Business
Power Solutions International Announces Strong First Quarter 2025 Financial Results
Quarter Sales of $135.4 million, up 42% from a year earlier, Quarter Gross Margin of 29.7%, up 2.7% from a year earlier, Quarter Net Income of $19.1 million,
About this update from Power Solutions International, Inc.
[{"type":"text","content":"Quarter Sales of $135.4 million, up 42% from a year earlier, Quarter Gross Margin of 29.7%, up 2.7% from a year earlier, Quarter Net Income of $19.1 million, up 168% from a year earlier, EPS $0.83 for the Quarter, Debt decreased $10.0 million. WOOD DALE, Ill, May 08, 2025 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (Nasdaq: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced its financial results for the first quarter 2025. Financial Highlights ($ in millions, except per share amounts)Quarter Ended March 31, 2025March 31, 2024ChangeNet sales$135.4$95.242%Gross Profit$40.3$25.856%Net Income$19.1$7.1168%Diluted Earnings per Share$0.83$0.31$0.52 First Quarter 2025 Results PSI reported a strong profit for the three months ended March 31, 2025, with net income of $19.1 million and diluted earnings per share of $0.83, compared to net income of $7.1 million and diluted earnings per share of $0.31 for the first quarter of 2024. Dino Xykis, Chief Executive Officer, commented, “We are extremely pleased with our first quarter results, which represent the best first quarter performance in the Company’s history. Achieving 42% year-over-year sales growth and a 168% increase in net income reflects the strength of our strategic focus and our team's relentless execution. This historic performance underscores the growing demand for our solutions particularly in power systems, combined with company wide operational enhancements and a continued commitment to financial discipline. In addition, we are actively assessing the evolving tariff environment and are committed to proactively mitigating any associated risks through strategic sourcing, pricing actions, and supply chain agility. Our goal is to ensure continuity and competitiveness regardless of external headwinds.” Sales for the first quarter of 2025 were $135.4 million, an increase of $40.2 million, or 42%, compared to the first quarter of 2024, primarily as a result of sales increases of $44.7 million and $0.8 million in the power systems and transportation end markets, respectively, offset by a decrease of $5.2 million within the industrial end market. This shift in markets reflects the conscious strategic prioritization toward higher growth markets such as data centers as well as oil and g...