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POWER SOLUTIONS INTL INC - $PSIX STOCK NEWS

Welcome to our dedicated page for POWER SOLUTIONS INTL news (Ticker: $PSIX), a resource for investors and traders seeking the latest updates and insights on POWER SOLUTIONS INTL stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect POWER SOLUTIONS INTL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of POWER SOLUTIONS INTL's position in the market.

Rhea-AI Summary
Power Solutions International, Inc. (PSI) announces that Morbark will feature its 30kw lithium-ion power unit and chipper models at TCI Expo 2023, showcasing PSI's engines at the event hosted by the Tree Care Industry Association. The display will take place in St. Louis, Mo., featuring Morbark's BVR10 and BVR16 chipper models powered by PSI's engines.
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End-of-Day
9.62%
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Rhea-AI Summary
Power Solutions International, Inc. (PSIX) announces third quarter 2023 financial results, with sales at $115.9 million, a 7% decrease from 2022. Gross profit increased by 16%, EPS at $0.34, and operating cash flows at $35.5 million. Debt decreased by $50.1 million year-to-date. The Company projects 2023 sales to be under 2022 levels due to softer industrial and transportation markets, partially offset by growth in power systems.
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Rhea-AI Sentiment
End-of-Day
-3.45%
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Rhea-AI Summary
Power Solutions International, Inc. (PSI) announced second quarter 2023 financial results. Sales increased by 1% compared to the same period last year. Gross profit increased by 47% with a gross margin of 22.1%. Net income was $6.4 million, or $0.28 per share. The Company's total debt decreased to $190.3 million. Sales for 2023 are projected to remain consistent with 2022 levels.
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4%
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3.45%
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-1.34%
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management
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-3.57%
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-2.03%
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1.67%
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POWER SOLUTIONS INTL INC

OTC:PSIX

PSIX Rankings

PSIX Stock Data

50.99M
4.96M
60.02%
12.33%
14.46%
Motor and Generator Manufacturing
Manufacturing
Link
United States of America
Wood Dale

About PSIX

psi designs, engineers & manufactures emission-certified, alternatively-fueled engines & power systems power solutions international, inc. (psix) provides integrated turn-key engine and power solutions to leading global original equipment manufacturers in the industrial, off- and on-road markets. our unique in-house design, prototyping, engineering and testing capacities mean we can customize clean, high-performance engines that run on a wide variety of fuels including natural gas, propane, biogas, gasoline, or hybrid systems to meet and exceed applicable environmental standards.