-
CEO Constantine Xykis resigns; CFO Kenneth Li appointed interim CEO
Constantine Xykis resigned as CEO effective May 12, 2026; he had served since April 2023.
-
PSI Q1 2026 net sales $128.6M (-5% YoY); EPS $0.32 vs $0.83; no formal guidance
Net sales $128.6M, down 5% YoY; power systems end market fell $10.2M, partially offset by industrial +$3.0M.
-
PSI Q4 gross margin 21.9%; sees 2026 growth, MTL acquisition adds vertical integration
Q4 gross margin 21.9% due to operational inefficiencies; long-term target ~25% margin.
-
Power Solutions International acquires MTL Manufacturing to boost data center power supply chain
Acquired 100% of MTL Manufacturing & Equipment Inc., a steel fabrication company in Beloit, WI, for cash and assumed equipment debt.
-
PSI reports record FY2025 sales $722.4M (+52%), net income $114M (+65%); Q4 net income down 31%
Q4 net sales $191.2M (+33% YoY); net income $16.1M (-31% YoY); diluted EPS $0.70 vs $1.01.
-
PSI Q3 sales $203.8M (+62%), net income $27.6M; FY2025 outlook at 45% growth
Record quarterly sales of $203.8M, up 62% YoY; net income $27.6M (+59%); diluted EPS $1.20 (+60%).
-
Power Solutions reports record Q2 2025: sales $191.9M, EPS $2.22, resolves going concern
Sales $191.9M (+74% YoY); net income $51.2M (+138% YoY); diluted EPS $2.22 (+136% YoY).
-
PSI amends credit agreement: committed facility raised to $135M, adds BNP Paribas
Second amendment increases committed borrowing capacity from uncommitted to $135M; expires July 30, 2027.
-
Director Kenneth W. Landini resigns effective July 23 citing board governance concerns; board disagrees
Landini resigned July 23; board had declined to renominate him for re-election at the 2025 annual meeting.
-
PSI Q1 net income up 168% to $19.1M; sales surge 42% to $135.4M
EPS $0.83 vs $0.31 YoY; gross margin 29.7% improved 2.7 pp.
-
Power Solutions reports record Q4 net income $23.3M, EPS $1.01; full year net income $69.3M
Q4 net sales $144.3M (+38% YoY); net income $23.3M (+178%); diluted EPS $1.01 vs $0.36.
-
Power Solutions International uplists to Nasdaq effective Dec 26, 2024
Common stock began trading on Nasdaq on December 26, 2024, under symbol PSIX.
-
PSI Q3 net income $17.3M (+122% YoY); EPS $0.75 up from $0.34; gross margin 28.9%
Net sales $125.8M (+9% YoY) driven by power systems (+$23.7M), offset by industrial and transportation declines.
-
PSI closes $120M credit facility with Standard Chartered, refinances $100M in debt
New $120M uncommitted senior secured revolving credit facility with Standard Chartered; initial $100M draw.
-
PSI Q2 net income surges 236% to $21.5M; gross margin 31.8%
Diluted EPS $0.94 vs $0.28 YoY; revenue $110.6M (-9% YoY) on power systems growth offset by industrial/transport declines.
-
PSI extends $25M shareholder loan with Weichai to May 2025
Extended $25M shareholder loan maturity to May 20, 2025; loan fully drawn.
-
Power Solutions Q1 net income $7.1M ($0.31 EPS) up 91% YoY; sales down 18% to $95.2M but gross margin expands to 27%
Net income $7.1M ($0.31 diluted EPS) vs $3.7M ($0.16) in Q1 2023, a 91% increase.
-
Power Solutions extends $130M credit facility and $30M shareholder loan to 2025
Fourth Amended Credit Agreement extends maturity to March 21, 2025 or demand; $50M outstanding, no scheduled principal payments.
-
PSI reports Q4 net income $8.4M, sales down 24% YoY; debt reduced $15.1M
Q4 2023 sales $104.8M, down 24% YoY; industrial down $29.5M, transportation down $16.8M, power systems up $14.0M.
-
PSI Q3 net income $7.8M, EPS $0.34; revenue down 7% to $115.9M
Gross profit up 16%, margin expanded to 24.1% from 19.3%.
-
Power Solutions Q2 net income $6.4M ($0.28 EPS) vs $1.4M ($0.06); gross margin rises to 22.1%
Sales $121.9M (+1% YoY); power systems +$7.5M, transportation +$6.8M, industrial -$12.9M.
-
Power Solutions Q1 turns to profit; net sales up 18% YoY
Net income $3.7M ($0.16 EPS) vs loss of $2.6M (-$0.11) a year ago.
-
Power Solutions International appoints Dino Xykis as permanent CEO and CTO
Appointment effective April 24, 2023; Xykis had served as interim CEO since June 2022.
-
PSI Q4 net income $9.3M vs loss $7.6M; sales up 8% to $137M
Q4 2022 sales $137.0M, up 8% YoY; industrial +$19.5M, power systems +$10.0M, transportation -$19.5M.
-
Power Solutions International extends $130M credit facility and shareholder loans to 2024
Amended $130M uncommitted senior secured revolver with Standard Chartered; maturity extended to March 22, 2024 or on demand.
-
Power Solutions extends $50M Weichai shareholder loan to Nov 2023 at SOFR+4.65%
Amended and restated $50M loan from majority stockholder Weichai; maturity extended to Nov 30, 2023.
-
PSI reports Q3 net income of $3.2M, up $10.4M vs prior-year loss; adj EPS $0.18
Sales rose 6% to $124.9M; gross margin improved 9.7 pts to 19.3% on higher sales, mix, pricing, lower warranty costs.
-
PSIX Q2 net income $1.4M, sales up 8%; adjusted EPS $0.10 vs -$0.16
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).
-
Power Solutions International finalizes separation agreement with ex-CEO Lance Arnett; $425K cash severance
Cash severance of $425,000 paid in 12 monthly installments of $35,416.67 starting June 30, 2022.
-
Power Solutions International CEO resigns; CTO Xykis named Interim CEO
CEO Lance Arnett resigned effective May 31, 2022, to pursue other interests.
-
PSI Q1 sales $98.9M, net loss narrows to $2.6M; adjusted EBITDA turns positive $3.7M
Sales $98.9M, down 1% YoY; power systems +52%, industrial +33%, transportation -$25.8M.