Power Solutions International
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Power Solutions International (PSIX) investor relations material

Power Solutions International Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary2 Mar, 2026

Executive summary

  • Achieved record full-year sales of $722.4 million, up 52% year-over-year, and net income of $114.0 million, up 65% year-over-year.

  • Fourth quarter sales rose 33% to $191.2 million, but net income declined 31% to $16.1 million due to higher tax expense and margin pressures.

  • Strategic focus on high-growth sectors, especially data centers, drove sales mix shift.

Financial highlights

  • Full-year gross profit increased 32% to $184.9 million; gross margin declined to 25.6% from 29.5%.

  • Adjusted net income for the year was $114.8 million, up 78% year-over-year; adjusted EPS was $4.98.

  • Full-year adjusted EBITDA rose 41% to $116.3 million.

  • Fourth quarter gross margin fell to 21.9% from 29.9% year-over-year, impacted by production ramp-up inefficiencies.

  • Interest expense for Q4 decreased to $1.6 million from $2.4 million year-over-year.

Outlook and guidance

  • Management expects continued full-year sales growth and moderate margin improvement in 2026, led by data center products.

  • Some margin headwinds anticipated from oil and gas markets.

  • More specific guidance to be provided as execution progresses.

Q4 gross margin decline drivers and 2026 impact?
Full-year 2025 EPS excluding tax benefit?
MTL acquisition's specific benefits for data centers?
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Frequently asked questions

Power Solutions International Inc. (PSI) is an American company that designs, manufactures, and distributes a broad range of advanced, emission-certified engines and power systems. These engines are used in industrial, off-road, and on-road applications, including trucks, buses, power generators, and equipment for the agriculture and construction sectors. PSI's product portfolio includes natural gas, propane, and gasoline engines, focusing on energy efficiency and emissions compliance to meet regulatory standards. The company is headquartered in Wood Dale, Illinois, and its shares are listed on the OTC Markets.

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