PSIX Q4

Investment Analysis Clubs Saul’s Investing Discussions
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PSIX Q4 earnings are out:

Read more: http://www.nasdaq.com/press-release/power-solutions-internat…

Quick highlights from the link above:

Net sales for the fourth quarter of 2013 were $61,500,000, an increase of 17% from $52,452,000 in the fourth quarter of 2012. Contributing to the sales increase was continued strong growth in the Company’s heavy-duty power generation systems and in aftermarket sales.

Operating income was $3,925,000, an increase of 30% from $3,014,000 in the fourth quarter of 2012.

Net income for the fourth quarter of 2013, adjusted to remove the warrant revaluation impact was $2,621,000, or $0.24 per diluted common share. This compares to adjusted net income for the fourth quarter of 2012 of $1,973,000 or $0.21 per diluted common share, which is also adjusted to remove the warrant revaluation impact.

I believe FY 2013 estimates were $0.89 for EPS and 235M for revenue. They hit 237.8M for revenue and $0.92 for EPS. They are guiding FY2014 revenue in the $310M - $330M range. Taking the mid-point, it looks like a solid 34% revenue growth. Analysts had FY 14 EPS estimates at $1.35. That represents a 47% YoY EPS growth, and may be is doable given their expected revenue growth.

Anirban

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PSIX Q4 earnings are out:

Thanks Anirban for the nice summary.

Saul

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The market likes the report on PSIX as it’s up 4.8% right now.

MTZ also reported and is up 7.7%

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The market likes the report on PSIX as it’s up 4.8% right now.

Saul,

I beg you to please not make another post comparing the share prices of PSIX and WPRT - at least not until PSIZ does a 5 for 1 split! :slight_smile:

Jason
Long WPRT (what little of it I have left)
No position in PSIX
And who is convinced that this is WPRT’s year
But who is also a Cubs fan

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Some great quotes from the PSIX conference call:

  1. Most of our competitors are offering retrofit kits or fuel system kits that then require the OEM to integrate into a power system. In contrast, we offer complete turnkey solution. OEM simply drop in our engine, attach a few wires and hoses and it works. And the emission certification is taken care of.

  2. To be conservative, our outlook includes no contribution from our on-road or China JV. But obviously, we are working hard in these initiatives and expect them to contribute in the years ahead.

  3. …could get us to our goal of having on-road contribute up to $500 million of revenue annually. (This is incredible, considering that their TOTAL revenue this year was $238 million, without ANY onroad contribution).

  4. (On oil field engines) We’ve been very fortunate that a lot of the end users have been requesting our product. So, a lot of the packagers are now getting driven to relationships with us.

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