Power Solutions (PSIX) Tops Q2 EPS by 36c ; Provides Outlook

Power Solutions (OTC: PSIX) reported Q2 EPS of $0.72, $0.36 better than the analyst estimate of $0.36. Revenue for the quarter came in at $110.59 million versus the consensus estimate of $114.1 million.

Outlook for 2024

The Company expects its sales in 2024 to increase by approximately 3% versus 2023 levels, a result of expectations for strong growth in the power systems end market paired with flat sales in the industrial end market and a forecasted reduction in the transportation end markets.

For earnings history and earnings-related data on Power Solutions (PSIX) click here.

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