HOUSTON, March  06, 2026  (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company&#39;s common stock. The Board of

POWL

Powell Industries Announces Three-For-One Stock Split

Powell Industries Approves 3-for-1 Stock Split to Boost Liquidity

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HOUSTON, March  06, 2026  (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:POWL) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company&amp;#39;s common stock. The Board of</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Powell Industries has announced a three-for-one forward stock split intended to increase stock accessibility and liquidity. This move reflects the company&#039;s confidence in its growth outlook and will nearly triple the outstanding shares to approximately 36.4 million, effective April 6, 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Powell Industries approved a three-for-one forward stock split.</li><li>Stock split aims to enhance liquidity and investment accessibility.</li><li>Outstanding shares will increase from 12.1 million to 36.4 million.</li><li>Stock split effective April 6, 2026, subject to Nasdaq approval.</li><li>Management expresses strong confidence in future growth prospects.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Powell Industries, Inc. (POWL)</strong>: The stock split is a strategic move to enhance liquidity.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The announcement fits under &#039;Corporate Developments&#039; as it represents a strategic financial decision impacting share structure and investor engagement.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Stock split may attract new investors, boosting demand and share price.</li><li>Increased liquidity could enhance trading volume and reduce price volatility.</li><li>Strong management confidence indicates positive future performance, supporting stock sentiment.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Effective date of stock split is April 6, 2026.</li><li>Record date for shareholders is March 20, 2026.</li><li>Outstanding shares will increase from 12.1 million to 36.4 million.</li><li>Proportionate adjustments on stock awards and dividends will occur.</li><li>Stock split approved by the Board of Directors on March 6, 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider buying POWL ahead of the stock split for potential price appreciation.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>HOUSTON, March  06, 2026  (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/POWL">POWL</a>) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company's common stock. The Board of Directors also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The split will be effected through an amendment to the Company's Amended and Restated Certificate of Incorporation. Each shareholder of record as of the close of trading on March 20, 2026 (the "record date") will receive, after the close of trading on April 2, 2026, two additional shares for every one share held on the record date. Subject to final approval by the Nasdaq, trading is expected to begin on a split-adjusted basis at market open on April 6, 2026. </p>  <p>Brett A. Cope, Powell's Chairman and Chief Executive Officer, stated, "Our Board's decision to approve this stock split reflects our continued strong performance and confidence in our growth outlook. We believe that the split will improve accessibility to our stock for both current and prospective investors, as well as support liquidity in our shares."<br></br><br></br>The Company expects that the stock split will increase the number of shares of the Company's outstanding common stock from approximately 12.1 million shares to approximately 36.4 million shares. As a result of the stock split, proportionate adjustments will be made to the number of shares of the Company's common stock underlying the Company's outstanding stock awards, the number of shares issuable under the Company's equity incentive plans and other existing agreements and the Company's common stock dividend. The Company anticipates filing a Form 8-K with the U.S. Securities and Exchange Commission after the effective date to report an amendment to the Company's Amended and Restated Certificate of Incorporation effecting the stock split and reflecting a proportionate adjustment to the total number of authorized shares of the Company's common stock.</p>  <p align="justify"><strong>About Powell Industries</strong><br></br>Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Powell Industries, Inc. primarily serves the oil and gas and petrochemical markets, the electric utility market, and commercial and other industrial markets. Beyond these major markets, we also provide products and services to the light rail traction power market and other markets that include universities and government entities. We are continuously developing new channels to electrical markets through original equipment manufacturers and distribution market channels. For more information, please visit powellind.com.<br></br></p> <table style="border-collapse: collapse; width:99%; border-collapse:collapse ;"><tr><td style="max-width:15%; width:15%; min-width:15%;">Contacts: </td><td style="max-width:85%; width:85%; min-width:85%;">Michael W. Metcalf, CFO</td></tr><tr><td> </td><td>Powell Industries, Inc.</td></tr><tr><td> </td><td>713-947-4422</td></tr><tr><td> </td><td> </td></tr><tr><td> </td><td>Robert Winters or Ryan Coleman</td></tr><tr><td> </td><td>Alpha IR Group</td></tr><tr><td> </td><td>POWL@alpha-ir.com</td></tr><tr><td> </td><td>312-445-2870</td></tr></table><img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY2NTg0MiM3NDY3NjM3IzIwMjAzNTc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NWU2M2E3NzctMTRlNy00MTYyLWI3YzMtZmZlYmYxODcyY2RkLTEwMzE5MjktMjAyNi0wMy0wNi1lbg==/tiny/Powell-Industries-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/647d4582-17a3-41af-9a82-95d04a541a8d"><img src="https://ml.globenewswire.com/media/647d4582-17a3-41af-9a82-95d04a541a8d/small/powell-jpg.jpg" border="0" width="150" height="45" alt="Primary Logo"></img></a></p>

Powell Industries has announced a three-for-one forward stock split intended to increase stock accessibility and liquidity. This move reflects the company's confidence in its growth outlook and will nearly triple the outstanding shares to approximately 36.4 million, effective April 6, 2026.

Powell Industries Announces Three-For-One Stock Split

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