secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001193125-22-218573
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSIX Q2 net income $1.4M, sales up 8%; adjusted EPS $0.10 vs -$0.16
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522218573/0001193125-22-218573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522218573/d369284d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-218573

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer