secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001193125-23-142200
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523142200/0001193125-23-142200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523142200/d504538d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-142200

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