Power Solutions International, Inc. announced its first quarter 2025 financial results, reporting net sales of $135.4 million, a 42% increase from the prior year. Net income surged by 168% to $19.1 million, with diluted earnings per share of $0.83, marking the best first quarter performance in the company's history.
Gross margin expanded by 2.7 percentage points to 29.7%, driven by an improved product mix and pricing actions, particularly from the power systems end market which saw sales increase by $44.7 million. The company's strategic focus on data centers and oil and gas products continues to drive this growth.
Despite strong operational results, management concluded that substantial doubt exists about the company's ability to continue as a going concern within one year, due to $111.0 million in debt obligations maturing in August 2025. The company is actively seeking long-term debt financing, but there is no assurance of success.
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