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Last $58.68 USD
Change Today +0.89 / 1.54%
Volume 224.7K
PSIX On Other Exchanges
Symbol
Exchange
NASDAQ CM
Stuttgart
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

power solutions internationa (PSIX) Key Developments

Power Solutions International, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reiterates Sales Guidance for 2015; Announces Sales Guidance for 2016

Power Solutions International, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were $103.910 million against $61.500 million a year ago. Operating income was $9.111 million against $3.925 million a year ago. Income before income taxes was $13.630 million against loss before income taxes of $2.581 million a year ago. Net income was $10.321 million or $0.48 per diluted share against net loss of $3.752 million or $0.36 per diluted share a year ago. Adjusted diluted EPS was $0.48 against loss per share of $0.36 a year ago. For the year, net sales were $347.995 million against $237.842 million a year ago. Operating income was $26.044 million against $14.967 million a year ago. Income before income taxes was $34.539 million against loss before income taxes of $14.001 million a year ago. Net income was $23.726 million or $1.58 per diluted share against net loss of $18.760 million or $1.92 per diluted share a year ago. Net cash used in operating activities was $15.685 million against $12.435 million a year ago. Purchases of property, plant, equipment and other assets was $7.239 million against $6.007 million a year ago. The company reiterates its previously issued outlook for sales growth in 2015. The company continues to expect sales for the year in a range of $480 to $500 million. The company also confirms 2016 sales are expected to be in a range of $580 to $620 million.

Power Solutions International, Inc. Amends its Credit Agreement with Wells Fargo Bank, National Association

On February 11, 2015, Power Solutions International, Inc. amended its credit agreement with Wells Fargo Bank, National Association, as amended and restated which enables the company to borrow under a revolving line of credit which is secured by substantially all of the company's personal property. The Amended Credit Agreement amends the company's Credit Agreement with Wells Fargo Bank, National Association, as amended and restated on April 1, 2014 and further amended on September 30, 2014. The Amended Credit Agreement provides an increase from the maximum of $100.0 million to a maximum of $125.0 million revolving line of credit to the company. Except as stated herein, all other terms and conditions of the Amended Credit Agreement are otherwise provided in the Credit Agreement.

Power Solutions International, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Power Solutions International, Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 26, 2015

Power Solutions International, Inc., Q4 2014 Earnings Call, Feb 26, 2015

Power Solutions International, Inc., Q4 2014 Earnings Call, Feb 26, 2015

Power Solutions International, Inc. Presents at 17th Annual Needham Growth Conference, Jan-15-2015 03:30 PM

Power Solutions International, Inc. Presents at 17th Annual Needham Growth Conference, Jan-15-2015 03:30 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Daniel P. Gorey, Chief Financial Officer and Principal Accounting Officer.

 

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Price/Book 6.8x
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TEV/Sales 1.5x
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