Last $71.27 USD
Change Today +0.27 / 0.38%
Volume 185.7K
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Stuttgart
As of 8:10 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

power solutions internationa (PSIX) Key Developments

Power Solutions International, Inc. Provides Revenue Guidance for the Year 2015 and 2016

Power Solutions International, Inc. provided revenue guidance for the year 2015 and 2016. For the year 2015, the company expects to generate revenues of $480 million to $500 million, and for 2016, expects sales to range from $580 million to $620 million.

Power Solutions International, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Revenue Guidance for Full Year 2014

Power Solutions International, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were $93,972,000, an increase of 45% from $64,628,000 in the third quarter of 2013. Contributing to the sales increase was continued growth in the company's heavy-duty power generation systems and aftermarket parts sales. Also contributing to net sales in the period were sales of approximately $6.3 million from Professional Power Products, Inc. which was acquired on April 1, 2014. Operating income was $7,519,000, an increase of 82% from $4,122,000 in the third quarter of 2013. Net income, which includes the warrant revaluation adjustment and contingent consideration liability revaluation, was $8,431,000, or $0.68 per diluted common share. This compares to a net loss of $9,981,000 or $0.97 per diluted common share for the third quarter of 2013, which also includes a warrant revaluation adjustment. Net income for the third quarter of 2014, adjusted to remove the warrant revaluation impact and contingent consideration liability revaluation was $4,365,000, or $0.39 per diluted common share. This compares to adjusted net income for the third quarter of 2013 of $2,624,000 or $0.24 per diluted common share, which has been adjusted to remove the warrant revaluation impact. Income before income taxes was $11,144,000 against loss before income taxes of $8,599,000 a year ago. For the nine months, the company reported net sales were $244,085,000 against $176,342,000 a year ago. Operating income was $16,933,000 against $11,042,000 a year ago. Income before income taxes was $20,909,000 against loss before income taxes of $11,420,000 a year ago. Net income was $14,917,000 or $1.23 per diluted share against net loss of $15,008,000 or $1.57 per basic and diluted share a year ago. Net cash used in operating activities was $13,450,000 against $6,017,000 a year ago. Purchases of property, plant, equipment and other assets were $4,749,000 against $4,322,000 a year ago. The company reaffirmed revenue guidance for full year 2014. The company expects revenue to be in the range of $330 million to $360 million.

Power Solutions International, Inc. to Report Q3, 2014 Results on Nov 06, 2014

Power Solutions International, Inc. announced that they will report Q3, 2014 results at 4:30 PM, US Eastern Standard Time on Nov 06, 2014

Power Solutions International, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Power Solutions International, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Power Solutions International, Inc. Presents at GHS 1x1 Series - NYC Industrials Conference, Sep-18-2014

Power Solutions International, Inc. Presents at GHS 1x1 Series - NYC Industrials Conference, Sep-18-2014 . Venue: Millennium Broadway Hotel, New York, New York, United States. Speakers: Daniel P. Gorey, Chief Financial Officer and Principal Accounting Officer.

 

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Price/Book 9.3x
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