Every material Form 8-K Powell Industries has filed with the SEC since January 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Powell Industries' Board of Directors declared a quarterly cash dividend of $0.09 per share, announced in a November 3, 2026 press release. Shareholders of record at the close of business on November 18, 2026 will receive the payment on December 16, 2026.
Quarterly cash dividend of $0.09 per share declared
Record date: close of business on November 18, 2026
Powell Industries reported fiscal 2026 third-quarter results for the period ended June 30, 2026, with revenue up 9% to $312 million and diluted earnings per share up 8% to $1.42. New orders of $934 million and backlog of $2.4 billion both rose sharply from a year earlier, and the company's board declared a quarterly dividend of $0.09 per share.
Net income was $52.2 million, or $1.42 per diluted share, up 8% from $1.32 a year earlier.
New orders totaled $934 million, up 158% from $362 million in the prior-year quarter; backlog reached $2.4 billion as of June 30, 2026, up 69%.
The board declared a $0.09 per share quarterly cash dividend, payable September 16, 2026, to shareholders of record on August 19, 2026.
Management is conference-calling on August 4, 2026 at 11:00 a.m. Eastern time.
Powell Industries' board approved a one-time award of 36,000 restricted stock units for CEO and Chairman Brett A. Cope, intended to keep him in service past age 60, when he becomes eligible to retire. The award vests in stages through July 1, 2029, and unvested units will not accelerate if he retires early, which ties the grant to continued service.
Award covers 36,000 RSUs under the 2014 Equity Incentive Plan, approved by the Compensation and Human Capital Committee on July 1, 2026 and by the Board on July 2, 2026
Vesting is backloaded: 25% on July 1, 2027, 25% on July 1, 2028, and 50% on July 1, 2029, instead of equal annual installments over three years
If Mr. Cope retires before a vesting date, the unvested portion will not vest or continue to vest solely due to retirement, despite the Employment Agreement dated October 1, 2016
Powell Industries reported fiscal second-quarter 2026 revenue of $296.6 million, up 6% from a year earlier, while net income of $45.9 million, or $1.25 per diluted share, fell 1%, as higher SG&A and R&D expenses offset higher revenue. New orders rose 97% to $490 million and backlog reached $1.8 billion, but the company's outlook did not include a numeric revenue or earnings target, and management said it expects margins to stay consistent with the prior year.
Revenue of $296.6 million, up 6% from $278.6 million; gross margin 29.6% of revenue
Net income of $45.9 million, or $1.25 per diluted share, down 1% from $46.3 million, or $1.27 per diluted share, after adjusting for the three-for-one stock split
New orders of $490 million, up 97%; backlog of $1.8 billion as of March 31, 2026, up 33%
Subsequent to quarter end, Powell was awarded a data center order with a value exceeding $400 million
Powell Industries reported fiscal first-quarter 2026 revenue of $251.2 million, up 4% from a year earlier, and net income of $41.4 million, or $3.40 per diluted share, up 19%. New orders rose 63% to $439 million and backlog reached $1.6 billion, while the board raised the quarterly dividend to $0.27 per share, payable March 18, 2026.
Q1 fiscal 2026 revenue of $251.2 million, up 4% from $241.4 million a year earlier, but down 16% from the fourth quarter of fiscal 2025
Net income of $41.4 million, or $3.40 per diluted share, compared with $2.86 per diluted share a year earlier
New orders of $439 million, up 63%, including an approximately $75 million data center order; backlog of $1.6 billion as of December 31, 2025
Quarterly dividend increased to $0.27 per share, payable March 18, 2026, to holders of record on February 18, 2026
Powell Industries' compensation committee approved restricted stock unit awards for CEO Brett Cope and CFO Michael Metcalf on January 2, 2026, and the board approved them on January 3, 2026. The awards raise each executive's annual long-term incentive target and set it as a fixed dollar amount rather than a multiple of base salary. The change increases potential equity pay tied to performance goals, and shareholders will see it reflected in future compensation costs.
Cope's target value is $2,200,000, up from 170% of base salary, which is currently $750,000.
Metcalf's target value is $600,000, up from 75% of base salary, which is currently $424,400.
Cope's award is now 60% performance-based and 40% time-based, versus a 50/50 split previously.
Performance units add a three-year Revenue Compound Annual Growth Rate goal alongside EBITDA and safety goals.
Powell Industries reported fourth-quarter fiscal 2025 revenue of $298 million, up 8%, and diluted earnings of $4.22 per share, up 12% from a year earlier. For the full fiscal year ended September 30, 2025, revenue rose 9% to $1.1 billion and diluted EPS rose 21% to $14.86. The company gave no numeric fiscal 2026 guidance, saying only that it expects another year of solid financial results.
Q4 fiscal 2025 net income was $51.4 million, or $4.22 per diluted share, versus $3.77 a year earlier.
Backlog was $1.4 billion as of September 30, 2025, up 3% from a year earlier but down 2% from June 30, 2025.
Q4 new orders were $271 million, up 1% from the prior year but down from $362 million in the third quarter of fiscal 2025.
Full-year net income was $180.7 million, or $14.86 per diluted share, up 21% from $149.8 million in fiscal 2024.
Powell Industries reported fiscal third-quarter 2025 revenue of $286.3 million, down 1% from a year earlier, while net income rose 4% to $48.2 million, or $3.96 per diluted share. The company also declared a quarterly cash dividend of $0.2675 per share and announced a definitive agreement to acquire Remsdaq Ltd. after quarter end.
Revenue was $286.3 million versus $288.2 million a year earlier, a 1% decline; gross profit rose 8% to $87.9 million
Net income was $48.2 million, or $3.96 per diluted share, compared with $3.79 a year earlier
Backlog reached $1.4 billion as of June 30, 2025, up 5% from June 30, 2024
Dividend of $0.2675 per share is payable September 17, 2025 to holders of record on August 20, 2025
Powell Industries increased its board from eight to nine directors and appointed Mark W. Smith to the new seat, with a term starting August 1, 2025. Smith will also serve on the Audit Committee, and the filing does not describe any financial results or change in company operations.
Board size increased from eight to nine directors by action taken July 18, 2025
Mark W. Smith's term begins August 1, 2025 and runs to the 2027 annual stockholder meeting
Smith will serve on the Audit Committee and receives an initial stock award valued at $50,000
Powell Industries reported fiscal 2025 second-quarter results for the period ended March 31, 2025, with revenue of $278.6 million, up 9%, and net income of $46.3 million, or $3.81 per diluted share, up 38% from a year earlier. The company also declared a quarterly cash dividend of $0.2675 per share, payable June 18, 2025, to shareholders of record on May 21, 2025.
Revenue of $278.6 million rose 9% from $255.1 million a year earlier; gross profit rose 33% to $83.4 million, or 29.9% of revenue.
Net income of $46.3 million, or $3.81 per diluted share, compared with $33.5 million, or $2.75 per diluted share, a year earlier.
Backlog was $1.3 billion as of March 31, 2025, essentially unchanged; new orders totaled $249 million.
Quarterly cash dividend of $0.2675 per share: record date May 21, 2025; payment date June 18, 2025.
Powell Industries reported first quarter fiscal 2025 results for the period ended December 31, 2024, with revenue up 24% from the prior year and diluted earnings per share of $2.86, up from $1.98. Net income rose 44% to $34.8 million, and new orders grew to $269 million, though revenue and profit both fell sequentially from the fourth quarter, which the company attributed mainly to seasonality. Management said it expects robust revenue and earnings through the rest of fiscal 2025.
Revenue of $241.4 million, up 24% year over year but down 12% from $275.1 million in the fourth quarter of fiscal 2024
Net income of $34.8 million, or $2.86 per diluted share, up 44% from $1.98 a year earlier
New orders of $269 million versus $198 million a year earlier; backlog steady at $1.3 billion
Conference call scheduled for February 7, 2025 at 11:00 a.m. Eastern time
Powell Industries reported fiscal fourth-quarter and full-year 2024 results for the period ended September 30, 2024, with revenue and net income up sharply from the prior year. Q4 revenue was down 5% from the third quarter, and full-year net new orders fell to $1.1 billion from $1.4 billion. The filing gives no numeric fiscal 2025 guidance; management only said it expects fiscal 2025 to be another successful year.
Q4 revenue of $275 million, up 32% from $208.6 million; diluted EPS of $3.77 vs. $2.17 a year earlier
Full-year revenue of $1.0 billion, up 45%; net income of $149.8 million, or $12.29 per diluted share, up 175%
Backlog of $1.3 billion at September 30, 2024, essentially unchanged from June 30, 2024 and September 30, 2023
Conference call scheduled for Wednesday, November 20, 2024 at 11:00 a.m. Eastern time
Powell Industries reported fiscal third-quarter 2024 revenue of $288.2 million, up 50% from a year earlier, and net income of $46.2 million, or $3.79 per diluted share, compared with $1.52 a year earlier. New orders fell to $356 million from $505 million a year earlier, and backlog held at $1.3 billion. The company also declared a quarterly cash dividend of $0.2650 per share.
Revenue $288.2 million, up 50% from $192.4 million; gross margin 28.4%, up from 22.2%
Net income $46.2 million, or $3.79 per diluted share, vs. $1.52 a year earlier
New orders $356 million vs. $505 million a year earlier, which the company attributed to two LNG projects awarded in the prior-year quarter
Quarterly dividend of $0.2650 per share, record date August 14, 2024, payable September 18, 2024
Powell Industries reported fiscal second-quarter 2024 revenue of $255.1 million, up 49% from a year earlier, and net income of $33.5 million, or $2.75 per diluted share, versus $0.70 a year earlier. New orders fell to $235 million from $508 million, which the company attributed to two large LNG and petrochemical projects awarded in the prior-year quarter. The board also declared a quarterly dividend of $0.2650 per share.
Revenue $255.1 million vs. $171.4 million in fiscal Q2 2023; gross margin 24.6% vs. 19.5%
Net income $33.5 million, or $2.75 per diluted share, vs. $8.5 million, or $0.70, a year earlier
New orders $235 million vs. $508 million a year earlier; backlog steady at $1.3 billion
Quarterly dividend of $0.2650 per share; record date May 15, 2024; payable June 12, 2024
At the February 14, 2024 annual meeting, stockholders re-elected James W. McGill and elected Mohit Singh as directors, each for a term expiring in fiscal 2027. John D. White's resignation, accepted by the board on February 13, 2024 under the company's age-75 policy, took effect at the meeting. Stockholders also approved the advisory say-on-pay proposal.
Mohit Singh elected director: 10,046,799 votes for and 23,312 withheld or abstentions.
James W. McGill re-elected: 9,840,163 votes for and 229,948 withheld or abstentions.
John D. White resigned under the age-75 policy; the board accepted the resignation on February 13, 2024.
Say-on-pay approved: 9,969,638 votes for, 87,381 against and 13,092 withheld or abstentions.
Powell Industries reported fiscal 2024 first-quarter results for the period ended December 31, 2023, with revenue of $194.0 million, up from $126.9 million a year earlier, and net income of $24.1 million, or $1.98 per diluted share, compared with $1.2 million, or $0.10 per share, a year earlier. The Board also approved a quarterly cash dividend of $0.2650 per share, which the company said raises the annualized dividend 1% to $1.06 from $1.05.
Revenue of $194.0 million, versus $126.9 million in the first quarter of fiscal 2023; new orders of $198 million; backlog of $1.3 billion, versus $680 million at December 31, 2022.
Gross margin of 24.8%, versus 15.3% a year earlier; net income of $24.1 million, or $1.98 per diluted share.
Quarterly dividend of $0.2650 per share, payable March 13, 2024, to shareholders of record at the close of business on February 14, 2024.
Conference call scheduled for Wednesday, January 31, 2024, at 11:00 a.m. Eastern time.
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