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.

Power Solutions International, Inc. appointed Nan (Richard) Hu as Chief Executive Officer, effective August 17, 2026, succeeding Xun (Kenneth) Li, who will remain as Chief Financial Officer. Mr. Hu's employment agreement includes a $658,000 base salary, a 70% target annual KPI bonus, and a one-time $540,500 cash sign-on bonus. The company's 2026 Annual Meeting of Stockholders approved all submitted proposals, including director elections and auditor ratification. Power Solutions International, Inc. designs, engineers, and manufactures advanced, emission-certified engines and power systems for industrial and transportation end markets.