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1 month ago
William Marshall Mauney, Jr., Vice President at Powell Industries (NASDAQ:POWL), disclosed an insider purchase on October 2, based on a new SEC filing.
What Happened: In a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, it was disclosed that Jr. bought 400 shares of Powell Industries, amounting to a total of $72,856.
Powell Industries's shares are actively trading at $237.84, experiencing a up of 2.69% during Thursday's morning session.
About Powell Industries
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
Revenue Growth: Over the 3 months period, Powell Industries showcased positive performance, achieving a revenue growth rate of 49.8% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to ...
