Power Solutions International, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 31, 2023 at 04:27 pm EDT
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Power Solutions International, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 137.01 million compared to USD 126.98 million a year ago. Net income was USD 9.32 million compared to net loss of USD 7.57 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to basic loss per share from continuing operations of USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to diluted loss per share from continuing operations of USD 0.33 a year ago.
For the full year, sales was USD 481.33 million compared to USD 456.26 million a year ago. Net income was USD 11.27 million compared to net loss of USD 48.47 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to basic loss per share from continuing operations of USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to diluted loss per share from continuing operations of USD 2.12 a year ago.
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. 
