Powell Industries Continue Hiring
By: Leon Castles
on Friday, May 18, 2012
Houston has been among the top cities that have provided better job growth. Now, Powell Industries which is based in Houston has announced that they are going to expand their company in the future for which they will continue hiring more candidates. The company is already making good profits this year and many trade analysts have confirmed that the company is making more than what the company had expected. The second quarter results of Powell Industries are already in the positive range and they are going to expect more in the second quarter as well.
The company has made an official statement that they are going to hire around 250 more employees to their Houston office in the next two quarters of this year. The company manufactures complex electrical equipment for energy sector and various other customers. The company already has more than 500 workers working for the company in Houston. The company already announced the results of their second quarter and they said that they are expecting to earn $100 million more by the end of the year in comparison to the previous year. A few days ago the company announced that they have managed to earn revenues worth $181 million in the second quarter compared to $125.1 million last year. The company also revealed that the net total income of the company was $7.1 million of $0.63 per diluted share compared to previous year’s performances where they had net income worth $1.7 million or $0.15 per diluted share.