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Power Solutions International Inc   (PSIX)
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Price: $2.1600 $0.04 1.887%
Day's High: $2.2 Week Perf: 3.85 %
Day's Low: $ 2.12 30 Day Perf: 3.85 %
Volume (M): 10 52 Wk High: $ 3.55
Volume (M$): $ 22 52 Wk Avg: $2.68
Open: $2.12 52 Wk Low: $1.70



 Market Capitalization (Millions $) 49
 Shares Outstanding (Millions) 23
 Employees 819
 Revenues (TTM) (Millions $) 459
 Net Income (TTM) (Millions $) 26
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 5

Power Solutions International Inc

We are a global producer and distributor of a broad range of high performance, certified low-emission, power systems that primarily run on non-diesel fuels such as natural gas, propane and gasoline, which are designed to meet emission standards of the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB). Our customers include large, multinational original equipment manufacturers (OEMs) of off-highway industrial equipment and on-road medium trucks and busses, and we are a sole source provider of alternative fuel power systems for many of these customers. Our industrial power systems are currently used by OEMs in a wide range of industries with a diversified set of applications, including, stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

Our power systems are highly engineered, comprehensive systems customized to meet specific industrial OEM application requirements and technical specifications, as well as requirements imposed by environmental regulatory bodies. Our power system configurations range from a basic engine block integrated with appropriate fuel system components to completely packaged power systems. We purchase engines from third party suppliers and produce internally-designed engines, both of which are then integrated into our power systems. A substantial portion of the components we integrate into our power systems consist of internally designed components and components for which we coordinate significant design efforts with third party suppliers; the remainder consist largely of parts that we source off the shelf from third party suppliers. We are able to provide our customers with a comprehensive, emission-certified or non-certified power system which can be incorporated, using a single part number, directly into a customer’s specified application.


Our alternative fuel power systems meet or exceed emission standards of the EPA and the CARB and represent a cleaner, and typically less expensive, alternative to diesel fuel power systems. While our power systems primarily run on alternative fuels, we also supply EPA and CARB emission-certified standard fuel power systems, and we are one of the largest suppliers of Perkins and Caterpillar diesel power systems under 275 horsepower. We expect that growth in domestic sales of our low-emission power systems will be driven by the substantial breadth of our emission-certified products, as well as increasing domestic and international demand for alternative fuel power systems given increasingly stringent engine emission regulations. We are also experiencing increasing demand for our power systems from international industrial OEMs that manufacture industrial equipment for the U.S. import market.

The off-highway industrial OEM market represents a diversified set of applications and industry categories that include both stationary and mobile industrial equipment including, but not limited to: power generation, oil and gas, material handling, aerial work platforms, sweepers, arbor, welding, airport ground support, agricultural, turf, construction and irrigation. While the power system requirements for the industrial OEM market bear similarities to the requirements for power systems used in automotive applications, there are substantial application differences between automotive and industrial equipment applications. Torque, start, stop, low speed and, with respect to certain applications, indoor use requirements, make direct use of an automotive power system impractical for use in most industrial equipment applications. Recognizing these differences, the EPA and CARB have issued distinct emission standards and regulations for industrial applications, as compared to those for automotive applications. As a result, there is not a direct crossover of available automotive power systems into the industrial OEM market. Power systems used in the industrial OEM market must satisfy these emission standards through a certification process with the EPA and CARB that includes durability testing of the engine emission system at zero and 5,000 hours, production line testing on a quarterly basis and field compliance audit testing. Given the level of engineering and financial resources that automotive engine manufacturers would need to dedicate to supply emission-certified product into the industrial OEM market, and given this market does not represent a core business for these manufacturers, automotive engine manufacturers do not typically compete in the industrial OEM market.


Industrial OEM power systems use internal combustion engines (both diesel and spark-ignited), as well as electric motors. Diesel engine systems, which use compression to initiate ignition to burn fuel, in contrast with spark-ignited engine systems which use a spark plug to initiate the combustion process, currently represent the dominant power systems, depending on the specific industrial application involved. For example, diesel powered equipment is generally used in outdoor industrial applications, while electric motors and alternative fuel, spark-ignited power systems are used for indoor industrial applications where carbon monoxide and air quality issues must be addressed. Both diesel power systems and electric motors have significant limitations. Diesel power systems present unique emission compliance challenges, while electric motors are often not feasible alternatives in industrial applications as a result of limitations on battery storage capacity. These challenges present opportunities to increase demand for spark-ignited power systems within the industrial OEM marketplace.

Concerns regarding climate change and other environmental considerations have led to the implementation of laws and regulations that restrict, cap or tax emissions in the automotive industry and throughout other industries. In particular, EPA Tier 4 emission standards, CARB regulations, and policies in Europe, generally referred to as Stage I, II, III and IV regulations, are requiring a significant reduction in the level of emissions and particulate matter produced by diesel power systems. OEMs have experienced pressure to redesign their products to address these emission regulations, as products that are unable to meet emission standards may not be sold in the marketplace. However, we believe few suppliers to industrial OEMs have been capable of providing, or are willing to make the investments of time, financial, and other resources necessary to provide products that meet these more stringent emission regulations.


More stringent EPA and CARB emission regulations associated with diesel power systems have taken effect and are increasing both the cost and product footprint (in other words, the size of the power system) of diesel power products. Internal combustion engines generally produce emissions of carbon monoxide, unburned hydrocarbons (organic compounds consisting entirely of hydrogen and carbon that can be emitted as a result of incomplete fuel combustion and fuel evaporation), and oxides of nitrogen (highly reactive gases formed when oxygen and nitrogen in the air react with each other during combustion), and diesel engines produce particularly high levels of these pollutants. In addition, diesel engines produce particulate matter, which is among the areas of focus of these emission regulations.

By leveraging the deep industry experience of our engineering and new product development teams, we are working to broaden the range of our power system product offerings, including engine classes and the industrial OEM market categories into which we supply our products. We capitalize on our technologically sophisticated, in-house design, prototyping, testing and application engineering capabilities to further refine our superior spark-ignited power system technology. We plan to apply our experience and expertise in developing comprehensive, integrated green power systems to expand our spark-ignited alternative fuel offerings.



   Company Address: 201 Mittel Drive Wood Dale 60191 IL
   Company Phone Number: 350-9400   Stock Exchange / Ticker: PSIX
   PSIX is expected to report next financial results on April 13, 2024.


   

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Power Solutions International Inc

Power Solutions International Inc Faces Revenue Deterioration in Fourth Quarter of 2023

Power Solutions International Inc (PSI), a leading manufacturer and distributor of alternative fuel power systems, has recently announced the appointment of Randall D. Lehner as its General Counsel. This decision by PSI's Board of Directors highlights the company's commitment to strengthening its legal team and ensuring compliance with regulations.
Lehner's appointment is expected to have a significant impact on the future results of Power Solutions International Inc. With his wealth of legal expertise and experience, he is poised to provide crucial guidance and support to the company. As General Counsel, Lehner will be responsible for ensuring compliance with regulations and safeguarding the company's interests.

Product Service News

Power Solutions International Bolsters Legal Team with Appointment of Randall Lehner as General Counsel

Published Fri, Mar 1 2024 9:19 PM UTC

Power Solutions International Appoints Randall Lehner as General CounselWOOD DALE, Ill., March 01, 2024 - Power Solutions International, Inc. (PSI), a leading manufacturer and distributor of alternative fuel power systems, has recently announced the appointment of Randall D. Lehner as its General Counsel. This decision was made by the Company's Board of Directors on February...

Financing Agreement

Power Solutions International Secures Extension of $50 Million Shareholder Loan Agreement With Weichai America, Boosting Growth Prospects and Financial Stability

Published Tue, Dec 5 2023 11:27 PM UTC

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 operation...

Power Solutions International Inc

Power Solutions International Inc Faces Decline in Revenue During Third Quarter of 2023 Earnings Season

Power Solutions International Inc (PSIX) has displayed impressive financial performance in the July to September 30, 2023 period. The company's net profit per share more than doubled by 142.86% to $0.34 per share compared to $0.14 in the previous year. Additionally, their income grew by 21.43% from $0.28 per share in the previous reporting period.
However, PSIX experienced a decline in revenue, with a decrease of -8.002% to $114.91 million compared to $124.90 million in the same reporting period a year ago. Sequentially, the revenue decreased by -5.001% from $120.95 million. This decline in revenue contrasted with the 4.40% improvement seen in the remainder of the Auto & Truck Parts industry during the same quarter.
Despite the decline in revenue, PSIX reported a significant increase in bottom-line earnings. Net earnings for the July to September 30, 2023 span amounted to $7.795 million, representing a growth of 144.2% compared to $3.192 million in the same period a year ago. This growth indicates the company's ability to improve profitability.

Power Solutions International Inc

EPS Skyrockets by 366.67% at Power Solutions International Inc in the Auto & Truck Parts Sector During Latest Fiscal Period

Power Solutions International Inc (PSIX) has recently reported its second-quarter earnings for the period between April to June 2023, and while the company delivered impressive income growth, its revenue growth is concerning. Income per share soared by a staggering 366.67% at $0.28 per share, while revenue only increased slightly by 0.394% to $120.95 million compared to the same period a year prior.
The underwhelming revenue growth raises doubts about the company's performance compared to its competitors in the Auto & Truck Parts sector. When analyzing the sector as a whole, it becomes evident that Power Solutions International Inc has fallen behind its contemporaries, who boasted a revenue growth of 10.84% during the same period.






 

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Power Solutions International Inc does not provide earnings estimates.

 
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