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 announces 3-for-1 stock split to enhance 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>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Powell Industries has approved a 3-for-1 forward stock split aimed at increasing liquidity and accessibility for investors. The split reflects the company&#039;s strong performance and growth outlook, with expects trading adjustments to begin on April 6, 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Powell Industries approved a 3-for-1 stock split.</li><li>Increase in authorized shares to accommodate the split.</li><li>Stock split reflects company growth confidence and aims for improved liquidity.</li><li>Record date for the split is March 20, 2026.</li><li>Split-adjusted trading begins on April 6, 2026.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>E.ON SE (EOAN)</strong>: A competitor in energy distribution markets that may influence investor sentiment.</li><li><strong>General Electric Company (GE)</strong>: Operates in similar markets; could impact competitive dynamics for POWL.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under Corporate Developments as it involves structural changes to POWL&#039;s stock, which directly impacts investor engagement and market strategy.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The stock split may attract more investors, thereby driving up market demand.</li><li>Increased number of shares may lead to heightened trading volume post-split.</li><li>Positive sentiment from the split announcement could bolster stock price ahead of implementation.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Approved 3-for-1 stock split effective April 2, 2026.</li><li>Record date for shareholders is March 20, 2026.</li><li>Outstanding shares to increase from approx. 12.1 million to 36.4 million.</li><li>CEO Brett A. Cope cited confidence in growth as reason for split.</li><li>Stock&#039;s liquidity is expected to improve post-split.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in POWL as the stock split could enhance liquidity and investor interest in the short-term.</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 approved a 3-for-1 forward stock split aimed at increasing liquidity and accessibility for investors. The split reflects the company's strong performance and growth outlook, with expects trading adjustments to begin on April 6, 2026.

Powell Industries Announces Three-For-One Stock Split

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