PSI reports Q3 net income of $3.2M, up $10.4M vs prior-year loss; adj EPS $0.18

POWER SOLUTIONS INTERNATIONAL, INC.

2022-Q3 EPS reported $0.09 revenue$344,326,000

Sales rose 6% to $124.9M; gross margin improved 9.7 pts to 19.3% on higher sales, mix, pricing, lower warranty costs.
Net income $3.2M ($0.14/share) vs net loss $7.2M ($0.31/share loss) in Q3 2021.
Adjusted net income $4.2M ($0.18/share) vs adjusted net loss $4.8M ($0.21 loss) a year ago.
Adjusted EBITDA swung to $9.9M positive from -$1.5M in prior year period.
Operating cash flow was $12.5M vs -$24.9M in Q3 2021, driven by higher earnings and working capital improvements.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

POWER SOLUTIONS INTERNATIONAL, INC. reported third quarter 2022 results: net income $3.2 million, EPS $0.14 per share.

Period: third quarter 2022
Net income: $3.2 million
EPS: $0.14 per share
Result: reported results

Exact text from the filing

Power Solutions International Announces Third Quarter 2022 Financial Results Net Income of $3.2 Million, an Improvement of $10.4 Million Adjusted Net Income of $4.2 million, an Improvement of $9.0 Million Adjusted Earnings Per Share of $0.18 Versus Adjusted Loss Per Share of $0.21, an Improvement of $0.39 Earnings Per Share of $0.14 Versus Loss Per Share of $0.31, an Improvement of $0.45 Gross Profit Growth of $12.8 Million or 113%

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-284837

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