Power Solutions International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 15, 2024 at 02:24 am IST
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Power Solutions International, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 458.97 million compared to USD 481.33 million a year ago. Net income was USD 26.31 million compared to USD 11.27 million a year ago.
Basic earnings per share from continuing operations was USD 1.15 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 0.49 a year ago.
Power Solutions International, Inc. designs, engineers, manufactures, markets and sells a broad range of advanced, emission-certified engines and power systems that are powered by a wide variety of clean, alternative fuels, including natural gas, propane, and biofuels, as well as gasoline and diesel options, within the power systems, industrial and transportation end markets. The Companyâs products are primarily used by global original equipment manufacturers (OEMs) and end user customers. The Companyâs products include power systems, electric power generation (gensets), large custom genset enclosures, mobile and stationary gensets for: emergency standby, rental, prime power, demand response, microgrid, oil and gas, data center, renewable energy resiliency (wind, solar, storage), combined heat and power (CHP), industrial material handling, agricultural/arbor care, irrigation/pumps, construction, compressors, wood chippers, stump grinders, and sweepers/industrial scrubbers.