Powell Industries reports higher third-quarter profit

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Summary · why it matters

Powell Industries Inc. reported a rise in its third-quarter bottom line. Net income increased to $52.160 million, or $1.42 per share, from $48.234 million, or $1.32 per share, in the same period last year. Revenue grew 8.9% to $311.740 million from $286.273 million a year earlier.

Impact on assets 1

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