---
schema_version: "secwatch.filing_event.v1"
accession: "0001137091-24-000016"
form_type: "8-K"
ticker: "PSIX"
cik: "0001137091"
company_name: "POWER SOLUTIONS INTERNATIONAL, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:08:58.642253+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Power Solutions Q1 net income $7.1M ($0.31 EPS) up 91% YoY; sales down 18% to $95.2M but gross margin expands to 27%

## Summary
- Net income $7.1M ($0.31 diluted EPS) vs $3.7M ($0.16) in Q1 2023, a 91% increase.
- Revenue $95.2M, down 18% YoY; Power Systems up $17.3M offset by Industrial -$14.1M and Transportation -$24.4M.
- Gross margin improved to 27.0% from 20.2% due to mix, pricing, efficiencies, and lower warranty costs.
- Operating cash flow $15.6M, up $10.6M; debt reduced $5.0M; shareholders' equity positive $3.2M.
- Adjusted EBITDA $11.9M vs $10.1M; adjusted EPS $0.31 vs $0.16.

## SEC filing metadata
- accession: 0001137091-24-000016
- form_type: 8-K
- ticker: PSIX
- cik: 0001137091
- company_name: POWER SOLUTIONS INTERNATIONAL, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137091/000113709124000016/0001137091-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137091/000113709124000016/psix-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001137091-24-000016
- JSON: https://secwatch.observer/filing/0001137091-24-000016.json
- Plain text: https://secwatch.observer/filing/0001137091-24-000016.txt

## Key facts
- Earnings Releases
  POWER SOLUTIONS INTERNATIONAL, INC. reported first quarter of 2024 results: revenue $95.2 million, net income $7.1 million, EPS $0.31.
  - Period: first quarter of 2024
  - Revenue: $95.2 million
  - Net income: $7.1 million
  - EPS: $0.31
  - Result: reported results
  source text: Today, Power Solutions International, Inc., reported results for the three months ended March 31, 2024 , with first quarter of 2024 net income of $7.1 million and diluted earnings per share of $0.31, compared to net income of $3.7 million and diluted earnings per share of $0.16 for the first quarter of 2023. Sales for the first quarter of 2024 were $95.2 million, a decrease of $21.2 million, or 18%, compared to the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137091/000113709124000016/0001137091-24-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.