Pioneer Power (PPSI) Reports In-Line Q1 EPS

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Go back to Pioneer Power (PPSI) Reports In-Line Q1 EPS

Pioneer Announces Profitable First Quarter 2016 Results, Reaffirms Full-Year Guidance

May 12, 2016 4:06 PM EDT

FORT LEE, N.J., May 12, 2016 /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 first quarter ended March 31, 2016.

First Quarter Results:

Revenue of $26.6 million, up 1.2% sequentially and down 8.0% year-over-year Gross margin percentage of 22.3%, down 0.9% sequentially and up 19.3% compared to Q1 2015 Operating income of $1.1 million compared sequentially to an operating loss of $(1.2) million in Q4 2015 and... More