Powell Industries, Inc. Buyback
OLI recorded this information on 12/18/2014
Company:
Powell Industries, Inc.
Buyback:
POWL buyback
$Amount Authorized:
$25,000,000
Buyback Details:
Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, distribution and control of electrical energy, today announced that its Board of Directors has authorized the repurchase of up to $25 million in shares of the Company's common stock. The repurchase program will be funded from cash on hand and cash provided from operating activities.
Powell Industries develops, designs, manufactures and services custom-engineered equipment and systems which distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Co.'s principal products include integrated power control room substations (PCRs®), custom-engineered modules, electrical houses, distribution switchgear and control gear, voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems. Co. provides services such as spare parts, field service inspection, installation, commissioning, modification, repair, and retrofit.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: POWL Stock Forecast Based on Zacks ABR data; powered by Xignite |