earnings
confidence high
sentiment positive
materiality 0.70
PSIX Q2 net income $1.4M, sales up 8%; adjusted EPS $0.10 vs -$0.16
POWER SOLUTIONS INTERNATIONAL, INC.
2022-Q2 EPS reported
-$0.05
revenue$219,426,000
- Net income of $1.4M ($0.06 EPS) vs net loss of $15.6M ($0.68 loss) in Q2 2021; adjusted net income $2.4M ($0.10 adj. EPS) vs adj. loss $3.8M (-$0.16).
- Sales $120.5M, up 8% YoY; power systems +$22.3M (+91%), industrial +$21.5M (+58%), transportation -$34.9M as expected.
- Gross profit up 39% to $18.3M (15.2% margin vs 11.8%); operating expenses down 46% to $15.0M due to lower legal costs.
- Adjusted EBITDA $6.0M vs -$0.5M; interest expense $2.7M vs $1.5M; income tax benefit $0.8M.