Earnings ·
Power Solutions International reported second quarter 2026 net sales of $152.5 million, a 21% decline from the prior…
PSIXPower Solutions International, Inc.
Power Solutions International reported second quarter 2026 net sales of $152.5 million, a 21% decline from the prior year period, driven by lower shipments in power systems and softer oil and gas demand. Net income fell 67% to $16.9 million, resulting in diluted earnings per share of $0.73 compared to $2.22 previously. Gross margin contracted to 27.1% from 28.2%, impacted by unfavorable product mix and elevated production costs at the Wisconsin facility during capacity ramp-up activities. Despite revenue softness, strong operating cash flow allowed the company to reduce total debt by approximately $30.8 million to $72.6 million. The company expects second-half sales to exceed first-half sales as larger Power Systems orders move into production, though it provided no formal full-year guidance due to order timing variability and continued oil and gas market softness.