secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001137091-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000113709124000016/0001137091-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000113709124000016/psix-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001137091-24-000016

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