Earnings And Income Miss Estimates
The corporate reported adjusted earnings of 36 cents per share, under analysts’ expectations of 74 cents per share.
Income totaled $128.6 million, lacking the consensus estimate of $160.8 million.
Gross sales declined 5% yr over yr, pushed by a $10.2 million drop within the energy methods phase amid softer oil and gasoline demand and uneven timing of information center-related orders.
Margins Stress Outcomes
Gross revenue fell 27% yr over yr to $29.4 million. Gross margin contracted to 22.9% from 29.7% within the prior-year quarter.
The corporate mentioned the margin decline mirrored a weaker oil and gasoline gross sales combine, together with increased manufacturing prices tied to increasing information center-related manufacturing capability in Wisconsin.
Energy Options Worldwide mentioned demand for its information heart energy options stays robust and expects increased gross sales within the second half of 2026. Nevertheless, cargo timing and order volumes proceed to rely on buyer schedules, manufacturing capability and supply-chain situations.
As of March 31, 2026, money and money equivalents totaled $45.1 million.
Outlook Stays Unsure
The corporate didn’t present full-year 2026 steering, citing variability so as timing and broader market situations.
Administration expects second-quarter income to stay broadly in keeping with first-quarter ranges on a sequential foundation. The corporate anticipates stronger progress within the second half of 2026 as bigger energy methods orders transfer into manufacturing and are acknowledged as income.
Energy Options Worldwide additionally warned that continued weak spot within the oil and gasoline market and ongoing capability ramp-up efforts in Wisconsin are prone to proceed pressuring gross margins.
PSIX Value Motion: Energy Options shares had been down 32.75% at $42.00 throughout premarket buying and selling on Tuesday, in keeping with Benzinga Professional information.
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