Powell Industries, Inc. develops, designs, manufactures, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy designed to distribute, monitor, and control the flow of electrical energy; and provide protection to motors, transformers, and other electrically powered equipment. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems. These products are designed for application voltages ranging from 480 volts to 38,000 volts and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, pulp and paper, mining and metals, light rail traction power, electric utility, and other heavy industrial markets. The company’s product scope includes designs tested to meet both the U.S. standards (ANSI) and international standards (IEC). It assists customers by providing value-added services, such as spare parts, field service inspection, installation, commissioning, modification and repair, retrofit and retrofill components for existing systems and replacement circuit breakers for switchgear that is obsolete or that is no longer produced by the original manufacturer. Customers and Markets The company’s principal customers are users of large amounts of electrical energy that require a complex combination of electrical components and systems. These customers and their industries include oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, pulp and paper, mining and metals, light rail traction power, and electric utility customers. Products and services are principally sold directly to the end user or to an engineering, procurement and construction firm on behalf of the end user. The company markets and sells its products and services to various customers, governmental agencies, markets, and geographic regions. Dispositions In January 2014, the company sold its wholly owned subsidiary, Transdyn Inc., which was reported in its Process Controls business segment. Competition The company’s principal competitors include ABB, Eaton, General Electric Company, Schneider, and Siemens. History Powell Industries, Inc. was founded in 1947.
powell industries inc (POWL:NASDAQ GS)
8550 Mosley Road
Houston, TX 77075
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