Power Solutions International, Inc
Power Solutions International, Inc. designs, engineers, manufactures, markets, and sells advanced engines and integrated power systems for industrial and transportation applications. Its products are built around a mix of alternative and conventional fuels and are used by OEMs and end users in equipment such as power generation systems, material handling equipment, agricultural machinery, construction equipment, and vocational vehicles.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaIntegrated engine-based power systems for standby, prime power, and distributed energy uses.
Engines and engine packages used in industrial equipment and off-road applications.
Powertrains and engines for vocational trucks, buses, and utility vehicles.
Value-added components, service support, warranty-related and replacement sales.
Tuotteet
Raportoitu · osuus liikevaihdosta- Energy End Market81,2 %
- Industrial End Market15,9 %
- Transportation End Market2,9 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
The company sells primarily to global OEMs and direct end users that need engines and power systems tailored to specific applications and emissions requirements. Its products are used across power generation, industrial equipment, and transportation end markets, where customers value engineering support, certification, and application fit.
Buy engines and integrated power systems to embed in their equipment and rely on PSI for engineering support and certification.
Purchase power systems for specific operating applications where emissions compliance and performance matter.
Includes standby, prime power, microgrid, demand response, and combined heat and power users.
Buy engines for forklifts, pumps, irrigation, compressors, arbor care, and construction equipment.
Use engines in light- and medium-duty vocational trucks, school buses, transit buses, and utility vehicles.
Strategia
The company is focused on expanding higher-growth power systems applications, especially where demand is tied to data centers, oil and gas, and other specialized power needs. It also emphasizes new product development, manufacturing capacity expansion, and international distribution partnerships to broaden its addressable market and strengthen its competitive position.
Capacity is needed to serve growing demand in data center and related markets.
Focusing on stronger-demand applications can improve mix and competitive positioning.
Distribution partnerships extend the product line into new regions without building a full direct footprint.
Installed-base monetization can deepen customer relationships and improve recurring revenue opportunities.
Maantiede
Q1/2026Power Solutions International is headquartered and primarily operates from the United States, with manufacturing, assembly, engineering, R&D, sales, and distribution facilities in suburban Chicago, Illinois and in Darien and Beloit, Wisconsin. The company also sells internationally and sources a significant portion of materials from outside the U.S., which makes its business sensitive to trade policy, logistics, and currency movements.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
The business is exposed to tariff changes, cross-border supply-chain disruption, and geopolitical volatility because it sources materials globally and sells into multiple regions. It also faces customer concentration, cyclical demand in oil and gas and industrial markets, and execution risk if it cannot scale capacity or adopt new technologies as quickly as competitors.
- Tariffs and trade policy changesVaikutus: KorkeaTodennäköisyys: Korkea
The company sources internationally, including from China, and may not fully pass higher costs to customers.
Kohdistuu: Global supply chain and export sales
- Supply-chain disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen
A majority of supplier facilities are outside the U.S., increasing exposure to delays and interruptions.
Kohdistuu: International sourcing
- Customer concentrationVaikutus: Korkea
The largest customer represented 20% of consolidated net sales in 2025, so demand loss would be meaningful.
Kohdistuu: OEM and end-user sales
- Technology and competitive adoptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Competitors or suppliers adopting AI and other manufacturing technologies faster could weaken PSI's position.
Kohdistuu: Manufacturing and engineering processes
- Cyclical end-market demandVaikutus: Keskitaso
Oil and gas, industrial, and transportation demand can weaken with macro conditions and rig count changes.
Kohdistuu: Power systems and industrial markets
Kirjanpito
Harkinnanvaraiset erätMost sales are recognized on shipment, but some contracts are recognized over time, affecting quarterly revenue timing.
Vaikutus: Can shift reported revenue between periods
Management tests goodwill and indefinite-lived intangibles for impairment using judgmental assumptions.
Vaikutus: Could create non-cash charges if fair value declines
Power systems and engines carry warranty obligations that require estimation of future claims.
Vaikutus: Affects gross margin and liabilities
Receivables are exposed to customer defaults, especially in cyclical end markets.
Vaikutus: Can increase bad debt expense and reduce earnings
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Päivitetty: 24.9.2026