PSI Q2 net income surges 236% to $21.5M; gross margin 31.8%

POWER SOLUTIONS INTERNATIONAL, INC.

2024-Q2 EPS reported $1.25 revenue$205,826,000

Diluted EPS $0.94 vs $0.28 YoY; revenue $110.6M (-9% YoY) on power systems growth offset by industrial/transport declines.
Gross margin expanded 9.7 ppt to 31.8% on improved mix, pricing, and lower warranty costs.
Total debt reduced $5M to $135.1M; cash $28.8M. Full-year 2024 sales expected to grow ~3%.
Power systems sales up $18.6M YoY driven by data center and packaging market demand.
Company secured major multi-year data center sales agreements still being finalized.

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