Pioneer announces 13.1% revenue growth, record backlog for second quarter of 2016

“We ended the second quarter with a record $37.8 million backlog,” continued Mr. Kansas gas service bill pay Mazurek. La gasolina daddy yankee mp3 “Demand for our solutions is strong, and we are encouraged by the level of sales activity that has continued into the start of the third quarter. Electricity around the world Our primary focus is on expanding profit margins, improving overall efficiency and increasing our profitability and cash flows. Electricity history in india We are increasingly well positioned to deliver on these goals.”

Total revenue for the three-month period ended June 30, 2016 increased to $29.9 million, up 13.1% compared to $26.5 million for the second quarter of 2015. Gasoline p The increase was the result of increased sales of our US Dry type transformer products and our low voltage switchgear products.

For the six months ended June 30, 2016, total consolidated revenue increased by $1.2 million, or 2.1%, to $56.5 million, up from $55.3 million for the six months ended June 30, 2015.

For the second quarter of 2016, gross margin was 20.5% of revenues, as compared to 19.2% during the second quarter of 2015. Electricity merit badge worksheet For the six months ended June 30, 2016, Pioneer’s gross profit was $12.0 million, or 21.3% of revenues, up 13.2% compared to the $10.6 million, or 19.2% gross margin, for the year-ago period.

The second quarter operating income was $1.4 million compared to an operating loss of $(687,000) for the same period last year. U gas hampton For the six months ended June 30, 2016, operating income was $2.5 million compared to an operating loss of $(770,000) for the prior year.

Approximately $1.0 million for the quarters ended June 30, 2016 and 2015 of the Company’s operating expenses consisted of non-cash expenses including depreciation, amortization of acquisition intangibles, restructuring and integration charges, and stock-based compensation for employee and director stock options plus non-recurring other (income) expenses consisting of penalties and interest on delinquent payroll tax obligations and acquisition transactions and other expenses.

Pioneer’s effective income tax rate for the quarter was 75.7% of earnings before tax, as compared to 22.3% for the same quarter last year. Electricity receiver definition The higher rate was due to tax penalties accrued related to the previously disclosed tax issues which are not deductible for tax purposes and loans made by Pioneer’s Canadian operations to its United States operations, which are subject to a dividend tax. Youtube gas laws If these items were not included in this quarter, the effective income tax rate would have been 29.8%.

Without the effect of these (income) expenses, the Company’s Adjusted EBITDA for the quarter ended June 30, 2016 was approximately $2.2 million compared to $95,000 in the same quarter last year. Electricity lab activities For the six months ended June 30, 2016, the Company’s Adjusted EBITDA was $4.2 million, as compared to $931,000 during the same period last year. Electricity and magnetism online games Please refer to the financial tables included below for a reconciliation of GAAP to non-GAAP results and guidance.

* Note: Pioneer has presented non-GAAP measures such as Adjusted EBITDA because many of our investors use these non-GAAP measures to monitor the Company’s performance. Gas out game commercial These non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance.

Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Electricity omd The non-GAAP measures included in this release, however, should be considered in addition to, and not as a substitute for or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. 935 gas block Please refer to the financial tables included below for a reconciliation of GAAP to non-GAAP results.

The Company generated net earnings of $0.2 million and $0.8 million for the three and six months ended June 30, 2016, respectively, as compared to net losses of $(817,000) and $(1.0) million during the three and six months ended June 30, 2015. Current electricity definition physics Net earnings per basic and diluted share for the three and six months ended June 30, 2016 were $0.02 and $0.09, respectively, as compared to net losses per basic and diluted share of $(0.11) and $(0.14) for the three and six months ended June 30, 2015.

On a non-GAAP basis, the Company reported adjusted net earnings of approximately $0.7 million in the second quarter of 2016, or $0.08 per diluted share, as compared to a net loss of $(0.4) million, or $(0.05) per diluted share for the quarter ended June 30, 2015. Electricity 2015 For the six months ended June 30, 2016, non-GAAP earnings were $1.7 million, or $0.19 per diluted share, up from non-GAAP losses of $(0.1) million, or $(0.02) per diluted share, for the six months ended June 30, 2015. No electricity jokes Please refer to the financial tables included below for a reconciliation of GAAP to non-GAAP results and guidance.

Order backlog at June 30, 2016 was $37.8 million compared to $32.8 million at June 30, 2015 and $28.7 million at December 31, 2015. Gas mask art Backlog is based on orders expected to be delivered in the future, most of which is expected to occur during the next 12 months.

The Company reaffirmed its full-year 2016 guidance which is based on expected business trends and the current composition of the order backlog. Electricity gif The guidance excludes the impact of any potential acquisitions, as their timing and investment levels cannot be known with certainty. Online electricity bill payment In addition, this outlook excludes any significant fluctuations in foreign currency exchange rates. Gas zone pricing In 2016, the Company expects:

Management will host a conference call at 10 a.m. M gastrocnemius medialis Eastern Time Friday, August 12, 2016, to discuss the results with the investment community. La gasolina Details are as follows:

A replay will be available until August 19, 2016 which can be accessed by dialing 1-877-870-5176 if calling within the United States or 1-858-384-5517 if calling internationally. 9gag tv Please use passcode 9677224 to access the replay.

Pioneer Power Solutions, Inc. Gas meter in spanish manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Monroe la gas prices The Company’s principal products and services include custom-engineered electrical transformers, low and medium voltage switchgear and engine-generator sets and controls, complemented by a national field-service organization to maintain and repair power generation assets. Electricity powerpoint template Pioneer is headquartered in Fort Lee, New Jersey and operates from 13 additional locations in the U.S., Canada and Mexico for manufacturing, centralized distribution, engineering, sales, service and administration. Gas ks To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Electricity office near me Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Types of electricity generation methods Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Gas in babies how to get rid of it Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company has been delinquent in payment of its federal payroll tax obligations and may not be successful in its requests for the abatement of penalties and payment of past due amounts over an extended period, (ii) the Company’s ability to expand its business through strategic acquisitions, (iii) the Company’s ability to integrate acquisitions and related businesses, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources, and may subsidize their competitive offerings with other products and services, which may make it difficult for the Company to attract and retain customers, (v) the Company’s dependence on Hydro-Quebec Utility Company and Siemens Industry, Inc. Static electricity diagram for a large portion of its business, and the fact that any change in the level of orders from Hydro-Quebec Utility Company or Siemens Industry, Inc. Gas finder could have a significant impact on the Company’s results of operations, (vi) the potential loss or departure of key personnel, including Nathan J. Gas x tablets himalaya Mazurek, the Company’s Chairman, President and Chief Executive Officer, (vii) the fact that fluctuations between the U.S. Gas works park fireworks dollar and the Canadian dollar will impact the Company’s results, (viii) the Company’s ability to generate internal growth, (ix) market acceptance of existing and new products, (x) the Company’s dependence on a distributor agreement with Generac Power Systems through which its Critical Power segment derives a significant portion of its revenues, (xi) operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material, labor or overhead cost increases, interest rate risk and commodity risk, (xii) restrictive loan covenants or the Company’s ability to repay or refinance debt under its credit facilities that could limit the Company’s future financing options and liquidity position and may limit the Company’s ability to grow its business, (xiii) general economic and market conditions in the electrical equipment, power generation, commercial construction, industrial production, oil and gas, marine and infrastructure industries, (xiv) the impact of geopolitical activity on the economy, changes in government regulations such as income taxes, climate control initiatives, the timing or strength of an economic recovery in the Company’s markets and the Company’s ability to access capital markets, (xv) the fact that unanticipated increases in raw material prices or disruptions in supply could increase production costs and adversely affect the Company’s profitability, (xvi) the fact that the Company’s Chairman controls a majority of the Company’s combined voting power, and may have, or may develop in the future, interests that may diverge from yours, (xvii) material weaknesses in the Company’s internal control over financial reporting that could have an adverse effect on the Company’s business and common stock price, and (xviii) the fact that future sales of large blocks of the Company’s common stock may adversely impact the Company’s stock price. Electricity generation by country More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q. E gaskell Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov. Gas utility worker The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Note: Pioneer has presented non-GAAP measures such as non-GAAP net earnings and Adjusted EBITDA because many of our investors use these non-GAAP measures to monitor the Company’s performance. Static electricity vocabulary words These non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance.

Non-GAAP net earnings is defined by the Company as net earnings before amortization of acquisition-related intangibles, stock-based compensation, non-recurring acquisition costs and reorganization expense, impairments, other unusual gains or charges and any tax effects related to these items. Electricity history timeline The Company defines Adjusted EBITDA as net earnings before interest, income tax expense, depreciation and amortization, non-cash compensation and non-recurring acquisition costs and reorganization expenses and other non-recurring or non-cash items.

Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Npower gas price reduction The non-GAAP measures included in this release, however, should be considered in addition to, and not as a substitute for or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. Bp gas prices nj A reconciliation of non-GAAP to GAAP net earnings is set forth in the table above.

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