Core Insights - Power Solutions International, Inc. (PSI) reported record financial results for the second quarter of 2025, with net sales of $191.9 million, a 74% increase from the previous year, and net income of $51.2 million, up 138% year-over-year [2][4][5] Financial Performance - Net Sales: $191.9 million for Q2 2025, compared to $110.6 million for Q2 2024, reflecting a 74% increase [3][4] - Gross Profit: Increased to $54.1 million, a 54% rise from $35.2 million in Q2 2024 [3][9] - Net Income: $51.2 million for Q2 2025, up from $21.5 million in Q2 2024, marking a 138% increase [4][12] - Diluted Earnings Per Share (EPS): $2.22 for Q2 2025, compared to $0.94 for Q2 2024, a 136% increase [4][12] Operational Highlights - Adjusted Net Income: $51.8 million for Q2 2025, a 213% increase from $16.6 million in Q2 2024 [4] - Gross Margin: 28.2% in Q2 2025, down from 31.8% in Q2 2024, impacted by strong sales growth in lower-margin products [9] - Selling, General and Administrative Expenses: Increased by 269% to $16.7 million, reflecting higher costs associated with employee incentive programs and business growth [10] Debt and Cash Flow - Debt Reduction: The company reduced its debt by $15.0 million during the quarter [1] - Cash Provided by Operations: $25.5 million for the first six months of 2025 [7] Market Focus - Strategic Focus: The company is prioritizing growth in the power systems market, particularly in data centers, while industrial and transportation markets are expected to remain flat [15][8] Tax Benefits - Tax Benefit: The company recognized a tax benefit of $20.1 million in Q2 2025, primarily due to the release of a valuation allowance on deferred tax assets [12][14] Balance Sheet - Cash and Cash Equivalents: Approximately $49.5 million as of June 30, 2025, down from $55.3 million at the end of 2024 [13] - Total Debt: Approximately $96.8 million as of June 30, 2025, reduced from $120.2 million at the end of 2024 [13]

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 ...