Powell announces $12.4M investment to expand production capacity in Houston

Powell (POWL) announced a $12.4M investment to expand production capacity at its Jacintoport manufacturing facility in Houston. This announcement brings the cumulative investment in the Jacintoport fabrication yard to approximately $20M over the past eight years, and nearly $40M across Powell’s three Houston manufacturing facilities to support the company’s organic growth plans. The investment will add an incremental 335,000 square feet of productive capacity for Power Control Room laydown area, a 62% increase from the current yard capacity. The investment will also double the length of the existing shoreline bulkhead to 1,150 feet to support increased schedule flexibility and multiple ship lanes for the varied needs and project timelines of Powell’s customers. The incremental capacity is initially expected to support the Company’s Oil & Gas customers but can be utilized to support each of Powell’s market sectors. Construction is expected to begin during the first quarter of FY26 and is expected to be completed in late Fiscal 2026.