PSI reports Q4 net income $8.4M, sales down 24% YoY; debt reduced $15.1M

POWER SOLUTIONS INTERNATIONAL, INC.

Q4 2023 sales $104.8M, down 24% YoY; industrial down $29.5M, transportation down $16.8M, power systems up $14.0M.
Q4 net income $8.4M ($0.36 EPS) vs $9.3M ($0.40) prior year; adjusted net income $7.5M ($0.34 per share).
Full year 2023 net income $26.3M, up 133%, EPS $1.15; operating cash flow $70.5M.
Debt reduced $65.8M year-to-date, $15.1M in Q4; company provides 2024 outlook.
Gross margin improved to 26.3% from 21.5% due to mix, pricing, and freight cost management.

item 7.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

POWER SOLUTIONS INTERNATIONAL, INC. reported financial results for the fourth quarter and full year 2023.

Period: the fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On March 14, 2024, Power Solutions International, Inc. (the “Company”) issued a press release announcing fourth quarter and full year 2023 financial results and containing its outlook for 2024.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001137091-24-000009

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