Backlog reached a record $2.4 billion, but petrochemical revenue fell 49%.
Powell Industries Inc, founded in 1947, designs and services custom-engineered electrical distribution equipment, including switchgear and power control rooms, for heavy industrial customers. According to its SEC filings, the company generated $1,158 million in revenue and $191 million in net income over the last twelve months. Strengths: The company reported a record backlog of $2.4 billion as of