Quarterly ResultMay 11, 2026, 04:16 PM
Power Solutions Q1 Net Income $7.3M, EPS $0.32; Sales Down 4.9%
AI Summary
Power Solutions International reported a significant decline in its first quarter 2026 financial results, with net income falling 61.7% to $7.3 million and diluted EPS decreasing to $0.32. Net sales also saw a 4.9% reduction to $128.6 million compared to the prior year. Despite the downturn in profitability and revenue, the company completed the acquisition of MTL Manufacturing & Equipment for $11.1 million, expanding its manufacturing capabilities. Additionally, net cash provided by operating activities more than doubled to $19.1 million.
Key Highlights
- Acquired MTL Manufacturing & Equipment for $11.1 million on January 9, 2026.
- Net income decreased 61.7% to $7.3 million for Q1 2026 from $19.1 million in Q1 2025.
- Diluted EPS decreased 61.4% to $0.32 for Q1 2026 from $0.83 in Q1 2025.
- Net sales decreased 4.9% to $128.6 million for Q1 2026 from $135.4 million in Q1 2025.
- Gross profit decreased 27.0% to $29.4 million for Q1 2026 from $40.3 million in Q1 2025.
- Net cash provided by operating activities increased 117.1% to $19.1 million.
- Power Systems revenue decreased 9.5% to $96.5 million in Q1 2026.
- Industrial revenue increased 13.0% to $26.6 million in Q1 2026.