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PSIX-News
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Power Solutions Appoints Richard Hu as CEO
Power Solutions (PSIX) announced the appointment of Richard Hu as CEO, effective August 17. Hu will report directly to the board of directors. Hu succeeds Xun Li, who has served as interim CEO since May and will continue to serve as the company's CFO. Prior to joining the company, Hu spent six years at BorgWarner (BWA) from 2020 to 2026, most recently serving as VP and general manager of the Americas region for the Turbo & Thermal Technology business unit.
Company Reports Q1 Revenue of $128.59M, Below Expectations
Reports Q1 revenue $128.59M, consensus $160.8M. Dino Xykis, Chief Executive Officer, said: "Our first quarter results were below the strong prior-year period, which had benefited from significant growth in our Power Systems business. The year-over-year declines in sales and profitability primarily reflected softer oil and gas demand, the timing of certain Power Systems shipments, and elevated production costs associated with the capacity ramp-up in our Wisconsin operations. At the same time, demand related to data center applications remains solid. Gross margin improved sequentially from the fourth quarter of 2025, partially offset by unfavorable product mix."
Company Does Not Provide Full-Year Guidance for 2026
Given ongoing variability in order timing and market conditions, the company is not providing formal full-year guidance at this time. Based on current visibility, the company currently expects second-quarter 2026 revenue to be generally consistent with the first quarter on a sequential basis. The company anticipates stronger sales growth in the second half of 2026, approximately in line with sales in the second half of 2025, as larger Power Systems orders move into production and are recognized as revenue. However, the timing and ultimate volume of those shipments remain subject to customer scheduling, manufacturing throughput, supply chain factors and other variables. There can be no assurance that those orders will translate to a uniformly stronger second half. Continued softness in the oil and gas end market is expected to weigh on quarterly revenue trends, and capacity ramp-up activities at the company's Wisconsin operations and their related cost effects on gross margin are expected to continue.
Middle East Turmoil Causes WTI Crude Oil to Surge Nearly 10%
Volatility surged on Monday following U.S.-Israeli strikes on Tehran this weekend, resulting in the death of Iran's leader Khamenei while blowing a gaping hole into an already teetering Middle East power balance. Energy was by far the strongest sector in the S&P 500 as WTI Crude Oil prices spiked by nearly 10% well above $70 per barrel, though the Treasury market was also hardly a beneficiary of safe-haven flows as investors recalibrated the inflationary impact of costlier gas prices into more complicated assumptions for Fed easing. Industrials also outperformed as Defense names rallied, though Consumer stocks - particularly airlines and cruise lines - buckled under the weight of lower discretionary spending implications of a higher price tag at the pump. The Vix briefly topped the 25-hangle - the highest level since November.Stocks bounced from the gap lower Monday morning, though the evening session is seeing uneasiness persist as investors mull the implications and assess the likely duration and the potential range of macroeconomic outcomes as the conflict unfolds. S&P e-minis and Nasdaq 100 futures are off by more than 0.2%. In commodities, Gold - already the beneficiaries of geopolitical turbulence - also remains bid above $5,370 per ounce, while Crude Oil remains north of $71 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Ousterup 19.4%LendingTreeup 12.6%Ingram Microup 9.8%Plug Powerup 8.8%Dave Inc.up 8.4%Asanaup 5.8%Amerescoup 3.4%Core Scientificup 3.1%ALSO HIGHER -CoStar Groupup 3.0% after insider BuyDOWN AFTER EARNINGS -MongoDBdown 23.7%Surgery Partnersdown 22.7%Harrowdown 13.2%Credo Technologydown 7.4%Nuvation Biodown 6.7%Power Solutionsdown 5.8%Limbach Holdingsdown 5.3%Archer Aviationdown 4.7%Quantum Computingdown 2.8%Senseonics Holdingsdown 2.2%ALSO LOWER -H2O Americadown 2.8% after equity offering
Company Reports Q4 Revenue of $191.22M, Up 32.5% Year-over-Year
Reports Q4 revenue $191.22M vs. $144.3M last year. Dino Xykis, Chief Executive Officer, said, "In 2025, the Company delivered record sales and profitability, with annual sales increasing 52% and annual net income rising 65%. This performance reflects continued demand for our power systems solutions, including demand within the data center market. During the quarter, operating efficiency was impacted by the ramp up of new manufacturing capacity and increased volumes across certain product lines. Management has identified the key drivers and is executing specific actions to improve supply chain performance and manufacturing cost structures. We are beginning to see measurable improvements, which we expect to build and support margin expansion over time."
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