Brett Cope on company overview
From Brett Cope Weathering Storms in Cyclical Business · · Ayna Insights
“Powell is a publicly traded manufacturer roughly 500 million dollars of electrical distribution equipment. We make breakers and switchgear and motor control in the medium and low voltage distribution space. We deliver product systems and solutions, many of our solutions are engineered to order for our client base and primarily the industrial, utility, and commercial markets.”
On , Brett Cope, Chairman of the Board, President & Chief Executive Officer at POWELL INDUSTRIES INC, spoke about company overview during Brett Cope Weathering Storms in Cyclical Business on Ayna Insights.
About Brett Cope
Brett Cope, chairman, president, and CEO of Powell Industries, discussed the company's operations and challenges in a September 2023 podcast. He described Powell as a publicly traded manufacturer of electrical distribution equipment, including breakers and switchgear, that serves industrial, utility, and commercial markets. Cope noted that the company is celebrating its 75th year and emphasized its "can-do spirit" and entrepreneurial culture, while acknowledging that the company has worked over the past decade to build process and structure to manage risks and project execution during cyclical downturns. Cope addressed several recent challenges, including the impact of the COVID-19 pandemic on order intake and the ongoing supply chain and logistics evolution. He stated that Powell is the last U.S. publicly traded company that manufactures intellectual property around breakers, with most competitors building offshore. Cope said the company is reframing itself as a distribution solutions company to address changing electrical grid needs. He also commented on the energy transition, stating that he does not believe oil and gas will be eliminated and that natural gas will continue to play a role, while renewables and battery storage will grow. Cope described the war for talent as an ongoing challenge but said Powell's culture has helped retain employees.