POWELL INDUSTRIES INC

Powell Industries reported strong third-quarter fiscal 2026 results, with revenues increasing 9% to $312 million and net income rising 8% to $52 million. The company saw a significant surge in new orders, totaling $934 million, a 158% increase year-over-year, leading to a 69% increase in backlog to $2.4 billion. Additionally, the Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on September 16, 2026.

Powell Industries reported strong third-quarter fiscal 2026 results, with revenues increasing 9% to $312 million and net income rising 8% to $52 million. The company achieved record new orders of $934 million, a 158% increase year-over-year, and its backlog grew 69% to $2.4 billion. This growth was driven by significant mega orders in data center, petrochemical, and LNG markets, alongside robust activity across core end markets. The company also completed a 3-for-1 forward stock split during the quarter.

Powell Industries, Inc. announced it will release its fiscal third-quarter results for the period ended June 30, 2026, on Monday, August 3, 2026, after market close. The company has scheduled a conference call to discuss these results for Tuesday, August 4, 2026, at 11:00 a.m. eastern time. Investors can access the call via phone or live webcast on the company's investor relations website, with replay options available.

Powell Industries' Compensation and Human Capital Committee approved a special one-time restricted stock unit (RSU) award for President and CEO Brett A. Cope. The award, covering 36,000 shares, is designed to incentivize his continued service to the company beyond his retirement eligibility date. The vesting schedule is backloaded, with 25% vesting on July 1, 2027, 25% on July 1, 2028, and the remaining 50% on July 1, 2029. Importantly, unvested portions of the award will not accelerate or continue to vest if Mr. Cope retires before a vesting date.

Powell Industries announced a three-for-one forward stock split, effective April 2, 2026, with all historical per-share data retroactively adjusted. For the second quarter of fiscal year 2026, the company reported a 6.4% increase in revenue to $296.6 million, though net income slightly decreased by 1.0% to $45.9 million. Year-to-date, revenue grew 5.3% to $547.8 million and net income increased 7.6% to $87.3 million, supported by a strong backlog of $1.8 billion and a significant increase in operating cash flow.

Powell Industries, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share. The dividend will be paid on June 17, 2026, to shareholders of record as of May 20, 2026.

Powell Industries announced its second quarter fiscal 2026 results, reporting a 6% increase in revenues to $297 million and a 5% rise in gross profit to $88 million. Despite a slight 1% decline in net income to $45.9 million, the company saw a significant 97% surge in new orders, totaling $490 million, and a 33% increase in backlog to $1.8 billion. Notably, subsequent to the quarter end, Powell was awarded its largest order in history: a mega data center order valued over $400 million. The company also completed a three-for-one forward stock split on April 2, 2026.

Powell Industries reported strong second-quarter Fiscal 2026 results, highlighted by a significant increase in new orders and backlog. The company secured a record-breaking mega data center order exceeding $400 million after the quarter ended, signaling robust commercial momentum. While net income saw a slight 1% decline, revenues grew 6% to $297 million, and gross profit increased 5% to $88 million. The company also completed a three-for-one forward stock split in April 2026 and maintains an optimistic outlook for fiscal 2026, driven by favorable market activity in data centers, AI, and electric utilities.

Powell Industries, Inc. announced it will release its fiscal second quarter results for the period ended March 31, 2026, on Monday, May 4, 2026, after market close. The company will host a conference call on Tuesday, May 5, 2026, at 11:00 a.m. eastern time to discuss the results. Investors can access the call live via phone or through the Investor Relations section of the company's website.