Westport Fuel Systems

Westport Fuel Systems, Inc. is a transportation technology company. It engages in the engineering, manufacture, and supply of alternative fuel systems and components. The firm operates through the following segments: Transportation, The Cummins Westport, Inc. (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications. The CWI Joint Venture segment serves the medium and heavy-duty on highway engine markets. The Corporate segment refers to the public company activities, corporate oversight, and general administrative duties. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.

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Westport Fuel Systems, Inc. engages in the business of engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. It operates through the following segments: Original Equipment Manufacturers (OEM), Independent Aftermarket (IAM), and Corporate. The OEM segment includes designing, manufacturing, and selling alternative fuel systems, components, and electronics including the HPDI 2.0 fuel systems product and engineering services. The IAM segment focuses on alternative fuel systems and components that consumers can purchase and have installed onto vehicles to use liquid petroleum or compressed natural gas fuels in addition to gasoline. The Corporate segment is involved in public company activities, corporate oversight, financing, capital allocation, and general administrative duties such as securing intellectual property. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.

Westport Innovations (WPRT) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $0.68 per share a year ago.

Westport Innovations (WPRT) Reports Q3 Loss, Lags Revenue Estimates

Transition of Heavy-Duty OEM assets into Cespira, where they generated revenue of $16.2 million outweighs quarter-over-quarter revenue decline of $11.2 million Transition of Heavy-Duty OEM assets into Cespira, where they generated revenue of $16.2 million outweighs quarter-over-quarter revenue decline of $11.2 million

Westport Reports Third Quarter 2024 Financial Results

VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) (“Westport” or “The Company”) announces that the Company will release financial results for the third quarter of 2024 on Tuesday, November 12, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, November 13, 2024.

Westport to Issue Q3 2024 Financial Results on November 12, 2024

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VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) (“Westport” or “The Company”) announces that it has established an at-the-market equity offering program (the “ATM Program”) that allows the Company to issue and sell up to US$35,000,000 (or its Canadian dollar equivalent) of common shares of the Company (the “Common Shares”) from treasury to the public, from time to time, at the Company's discretion.

Westport Announces At-the-Market Equity Offering Program

Westport Fuel Systems reported mixed Q2/2024 results, with slight revenue pressure being offset by materially improved gross margins. The company finished the quarter with $49.9 million in pro forma cash and cash equivalents, as well as $44.2 million in debt obligations. Following the recent transfer of the company's HPDI operations to a new joint venture with Volvo, operating expenses and cash usage should come down substantially going forward.

Westport Fuel Systems: Improved Results But Still No Visible Path To Profitability, Hold

Westport's (WPRT) second-quarter earnings beat the Zacks Consensus Estimate, while revenues miss the same.

Westport (WPRT) Q2 Earnings Beat Estimates, Sales Decline Y/Y

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q2 2024 Earnings Call August 14, 2024 10:00 AM ET Company Participants Ashley Nuell - Vice President, Investor Relations Dan Sceli - Chief Executive Officer and Director Bill Larkin - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Chris Dendrinos - RBC Capital Markets Colin Rusch - Oppenheimer & Company Rob Brown - Lake Street Capital Markets Jeff Osborne - TD Cowen Operator Good day and thank you for standing by. Welcome to the Westport Fuel Systems Q2 2024 Conference Call.

Westport Fuel Systems Inc. (WPRT) Q2 2024 Earnings Call Transcript

Westport Innovations (WPRT) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $0.60 per share a year ago.

Westport Innovations (WPRT) Reports Q2 Loss, Tops Revenue Estimates

VANCOUVER, British Columbia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the second quarter ended June 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Reports Second Quarter 2024 Financial Results and Revises Segment Reporting

VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) (“Westport” or “The Company”) announces that the Company will release financial results for the second quarter of 2024 on Tuesday, August 13, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, August 14, 2024.

Westport to Issue Q2 2024 Financial Results on August 13, 2024

Event Highlights Joint Venture's Role in Global Adoption of HPDI™ Fuel System, Advancing Commercial Transportation to Smarter, Cleaner Power with IC Engines

Volvo Group and Westport Celebrate Transformative Partnership

VANCOUVER, BC , June 25, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, is pleased to publish its 2023 Environmental, Social and Governance ("ESG") report (the "2023 ESG Report"). The 2023 ESG Report outlines the Company's accomplishments within its primary areas of focus that include reduced emissions and energy consumption, operational health and safety, diversity, equity and inclusion, responsible sourcing, human rights, and ESG governance.

Westport Fuel Systems Publishes 2023 ESG Report

VANCOUVER, BC , June 13, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT) today held its Annual General Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, and an advisory Say-on-Pay vote.

Westport Publishes Annual General Meeting Results

Westport (WPRT) reported earnings 30 days ago. What's next for the stock?

Westport (WPRT) Up 13.8% Since Last Earnings Report: Can It Continue?

Westport (WPRT) and Volvo launch JV to expedite the commercialization and global adoption of WPRT's HPDI fuel system technology.

Westport (WPRT) & Volvo Launch JV to Boost HPDI Adoption

Working Together to Accelerate the Commercialization and Global Adoption of Westport's HPDI™ Fuel System Technology for Long-Haul and Off-Road Applications VANCOUVER, BC , June 3, 2024 /PRNewswire/ - Volvo Group ("Volvo") and Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT) today announced the closing and launch of their previously announced joint venture transaction. The joint venture is committed to accelerating the commercialization and global adoption of Westport's HPDI™ fuel system technology for long-haul and off-road applications.

Westport and Volvo Group Announce Closing of the Joint Venture

Westport (WPRT) is poised to gain from HPDI fuel system technology and Euro 6 and Euro 7 LPG programs amid delayed production in China and strong competition.

Here's Why You Should Retain Westport (WPRT) Stock for Now

Westport (WPRT) reports lower-than-expected first-quarter results. Revenues decline year over year.

Westport's (WPRT) Shares Rise 5.9% Since Q1 Earnings Miss

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Ashley Nuell – Senior Director, Investor Relations Dan Sceli – Chief Executive Officer and Director Bill Larkin – Chief Financial Officer Conference Call Participants Colin Rusch – Oppenheimer Chris Dendrinos – the RBC Capital Markets Rob Brown – Lake Street Capital Markets Amit Dayal – H.C. Wainwright Jeff Osborne – TD Cowen Mac Whale – Cormark Securities Eric Stine – Craig-Hallum Operator Good morning.

Westport Fuel Systems Inc. (WPRT) Q1 2024 Earnings Call Transcript

Westport Innovations (WPRT) came out with a quarterly loss of $0.79 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $0.60 per share a year ago.

Westport Innovations (WPRT) Reports Q1 Loss, Misses Revenue Estimates

VANCOUVER, BC , May 8, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (" Westport ") (TSX: WPRT) (Nasdaq: WPRT) reported financial results for the first quarter ended March 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports First Quarter 2024 Financial Results

Westport (WPRT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Westport (WPRT) Surges 10.6%: Is This an Indication of Further Gains?

Why Is Westport (WPRT) Down 14.2% Since Last Earnings Report?

VANCOUVER, BC , April 23, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the first quarter of 2024 on Wednesday, May 8, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Thursday, May 9, 2024.

News for Westport Fuel Systems Stock (WPRT)