Power Solutions International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:47 pm EDT
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Power Solutions International, Inc. reported earnings results for the second Quarter and six months Ended June 30, 2021. For the quarter, the company reported net sales were $111,478,000 compared to $93,056,000 a year ago. Operating loss was $14,639,000 compared to $15,381,000 a year ago. Net loss was $15,571,000 compared to $17,742,000 a year ago. Basic loss per share was $0.68 compared to $0.78 a year ago.
For the six months, the company reported net sales were $211,649,000 compared to $198,153,000 a year ago. Operating loss was $30,238,000 compared to $19,072,000 a year ago. Net loss was $33,721,000 compared to $18,454,000 a year ago. Basic loss per share was $1.47 compared to $0.81 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. 
