Pioneer Power (PPSI) Misses Q3 EPS by 2c, Offers FY15 & FY16 Guidance

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Go back to Pioneer Power (PPSI) Misses Q3 EPS by 2c, Offers FY15 & FY16 Guidance

Pioneer Announces Third Quarter 2015 Financial Results

November 23, 2015 4:16 PM EST

FORT LEE, N.J., Nov. 23, 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, today announced its financial results for the third quarter and year-to-date periods ended September 30, 2015.

Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, "I am very encouraged by the nearly $1 million sequential improvement in our quarterly Adjusted EBITDA. We are also seeing tangible results from our ongoing restructuring initiatives, which are proceeding ahead... More