POWELL INDUSTRIES INC reported its fiscal 2026 second quarter ended March 31, 2026 results: revenue $296.6 million, net income $45.9 million, EPS $1.25 per diluted share.
“results for the second quarter Fiscal 2026 ended March 31, 2026. All comparisons are to the second quarter of Fiscal 2025, unless otherwise noted. Key Highlights: • Revenues of $297 million increased 6%; • Gross profit of $88 million, or 29.6% of revenue, increased 5%; • Net income of $45.9 million, or $1.25 per diluted share (1) , declined 1%; • New orders (2)”
Governance Changes
POWELL INDUSTRIES INC: Amended certificate of incorporation to effect a three-for-one forward stock split and increase authorized common stock from 30 million to 90 million shares (effective 2026-04-01).
“On March 31, 2026, the Company filed an amendment (the “Amendment”) to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the previously announced Stock Split and proportionately increase the number of shares of the Company’s authorized common stock from 30 million to 90 million.”
Earnings Releases
POWELL INDUSTRIES INC reported Fiscal 2024 second quarter ended March 31, 2024 results: revenue $255 million, net income $33 million, or $2.75 per diluted share, EPS $2.75 per diluted share.
“2024 second quarter ended March 31, 2024. All comparisons are to the second quarter of Fiscal 2023, unless otherwise noted. Second Quarter Key Highlights: • Revenues totaled $255 million, an increase of 49%; • Gross profit of $63 million, or 24.6% of revenue, a 510 basis point improvement; • Net income of $33 million, or $2.75 per diluted share; • New orders (1)”
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