Power Solutions International, Inc. Provides Earnings Guidance for the Third Quarter of 2015
October 28, 2015 at 09:16 am EDT
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Power Solutions International, Inc. provided earnings guidance for the third quarter of 2015. For the quarter, the company expects net sales of approximately $112 million, and GAAP net income of approximately of $9.1 million. Net income for the third quarter of 2015, adjusted to remove the impact of the revaluation of the company's private placement warrants, contingent consideration, and transaction related costs, is expected to be approximately $500,000 or $0.04 per diluted share.
Power Solutions International, Inc. designs, engineers, manufactures, markets and sells a broad range of advanced, emission-certified engines and power systems that are powered by a wide variety of clean, alternative fuels, including natural gas, propane, and biofuels, as well as gasoline and diesel options, within the power systems, industrial and transportation end markets. The Companyâs products are primarily used by global original equipment manufacturers (OEMs) and end user customers. The Companyâs products include power systems, electric power generation (gensets), large custom genset enclosures, mobile and stationary gensets for: emergency standby, rental, prime power, demand response, microgrid, oil and gas, data center, renewable energy resiliency (wind, solar, storage), combined heat and power (CHP), industrial material handling, agricultural/arbor care, irrigation/pumps, construction, compressors, wood chippers, stump grinders, and sweepers/industrial scrubbers.
POWER SOLUTIONS INTERNATIONAL, INC. 
