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Stock impact report

Power Solutions International Announces Fourth Quarter and Full Year 2023 Financial Results

POWER SOLUTIONS INTL INC (PSIX) 
US:NASDAQ Investor Relations: investors.psiengines.com
Company Research Source: GlobeNewswire
Net Income $8.4 million, EPS $0.36 for the Quarter Full Year Net Income $26.3 million, an increase of 133%, EPS $1.15 Full Year Operating Cash Flows $70.5 million, an increase of $79.4 million Debt decreased $65.8 million year-to-date, $15.1 million for the Quarter WOOD DALE, Ill., March 14, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2023 financial results. Fourth Quarter 2023 Results Sales for the fourth quarter of 2023 were $104.8 million, a decrease of $32.3 million, or 24%, compared to the fourth quarter of 2022, as a result of lower sales of $29.5 million and $16.8 million within the industrial and transportation end markets, respectively, partially offset by an increase of $14.0 million in the power systems end market. Decreased industrial end market Show less Read more
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