Pioneer Power (PPSI) Misses Q1 EPS by 4c

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Go back to Pioneer Power (PPSI) Misses Q1 EPS by 4c

Pioneer Announces First Quarter Financial Results

May 14, 2015 8:01 AM EDT

FORT LEE, N.J., May 14, 2015 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, announced its results for the first quarter ended March 31, 2015.

Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, "Quarterly revenues increased 38% on a year-over-year basis and we achieved organic growth of 14%, despite a significant foreign currency translation headwind and continued weakness in the oil and gas sectors. This increase in revenue provides us a good... More