Power Solutions International, Inc. Revises Sales Guidance for the Full Year of 2021 and Earnings Guidance for the Fourth Quarter of 2021
August 11, 2021 at 04:47 pm EDT
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Power Solutions International, Inc. revised sales guidance for the full year of 2021 and earnings guidance for the fourth quarter of 2021. The Company anticipates its sales for the full year of 2021 will be at least 20% above 2020 levels as a result of anticipated growth across all of its end markets, with expectations for its energy and industrial end markets to provide a greater contribution in the second half of the year.
During the second half of 2021, the fourth quarter is anticipated to exhibit a significantly higher sales growth rate versus the other quarters in 2021 and the Company anticipates that its gross profit as a percentage of sales will improve meaningfully in the quarter versus the first half of 2021.
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. 
