While I mostly cover income investments now that I am retired, I still like to follow some high potential growth stocks, and especially ones that I previously covered. One of those stocks that I have now covered twice previously isNow retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time ...

Powell Industries, Inc.’s (POWL) fourth-quarter fiscal 2024 (ended September 2024) adjusted earnings of $3.77 per share surpassed the Zacks Consensus Estimate of $3.49. The bottom line increased 74% year over year. Results benefited primarily from higher revenues generated in the quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Powell’s total revenues of $275.1 million missed the consensus estimate of $277 million. The top line increased 32% year over year. The year-over-yea ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Powell Industries (POWL) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.02%. A quarter ago, it was expected that this energy equipment company would post earnings of $2.12 per share when it actually produced earnings of $3.79, delivering a surprise of 78.77%.Over the last four quar ...

Revenue and Profit Growth - Revenues for Q4 2024 totaled $275 million, a 32% increase compared to the prior year[4] - Gross profit for Q4 2024 was $80 million, or 29.2% of revenue, a 55% increase compared to the prior year[8] - Net income for Q4 2024 was $46 million, or $3.77 per diluted share, a 74% increase compared to the prior year[11] - Full-year revenues for 2024 totaled $1.0 billion, a 45% increase compared to the prior year[12] - Full-year gross profit for 2024 was $273 million, or 27.0% of revenue, an 85% increase compared to the prior year[13] - Full-year net income for 2024 was $150 million, or $12.29 per diluted share, a 175% increase compared to the prior year[14] Sector Performance - New orders for Q4 2024 totaled $267 million, driven by strong activity in the Oil & Gas, Petrochemical, and Electric Utility sectors[9] - The Petrochemical sector saw a 112% increase in Q4 2024 revenues to $50.4 million[7] - The Oil & Gas sector grew 23% in Q4 2024 to $115.4 million[7] Backlog and Orders - Backlog as of September 30, 2024, remained at $1.3 billion, consistent with previous quarters[11] - New orders for Q4 2024 totaled $267 million, driven by strong activity in the Oil & Gas, Petrochemical, and Electric Utility sectors[9] Asset Growth - Total assets increased to $928.18 million from $752.24 million, a growth of 23.4%[28] - Cash, cash equivalents, and short-term investments rose to $358.39 million from $279.01 million, up 28.4%[28] - Other current assets grew to $418.09 million from $342.98 million, an increase of 21.9%[28] - Property, plant, and equipment, net increased to $103.42 million from $97.63 million, up 5.9%[28] - Long-term assets grew to $48.28 million from $32.63 million, a rise of 48.0%[28] Liabilities and Equity - Current liabilities increased to $428.02 million from $395.69 million, up 8.2%[28] - Stockholders' equity rose to $483.07 million from $345.03 million, a growth of 40.0%[28] - Working capital increased to $348.47 million from $226.30 million, up 54.0%[28] - Deferred and other long-term liabilities grew to $17.09 million from $11.53 million, up 48.2%[28] - Total liabilities and stockholders' equity reached $928.18 million, up 23.4% from $752.24 million[28]

HOUSTON, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the fourth quarter and full year fiscal 2024 ended September 30, 2024. All comparisons are to the comparable periods of fiscal 2023, unless otherwise noted. Fourth Quarter Key Financial Highlights: Revenues totaled $275 million, an increase of 32%;Gross profit of $80 million, or 29. ...

Powell Industries, Inc.  (POWL) is scheduled to release fourth-quarter fiscal 2024 (ended September 2024) results on Nov. 19, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fiscal fourth-quarter earnings is pegged at $3.49 per share, which has remained unchanged in the past 60 days. The consensus mark implies growth of 79% from the year-ago actual. The Zacks Consensus Estimate for revenues is pegged at $276.7 million, indicating a ...

In the latest market close, Powell Industries (POWL) reached $352.37, with a +1.73% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 0.06%.Shares of the energy equipment company witnessed a gain of 31.72% over the previous month, beating the performance of the Industrial Products sector with its gain of 4.85% and the S&P 500's gain of 4.37%.The investment community will be paying close atten ...

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HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal fourth quarter and year ended September 30, 2024 on Tuesday, November 19, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations secti ...