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.
Power Solutions International, Inc. designs, engineers and manufactures emission-certified engines and power systems for OEMs and end-user customers in power systems, industrial and transportation end markets. Company news commonly covers quarterly results, demand for power generation products used in data centers and oil and gas, manufacturing capacity, margin and supply-chain execution, and fuel-agnostic engine platforms using natural gas, propane, gasoline, diesel and biofuels.
Updates also include strategic actions such as the completed acquisition of MTL Manufacturing & Equipment Inc., industrial engine distribution and development partnerships, credit-facility changes, Nasdaq-listed common stock matters and appointments affecting legal, board and corporate-secretary functions.
Power Solutions International (PSIX) has secured a significant financial milestone by amending its credit agreement with Standard Chartered Bank, increasing its committed borrowing capacity to $135.0 million. The amended facility extends through July 30, 2027, with interest rates at SOFR plus 2.10% per annum.
The company has demonstrated strong financial performance, achieving profitability and generating positive cash flows from operations. As a result, PSI released a $29.2 million valuation allowance previously recorded against deferred tax assets, boosting net income and stockholders' equity as of June 30, 2025.
The credit facility is secured by substantially all company assets and includes customary covenants such as minimum adjusted EBITDA and leverage ratio requirements.
Power Solutions International (NASDAQ:PSIX) reported exceptional Q2 2025 financial results, with record sales of $191.9 million, up 74% year-over-year, and net income of $51.2 million, a 138% increase. The company achieved diluted EPS of $2.22, up 136% from Q2 2024.
Key highlights include the resolution of going concern issues with a $29.2 million net income impact, debt reduction of $15.0 million, and a new $135.0 million revolving credit agreement extended to July 2027. The strong performance was driven by an $83.8 million increase in power systems sales, particularly in data centers and oil & gas sectors, despite challenges from shifting tariffs and production scaling.
[ "Record quarterly sales of $191.9M, up 74% year-over-year", "Net income surged 138% to $51.2M with EPS of $2.22", "Resolution of going concern with $29.2M tax benefit", "New $135M revolving credit agreement secured through July 2027", "Debt reduced by $15M in Q2 2025", "Inclusion in Russell 3000®, Russell 2000®, and Russell Microcap® indexes", "Strong cash position with $49.5M in cash and cash equivalents" ]Power Solutions International (NASDAQ: PSIX) reported record financial results for Q4 and full year 2024. Q4 sales reached $144.3 million, up 38% year-over-year, while full-year sales hit $476.0 million, a 4% increase.
Q4 net income surged 178% to $23.3 million ($1.01 EPS), compared to $8.4 million ($0.36 EPS) in Q4 2023. Full-year net income grew 163% to $69.3 million ($3.01 EPS). The company generated $62.4 million in operating cash flow for 2024.
The strong performance was driven by increased demand in the power systems business, particularly from the data center sector. Gross margin improved to 29.9% in Q4 2024, up from 26.3% in Q4 2023. The company successfully reduced its total debt from $145.2 million to $120.2 million year-over-year, while cash position strengthened to $55.3 million.
Power Solutions International (PSIX) has received approval from Nasdaq to uplist its common stock from OTC Pink to The Nasdaq Stock Market. Trading under the same ticker symbol 'PSIX' is set to begin on December 26, 2024. CEO Dino Xykis highlighted this as a transformative moment that reflects employee dedication and shareholder loyalty.
The uplisting aims to enhance the company's visibility, attract a broader investor base, and provide greater stock liquidity. The company, which specializes in emission-certified engines and power systems, has demonstrated consistent performance in profitability, debt reduction, and revenue growth, particularly through expansion in data center markets.
Power Solutions International (PSIX), a leading manufacturer of emission-certified engines and power systems, announced its participation in the Craig-Hallum 15th Annual Alpha Select Conference on November 19, 2024, in New York. The company's key executives, including CEO Dino Xykis, CFO Kenneth Li, General Counsel Randall Lehner, and VP of Human Resources William Buzogany, will engage in investor meetings during the conference.
Power Solutions International (PSIX) reported strong Q3 2024 financial results with net income of $17.3 million, up 122% year-over-year. Net sales increased 9% to $125.8 million, driven by higher power systems sales, particularly in the data center sector. Gross margin improved to 28.9%, up 4.8 percentage points from Q3 2023. The company completed refinancing with a new $120 million credit facility and secured a $105 million shareholder loan agreement with Weichai. Stockholders' equity turned positive at $42.1 million, up from a deficit of $3.9 million in December 2023. For 2024, PSI expects net sales to increase approximately 3% versus 2023.
Power Solutions International (OTC Pink: PSIX) announced its products will be showcased at TCI Expo 2024, taking place November 7-9 at the Baltimore Convention Center. Multiple equipment manufacturers will display PSI-powered machinery, including:
- Dyna Products: Woodchipper featuring PSI's 8.8-liter industrial engine
- Morbark: 30kw lithium-ion all electric power unit and BVR 10 Model woodchipper with 2.4-liter gasoline engine
- Bandit: 12XC woodchipper with 2.4-liter gasoline engine and 12XP with 4.3-liter gasoline engine
Power Solutions International (PSI) (OTC Pink: PSIX) has announced its participation in The Battery Show, taking place from October 7 to 10, 2024, at Huntington Place in Detroit, Michigan. PSI, a global leader in advanced, emission-certified engines and power systems, will showcase its innovative New Energy product line, featuring lithium-ion battery and power products designed for heavy industrial and other equipment applications.
Robert Shailes, PSI's Director of New Business Development, emphasized the show's importance in engaging with industry professionals and demonstrating their latest advancements in lithium-ion battery technology. The company's presence at the event underscores its commitment to developing sustainable power solutions for industrial sectors, aligning with the growing demand for environmentally responsible practices.