Power Solutions International Appoints Richard Hu as Chief Executive Officer

Power Solutions International (Nasdaq: PSIX) reported Q2 2026 net sales of $152.5 million, down 21% from $191.9 million a year earlier. Net income fell to $16.9 million, or diluted EPS of $0.73, from $51.2 million and $2.22. Gross margin was 27.1%. The company reduced total debt by about $30.8 million to $72.6 million and expects 2H sales to exceed 1H.

POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 psiearningsrelease-june302.htm EX-99.1 Document Exhibit 99.1 Power Solutions International Announces Second Quarter 2026 Financial Results Second Quarter Net Sales of $152.5 million Second Quarter Net Income of $16.9 million Diluted EPS of $0.73 for the Quarter Total De

Jim Cramer discussed Power Solutions International (PSIX) after its quarterly report. The stock fell nearly 29% in a single session following the results, despite a top- and bottom-line beat, as gross profit and EBITDA declined year over year and margins weakened in the quarter. Cramer noted no regular conference call and no formal 2025 guidance; he cited 2025 EPS of $5.61 and about 10x earnings.

Power Solutions International (NASDAQ:PSIX) shares rose 10.5% Tuesday to $42.94, after trading as high as $43.28; the prior close was $38.87. Volume was 237,555 shares, down 66% vs. average. Analysts cited mixed views: consensus target $99.95, with ratings averaging “Hold.” Institutional ownership is 22.28%.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.