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1 month ago
John Birchall, Managing Director at Powell Industries (NASDAQ:POWL), disclosed an insider purchase on October 2, based on a new SEC filing.
What Happened: Birchall made a significant move by purchasing 400 shares of Powell Industries as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $72,856.
Powell Industries shares are trading up 2.69% at $237.84 at the time of this writing on Thursday morning.
Delving into Powell Industries's Background
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
Financial Insights: Powell Industries
Positive Revenue Trend: Examining Powell Industries's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 49.8% as of 30 June, 2024, showcasing a substantial increase in top-line ...
