On August 3, 2026, Powell Industries reported third-quarter fiscal 2026 results ending June 30, 2026. Revenues reached $312 million, up 9% year-over-year, while net income rose 8% to $52 million ($1.42 diluted EPS). New orders surged 158% to $934 million, driven by a data center order exceeding $400 million and other industrial contracts, pushing the backlog to $2.4 billion. The company also declared a quarterly cash dividend of $0.09 per share, payable September 16, 2026, to shareholders of record on August 19, 2026. Powell Industries designs, manufactures, and services custom-engineered equipment for the distribution and control of electrical energy.

On July 1, 2026, the Compensation and Human Capital Committee of Powell Industries, Inc. approved a special one-time award of 36,000 restricted stock units (RSUs) for President, CEO, and Chairman Brett A. Cope. The award is designed to incentivize Mr. Cope's continued service beyond his age-60 retirement eligibility. Unlike standard time-based RSUs, this award features backloaded vesting: 25% on July 1, 2027, 25% on July 1, 2028, and 50% on July 1, 2029. If Mr. Cope retires before a vesting date, unvested RSUs will not accelerate or continue to vest. Powell Industries, Inc. manufactures electrical equipment and components for various industrial applications.