国际电力解决方案 2025年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS Certain statements contained in this Quarterly Report on Form 10-Q for the three months ended March 31, 2025, (the “QuarterlyReport”) that are not historical facts are intended to constitute “forward-looking statements” entitled to the safe-harbor provisions ofSection 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements may involve risks anduncertainties. These statements often include words such as “anticipate,” “believe,” “budgeted,” “contemplate,” “estimate,”“expect,” “forecast,” “guidance,” “may,” “outlook,” “plan,” “projection,” “should,” “target,” “will,” “would” or similarexpressions, but these words are not the exclusive means for identifying such statements. These forward-looking statements includestatements regarding Power Solutions International, Inc.’s, a Delaware corporation (“Power Solutions,” “PSI” or the “Company”),projected sales, potential profitability and liquidity, strategic initiatives, future business strategies, warranty mitigation efforts and The Company cautions that the risks, uncertainties and other factors that could cause its actual results to differ materially from thoseexpressed in, or implied by, the forward-looking statements include, without limitation, the factors discussed in the Company’s AnnualReport on Form 10-K for the year ended December 31, 2024, and from time to time in the Company’s subsequent filings with theUnited States Securities and Exchange Commission (the “SEC”); the impact of the macro-economic environment in both the U.S. andinternationally on our business and expectations regarding growth of the industry; uncertainties arising from global events (includingthe Russia-Ukraine and Israel-Hamas conflicts), natural disasters or pandemics, and their impact on material prices; the effects ofstrategic investments on our operations, including our efforts to expand our global market share and actions taken to increase salesgrowth; the ability to develop and successfully launch new products; labor costs and other employment-related costs; loss of suppliersand disruptions in the supply of raw materials; the Company’s ability to continue as a going concern; the Company’s ability to raiseadditional capital when needed and its liquidity; uncertainties around the Company’s ability to meet funding conditions under itsfinancing arrangements and access to capital thereunder; the potential acceleration of the maturity at any time of the loans under theCompany’s uncommitted revolving credit agreement through the exercise by any lender of its demand right in its Revolving CreditAgreement; the impact of rising interest rates; changes in economic conditions, including inflationary trends in the price of raw The Company’s forward-looking statements are presented as of the date hereof. Except as required by law, the Company expresslydisclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, AVAILABLE INFORMATION The Company is subject to the reporting and information requirements of the Exchange Act, and as a result, it is obligated to fileannual, quarterly and current reports, proxy and information statements and other information with the SEC. The Company makesthese filings available free of charge on its website (http://www.psiengines.com) as soon as reasonably practicable after itelectronically files them with, or furnishes them to, the SEC. Information on the Company’s website does not constitute part of this POWER SOLUTIONS INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OFSTOCKHOLDERS’ EQUITY POWER SOLUTIONS INTERNATIONAL, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1.Summary of Significant Accounting Policies and Other Information Nature of Business Operations Power Solutions International, Inc. (“Power Solutions,” “PSI” or the “Company”), a Delaware corporation, is a global producer anddistributor of a broad range of high-performance, certified, low-emission power systems, including alternative-fueled power systemsfor original