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.
