secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001137091-24-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000113709124000009/0001137091-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000113709124000009/psix-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001137091-24-000009

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