69% in third quarter of 2022 earnings season, and operating margin edged up to 0.63%.


Powell Industries Inc. is expected to report next financial earnings on December 07, 2022.


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Other POWL's Earnings Reports

Powell Industries reported first quarter 2022 earnings

Powell Industries reported fourth quarter 2021 earnings

Powell Industries reported third quarter 2021 earnings

       
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