{"id":942723,"date":"2026-03-06T16:06:28","date_gmt":"2026-03-06T21:06:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-three-for-one-stock-split\/"},"modified":"2026-03-06T16:06:28","modified_gmt":"2026-03-06T21:06:28","slug":"powell-industries-announces-three-for-one-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-three-for-one-stock-split\/","title":{"rendered":"Powell Industries Announces Three-For-One Stock Split"},"content":{"rendered":"<div class=\"mw_release\">\n<p>HOUSTON, March  06, 2026  (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company\u2019s 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\u2019s Amended and Restated Certificate of Incorporation. Each shareholder of record as of the close of trading on March 20, 2026 (the \u201crecord date\u201d) 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.\u00a0<\/p>\n<p>Brett A. Cope, Powell\u2019s Chairman and Chief Executive Officer, stated, \u201cOur Board\u2019s 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.\u201d<\/p>\n<p>The Company expects that the stock split will increase the number of shares of the Company\u2019s 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\u2019s common stock underlying the Company\u2019s outstanding stock awards, the number of shares issuable under the Company\u2019s equity incentive plans and other existing agreements and the Company\u2019s 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\u2019s 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\u2019s common stock.<\/p>\n<p align=\"justify\">\n        <strong>About Powell Industries<\/strong><br \/>\n        <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.<\/p>\n<table style=\"border-collapse: collapse;width:99%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:15%;width:15%;min-width:15%\">Contacts:\u00a0<\/td>\n<td style=\"max-width:85%;width:85%;min-width:85%\">Michael W. Metcalf, CFO<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>Powell Industries, Inc.<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>713-947-4422<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>Robert Winters or Ryan Coleman<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>Alpha IR Group<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>POWL@alpha-ir.com<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>312-445-2870<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2NTg0MiM3NDY3NjM3IzIwMjAzNTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWU2M2E3NzctMTRlNy00MTYyLWI3YzMtZmZlYmYxODcyY2RkLTEwMzE5MjktMjAyNi0wMy0wNi1lbg==\/tiny\/Powell-Industries-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON, March 06, 2026 (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company\u2019s 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\u2019s Amended and Restated Certificate of Incorporation. Each shareholder of record as of the close of trading on March 20, 2026 (the \u201crecord date\u201d) 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-three-for-one-stock-split\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Powell Industries Announces Three-For-One Stock Split&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-942723","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Powell Industries Announces Three-For-One Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-three-for-one-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Powell Industries Announces Three-For-One Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, March 06, 2026 (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) announced today that its Board of Directors has approved a three-for-one forward stock split of the Company\u2019s 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\u2019s Amended and Restated Certificate of Incorporation. Each shareholder of record as of the close of trading on March 20, 2026 (the \u201crecord date\u201d) will receive, after the close of trading on April 2, 2026, two additional shares for every one share held on the record date. 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