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Power Solutions International Inc (NASDAQ: PSIX) |
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Power Solutions International Inc Net Income per Employee
PSIX's Quarterly Results, Trends, Rankings, Statistics
With an income increase of 178.22% in the forth quarter 2024, year on year to cumulative value of $69 million, and with 700 employees, Power Solutions International Inc 's income per employee grew on trailing twelve month basis to $ 98,970, this marks a new company high for all of 700 employees. The Consumer Discretionary sector has seen employees of 3 other companies achieving higher income per employee. While income per employee total ranking has improved so far to 851, from total ranking in previous quarter at 957.
What is Income per Employee Ratio?
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| PSIX Net Income per Employee |
(Dec 31 2024)
IV. Quarter |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
| Y / Y Net Income Change |
178.22 % |
122.41 % |
235.67 % |
91.06 % |
-10.18 % |
| Net Income per Employee (TTM) $ |
98,970 |
77,660 |
64,029 |
42,424 |
37,580 |
| PSIX's Total
Ranking |
# 851 |
# 957 |
# 1069 |
# 1344 |
# 1517 |
| Seq. Net Income Change |
34.32 % |
-19.51 % |
202.74 % |
-14.99 % |
7.38 % |
| Net Income per Employee Statistics |
| High |
Average |
Low |
| $ 98,970 |
$ -15,340 |
$ -182,476 |
| (Dec 31 2024) |
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(Mar 31 2019) |
News about Power Solutions International Inc |
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nnPower Solutions International: Credit Confidence Fuels Growth Amid Competitive Pressuresnn
In a notable move for Power Solutions International, Inc. (PSI), the company recently secured a new uncommitted senior secured revolving credit agreement with Standard Chartered Bank and other lenders, allowing for borrowing of up to $120 million at an improved interest rate. This agreement, which expires on August 30, 2025, positions PSI to enhance its operational flexibility and invest in growth initiatives during a time of robust revenue performance.
In the second quarter of 2024, PSI reported an impressive year-on-year income increase of 235.67%, yielding a cumulative value of $45 million. This surge underscores the company?s capacity to capitalize on market opportunities and optimize its business strategies. Furthermore, with its workforce of 819 employees, the companyns income per employee has reached a remarkable $54,725 over the trailing twelve months, marking a new high for the organization. Such metrics not only reflect operational efficiency but also suggest favorable internal productivity and motivation, as employees are reaping the benefits of the company?s success.
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Power Solutions International Extends Shareholder Loan Agreement with Weichai America, Demonstrating Strong Financial Performance and Positive Growth Trajectory
WOOD DALE, Ill., May 21, 2024 - Power Solutions International, Inc. (PSI), a leading provider of alternative fuel power solutions for the Auto and Truck Parts industry, announced today the extension of its $25 million shareholders loan agreement with majority stockholder Weichai America Corp. The amendment and restatement of the loan agreement marks a significant development for the company, highlighting its continued financial success and strategic partnership with Weichai America.
The $25 million loan, also known as the Third Amended and Restated Shareholders Loan Agreement, has been fully drawn as of the date of this press release. It serves as a testament to PSI s robust performance and growth potential, as it aims to solidify its market position and expand its product offerings.
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Power Solutions International Announces Extension to Credit Agreement
WOOD DALE, Ill., March 28, 2024 - Power Solutions International, Inc. (PSI) has recently made amendments to its financial arrangements, extending its uncommitted senior secured revolving credit agreement. The Fourth Amended and Restated Credit Agreement, a $130 million deal, permits changes to the maturity date of loans previously issued under its credit facility. Standard Chartered Bank play a significant role as the administrative agent, alongside lenders involved throughout the process.
The revised agreement stipulates that the maturity date for outstanding loans shall now be the earlier of March 21, 2025, or on demand from Standard Chartered. This extension provides PSI with greater flexibility and a longer time frame to manage its financial obligations effectively.
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Power Solutions International Announces Extension to $50 Million Shareholder Loan Agreement With Weichai America
WOOD DALE, Ill., Dec. 05, 2023 - Power Solutions International, Inc. (PSI), a renowned leader in the design, engineering, and manufacturing of emission-certified engines and power systems, recently announced a significant development in its financial operations. The company has amended and restated its $50 million shareholders loan agreement with its primary stockholder, Weichai America Corp., dated as of November 29, 2023. This amendment extends the loan maturity date to November 30, 2024.
The $50 million loan under the Third Shareholders Loan Agreement has already been completely utilized as of the publication of this report. It is crucial to note that this loan arrangement is subordinated in all respects to PSI s existing $130 million senior secured revolving credit facility with Standard Chartered Bank. As of December 5, 2023, $65 million has already been fully borrowed from this facility.
The extension of the $50 million shareholder loan agreement is expected to provide Power Solutions International with enhanced financial stability and flexibility in executing its strategic initiatives for the future. This move showcases the confidence of Weichai America Corp., as PSI s majority stockholder, in the company s growth prospects and its ability to generate substantial returns on investment.
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| Companies with similar Income per Employee for 12 month ending Dec 31 2024, within Consumer Discretionary Sector | Income per Employee | Income 12 month ending Dec 31 2024 | Number of Employees Dec 31 2024 | | Crocs inc | 135,145.23 | $ 950.071 Million | 7,030 | | Yeti Holdings inc | 131,111.19 | $ 175.689 Million | 1,340 | | Dorman Products Inc | 118,752.50 | $ 190.004 Million | 1,600 | | Acushnet Holdings Corp | 106,232.63 | $ 201.842 Million | 1,900 | | The Toro Company | 101,700.00 | $ 406.800 Million | 4,000 | | Power Solutions International Inc | 98,970.00 | $ 69.279 Million | 700 | | Li Auto Inc | 91,849.58 | $ 1,102.195 Million | 12,000 | | Skechers Usa Inc | 79,305.76 | $ 729.613 Million | 9,200 | | Ituran Location And Control Ltd | 75,396.00 | $ 56.547 Million | 750 | | Wesco International Inc | 71,940.00 | $ 719.400 Million | 10,000 | | Hasbro Inc | 71,683.02 | $ 394.400 Million | 5,502 | | Harley davidson Inc | 69,558.59 | $ 445.175 Million | 6,400 | | Gentex Corporation | 64,769.85 | $ 404.488 Million | 6,245 | | Weyco Group Inc | 63,298.54 | $ 30.320 Million | 479 | | Nike Inc | 61,536.52 | $ 4,886.000 Million | 79,400 | | Taitron Components Inc | 60,133.33 | $ 0.902 Million | 15 | | Williams sonoma Inc | 57,410.77 | $ 1,125.251 Million | 19,600 | | G Iii Apparel Group Ltd | 55,226.57 | $ 193.293 Million | 3,500 | | Cummins Inc | 53,880.79 | $ 4,068.000 Million | 75,500 | | General Electric Company | 52,528.00 | $ 6,566.000 Million | 125,000 | | Tesla Inc | 50,920.82 | $ 7,153.000 Million | 140,473 |
Date modified: 2025-03-27T02:04:44+00:00
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