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Power Solutions International, Inc. (PSI) is a leading company that specializes in designing, engineering, and manufacturing emission-certified, alternatively fueled engines and power systems. They offer integrated turn-key engine solutions to global OEMs in various markets, including industrial, off-road, and on-road sectors. With a focus on clean, high-performance engines, PSI can customize solutions that run on fuels like natural gas, propane, biogas, gasoline, or hybrid systems to meet environmental standards effectively.
The company's unique capabilities in design, prototyping, engineering, and testing allow them to deliver innovative and efficient power solutions tailored to specific needs. PSI serves a wide range of applications, such as stationary and mobile power generation, industrial equipment, forklifts, trucks, buses, and more. Their fuel-agnostic approach and commitment to sustainability set them apart in the industry, making them a reliable partner for clients seeking advanced engine solutions.
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Power Solutions International, Inc. (PSIX) unveils a new website, www.psiengines.com, with a modern design and user-friendly navigation, enhancing visitor experience.
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Power Solutions International, Inc. amends its $130 million credit agreement with Standard Chartered Bank, extending the maturity date. The agreement includes no principal payments scheduled, with interest rates tied to SOFR. The company also amends existing shareholder loan agreements with Weichai America Corp, securing funds for repayment of outstanding borrowings.
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Power Solutions International, Inc. announces approval of its diesel engine line for Hydrotreated Vegetable Oil (HVO) use, offering sustainable fuel options. HVO is a renewable alternative to traditional diesel, reducing carbon footprint. PSI's diesel engines are EPA certified for various industries, providing reliable performance and power density.
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Power Solutions International, Inc. (PSI) reported a net income of $8.4 million and EPS of $0.36 for the fourth quarter of 2023, with full-year net income of $26.3 million, an increase of 133%, and EPS of $1.15. Operating cash flows for the full year were $70.5 million, showing an increase of $79.4 million. Debt decreased by $65.8 million year-to-date. Sales for the fourth quarter were $104.8 million, a decrease of $32.3 million from the previous year. The decrease was mainly due to lower sales in industrial and transportation end markets, partially offset by an increase in power systems end market. Gross profit decreased by $1.9 million, but gross margin increased to 26.3%. Adjusted net income was $7.5 million, with adjusted EPS of $0.34. Debt stood at approximately $145.2 million at the end of 2023, with cash and cash equivalents of $22.8 million. The company expects a 3% increase in sales for 2024, driven by growth in the power systems end market.
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Power Solutions International, Inc. appointed Randall D. Lehner as its General Counsel, bringing over 20 years of legal experience in complex commercial litigation, regulatory compliance, and internal controls. Lehner's previous roles include serving as associate general counsel for Guaranteed Rate, LLC, and as a partner at Kelly, Drye & Warren, LLP. He holds a Juris Doctor degree from Duke University and a Bachelor of Arts degree in political science from the University of Michigan.
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Power Solutions International, Inc. (PSIX) to showcase engines at World Ag Show in Tulare, Calif. Husker Power Products and Amarillo Wind Machines to feature PSI engines during the event.
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Power Solutions International, Inc. (PSIX) will be exhibiting at PowerGen International in New Orleans to showcase its emission-certified engines and power systems. The event will take place from January 23 to January 25, 2024, and will bring together industry professionals to explore the latest advancements in power generation technologies.
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Power Solutions International, Inc. (PSI) (OTC Pink: PSIX) has amended and restated its $50 million shareholder’s loan agreement with its majority stockholder, Weichai America Corp., extending the loan maturity date to November 30, 2024. The loan is subordinated to the Company’s existing $130 million senior secured revolving credit facility with Standard Chartered Bank. Borrowings will incur interest at the applicable Secured Overnight Financing Rate (SOFR), plus 4.05% per annum.
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Power Solutions International, Inc. (PSI) announces the launch of the 30kw Lithium-ion Power Unit, designed to cater to the electrification efforts of strategic partners. The unit offers zero emissions and is a complete heavy-duty electric powertrain for equipment traditionally using engines ranging from 2.0-liters to 4.3-liters. Morbark, a leading manufacturer of tree care equipment, will showcase the unit at TCI Expo 2023, highlighting the collaboration between PSI and Morbark in providing alternative power solutions for the industry.
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Power Solutions International, Inc. (PSI) announces that Morbark will feature its 30kw lithium-ion power unit and chipper models at TCI Expo 2023, showcasing PSI's engines at the event hosted by the Tree Care Industry Association. The display will take place in St. Louis, Mo., featuring Morbark's BVR10 and BVR16 chipper models powered by PSI's engines.
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FAQ
What is the current stock price of POWER SOLUTIONS INTL (PSIX)?
The current stock price of POWER SOLUTIONS INTL (PSIX) is $32.68 as of December 24, 2024.
What is the market cap of POWER SOLUTIONS INTL (PSIX)?
The market cap of POWER SOLUTIONS INTL (PSIX) is approximately 710.7M.
What does Power Solutions International, Inc. specialize in?
PSI focuses on designing, engineering, and manufacturing emission-certified, alternatively fueled engines and power systems.
Which markets does PSI cater to with its integrated turn-key engine solutions?
PSI provides solutions to leading global OEMs in industrial, off-road, and on-road markets.
What fuels can the engines designed by PSI run on?
The engines can be customized to run on natural gas, propane, biogas, gasoline, or hybrid systems.
What are some of the applications of PSI's power systems?
PSI's power systems are used in stationary and mobile power generation, industrial equipment, forklifts, trucks, buses, and more.
What sets PSI apart from other companies in the industry?
PSI's unique capabilities in design, prototyping, engineering, and testing allow them to deliver innovative and efficient power solutions tailored to specific needs.
How does PSI contribute to sustainability?
By offering fuel-agnostic solutions and focusing on clean, high-performance engines, PSI is committed to environmental sustainability.
Where can I find more information about Power Solutions International, Inc.?
For more details about PSI and their products, you can visit their official website at www.psiengines.com.
What are the key factors that could affect PSI's results of operations?
Factors such as macro-economic environment, global events, natural disasters, strategic investments, supply chain disruptions, and changes in economic conditions could impact PSI's operations.
What cautionary note does PSI provide regarding forward-looking statements?
PSI warns that its forward-looking statements are subject to risks, uncertainties, and factors that could cause actual results to differ from the expressed expectations.
What is PSI's stance on updating forward-looking statements?
Unless required by law, PSI disclaims any intention or obligation to revise or update forward-looking statements, emphasizing the importance of transparency and compliance.
POWER SOLUTIONS INTL INC
OTC:PSIX
PSIX Rankings
PSIX Stock Data
710.69M
5.35M
76.62%
9.97%
14.46%
Specialty Industrial Machinery
Industrials
United States of America
Wood Dale