Power Solutions International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 05:14 pm EST
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Power Solutions International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 115.88 million compared to USD 124.9 million a year ago. Net income was USD 7.8 million compared to USD 3.19 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.14 a year ago.
For the nine months, sales was USD 354.22 million compared to USD 344.33 million a year ago. Net income was USD 17.94 million compared to USD 1.95 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 0.09 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. 
