Powell Industries to expand Houston facility with $12.4 million investment

HOUSTON - Powell Industries, Inc. (NASDAQ:POWL), a supplier of custom engineered electrical energy solutions with a market capitalization of nearly $3 billion, announced Wednesday a $12.4 million investment to expand production capacity at its Jacintoport manufacturing facility in Houston. According to InvestingPro analysis, the company is trading near its Fair Value, supported by strong revenue growth of 14% over the last twelve months.

The expansion will add 335,000 square feet of productive capacity for Power Control Room laydown area, representing a 62% increase from current yard capacity. The project will also double the existing shoreline bulkhead to 1,150 feet to support increased schedule flexibility and multiple ship lanes.

This investment brings Powell’s total investment in the Jacintoport fabrication yard to approximately $20 million over the past eight years, and nearly $40 million across its three Houston manufacturing facilities.

According to the company’s press release statement, the expansion aims to support anticipated Oil & Gas order activity driven by LNG project development over the next three to five years, though the additional capacity can be utilized across all of Powell’s market sectors.

Brett A. Cope, Powell’s Chairman and Chief Executive Officer, said the expansion is "a critical step to support what we expect will be a strong and durable cycle of Oil & Gas order activity driven by LNG project development."

Construction is expected to begin during the first quarter of fiscal 2026 and be completed in late fiscal 2026.

Powell Industries designs, manufactures and services custom-engineered equipment for electrical energy distribution, control and monitoring. The company serves industrial customers including utilities, oil and gas producers, refineries, petrochemical plants, and mining operations. The company’s strong market position is reflected in its impressive 47% stock price return over the past year. For deeper insights into Powell’s performance and outlook, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Powell Industries announced its Q3 2025 earnings, revealing an earnings per share (EPS) of $3.96, which exceeded the anticipated $3.88. Despite this positive earnings result, the company did not meet revenue projections, reporting $286 million compared to the expected $307.21 million. These developments have been closely monitored by investors and analysts alike. The financial community continues to analyze these figures, looking for insights into the company’s future performance. Additionally, analysts from various firms are assessing the implications of these earnings and revenue results. Investors are advised to stay informed about further updates from Powell Industries as the company navigates its financial landscape. These recent developments are shaping the current investment discussions surrounding the company.

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