Company Announcement - Power Solutions International, Inc. appointed Zhaoying (Dorothy) Du as General Counsel and Corporate Secretary, effective September 8, 2025 [1] Ms. Du's Experience - Ms. Du has 20 years of experience providing strategic legal counsel to U.S. and multinational companies, focusing on complex commercial and regulatory matters [2] - From March 2025 to September 2025, she led Lenovo's global supply chain legal team, advising on procurement, trade compliance, regulatory risks, and contract negotiations [3] - Prior roles include Director and Global Head of Legal at Motorola Mobility, General Counsel of China operations at The Warranty Group, and Co-Chair of the APAC Practice Group at Freeborn & Peters [3] Educational Background - Ms. Du holds a JD from the University of Missouri-Kansas City School of Law, an MA from the University of Georgia, and a Bachelor of Law from Sun Yat-Sen University Law School [4] Company Overview - Power Solutions International, Inc. is a leader in designing, engineering, and manufacturing advanced, emission-certified engines and power systems [5] - The company provides integrated turnkey solutions to global original equipment manufacturers and end-user customers in energy, industrial, and transportation markets [5] - PSI develops complete power systems for various applications, including stationary and mobile power generation, industrial applications, and powertrains for medium-duty trucks and buses [6]

Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers and end-user customers within the power systems, industrial and transportation end markets. The Company's unique in-house design, prototyping, engineering and testing capabilities allow PSI to customize clean, high-performance engines using a fue ...

Core Insights - Power Solutions International, Inc. (PSI) announced a significant financial milestone by amending its Uncommitted Revolving Credit Agreement, increasing its borrowing capacity to $135.0 million, which enhances its financial flexibility and supports growth and innovation [1][2] - The amended agreement extends through July 30, 2027, solidifying PSI's financial foundation for the next two years [1] - The company has achieved profitability and positive cash flows from operations, allowing it to release a valuation allowance against deferred tax assets, resulting in an increase of $29.2 million in net income and stockholders' equity as of June 30, 2025 [2] Financial Details - The amended credit agreement is subject to customary events of default and covenants, including minimum adjusted EBITDA, minimum interest coverage ratio, and maximum gross leverage ratio [2] - Borrowings will incur interest at the Secured Overnight Financing Rate (SOFR) plus 2.10% per annum, which increases to SOFR plus 2.60% if the majority shareholder, Weichai America Corp., holds less than 50% of the common equity [2] - The obligations under the amended credit agreement are guaranteed by certain wholly-owned subsidiaries and secured by substantially all assets of the company [3] Company Overview - PSI is a leader in designing, engineering, and manufacturing advanced, emission-certified engines and power systems, providing integrated solutions to global original equipment manufacturers and end-users [5] - The company offers complete power systems for various applications, including stationary and mobile power generation, and serves multiple end markets such as industrial and transportation [6]

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]

Core Insights - Power Solutions International, Inc. (PSI) reported strong financial results for Q1 2025, with net sales of $135.4 million, a 42% increase from $95.2 million in Q1 2024 [3][4][6] - The company achieved a gross margin of 29.7%, up 2.7% from the previous year, and net income of $19.1 million, reflecting a 168% increase from $7.1 million in the same quarter last year [3][4][7] - The CEO highlighted the results as the best first quarter performance in the company's history, driven by strategic focus and operational enhancements [5] Financial Performance - Net sales for Q1 2025 were $135.4 million, up $40.2 million or 42% from Q1 2024, primarily due to increases in power systems and transportation markets [6][9] - Gross profit increased by $14.5 million, or 56%, with a gross margin of 29.7%, up from 27.0% in the prior year [7][18] - Selling, general and administrative expenses rose by $1.6 million, or 17%, due to higher legal and administrative costs [8] Debt and Cash Position - Total debt decreased by $10 million to approximately $111 million as of March 31, 2025, compared to $120.2 million at the end of 2024 [10] - The company made a $10 million payment toward its Shareholder's Loan Agreement in Q1 2025, with an additional $5 million payment made in May 2025 [10] Market Strategy and Outlook - PSI is focusing on higher growth markets, particularly in power systems and data centers, while anticipating flat sales in industrial and transportation markets [6][11] - The company is actively assessing the evolving tariff environment and implementing strategies to mitigate associated risks [6] Non-GAAP Financial Measures - Adjusted net income for Q1 2025 was $19.2 million, compared to $7.0 million in Q1 2024, indicating a 173% increase [28] - EBITDA for Q1 2025 was reported at $25.9 million, up from $12.0 million in the same period last year [28]