Power Solutions Q1 turns to profit; net sales up 18% YoY

POWER SOLUTIONS INTERNATIONAL, INC.

2023-Q1 EPS reported $0.16 revenue$116,469,000

Net income $3.7M ($0.16 EPS) vs loss of $2.6M (-$0.11) a year ago.
Net sales increased 18% to ~$114.7M; power systems up $6.4M, transportation up $14.0M, industrial down $2.9M.
Adjusted EBITDA $10.1M vs $3.7M; gross margin expanded 3.3 pts to 20.2%.
Interest expense rose $2.2M to $4.7M due to higher debt and rates.
Warranty costs $5.1M net, including $3.9M adjustments to preexisting warranties.

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 first quarter of 2023 results: net income $3.7 million, EPS $0.16 per share.

Period: first quarter of 2023
Net income: $3.7 million
EPS: $0.16 per share
Result: reported results

Exact text from the filing

Net income in the first quarter of 2023 was $3.7 million, or $0.16 per share

View on SEC.gov

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

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-142200

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