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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Earnings data Q4 2024

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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.

Last month, the company reported disappointing fourth quarter and full year 2022 results with both revenues and margins down year-over-year. Adjusted for one-time cash proceeds from the sale of intellectual property and the company's stake in the Cummins Westport joint venture, free cash flow was negative $46.1 million.

Westport Fuel Systems: Lack Of Catalysts And Potential Reverse Stock Split Should Keep Investors Sidelined

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

Why Is Westport (WPRT) Down 3.8% Since Last Earnings Report?

VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today held its Annual and Special 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, an advisory Say-on-Pay vote and approval for board discretion to initiate a share consolidation.

Westport Publishes 2022 Annual and Special Meeting Results

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Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q4 2022 Results Conference Call March 14, 2023 10:00 AM ET Company Participants Ashley Nuell - Senior Director, IR David Johnson - CEO Bill Larkin - CFO Conference Call Participants Rob Brown - Lake Street Capital Markets Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Chris Dendrinos - RBC Capital Markets MacMurray Whale - Cormark Securities Jeff Osborne - TD Cowen Bill Peterson - JP Morgan Operator Thank you for standing by.

Westport Fuel Systems Inc. (WPRT) Q4 2022 Earnings Call Transcript

VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2022 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Reports Fourth Quarter and Full Year 2022 Results

VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, today announced its collaboration with a global original equipment manufacturer (OEM) to evaluate the performance, efficiency and emissions of the OEM's engine equipped with Westport's H2 HPDI fuel system. This collaboration marks Westport's third major OEM engagement evaluating its H2 HPDI fuel system to date. Funded by the OEM, the work starts immediately and continues through year end.

Westport Signs Third Global Heavy-Duty OEM Collaboration Agreement to Demonstrate H2 HPDI™ Fuel System on IC Engine Platform

Westport (WPRT) plans to build hydrogen innovation center and manufacturing facility in Changzhou, China, to support its hydrogen componentry business and other alternative fuel system technologies.

Westport (WPRT) to Invest $10M in China to Expand Footprint

Hydrogen Innovation Center and Manufacturing Facility to be Built in Partnership with the City of Changzhou Hydrogen Innovation Center and Manufacturing Facility to be Built in Partnership with the City of Changzhou

Westport Announces Plan to Invest Up to $10 Million USD in Global Manufacturing Facility in Changzhou Hydrogen Valley, China

VANCOUVER, British Columbia, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) announced today it will release financial results for the fourth quarter and full fiscal year 2022 on Monday, March 13, 2023, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, March 14, 2023.

Westport to Issue Fourth Quarter and Full Year 2022 Financial Results on Monday, March 13, 2023

VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, announced today that it has received a Bid Price Compliance Letter from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Capital Market®.

Westport Regains Compliance with Nasdaq Minimum Bid Requirement

Westport management's guidance of $1 billion by mid-decade is intriguing. Insider buying in the open market is a good thing.

Westport Fuel Systems Is Worth A Look

VANCOUVER, British Columbia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, announced today their collaboration with Johnson Matthey, a global leader in sustainable technologies, to develop an emissions aftertreatment system tailored to Westport's proprietary H2 HPDI™ hydrogen fuel system, with the goal of reducing or eliminating emissions.

Westport and Johnson Matthey Collaborate to Develop Emissions Aftertreatment System for the H₂ HPDI™ Fuel System

Westport (WPRT) announces another deal with a key OEM to supply LPG to its Euro 7 vehicle platform. The deal will generate 40 million euros in annual revenues and contribute to WPRT Europe business.

Westport (WPRT) Wins Contract to Supply LPG to a Key OEM

Westport (WPRT) Up 13.4% Since Last Earnings Report: Can It Continue?

VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, announced today that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems to a global original equipment manufacturer (OEM) to accommodate a number of its Euro 7 vehicle platforms. The deal is forecasted to generate €40 million in annual revenue with production expected to begin in Q1 2025.

Westport Awarded Program to Supply Euro 7 LPG Fuel Systems to Global OEM

VANCOUVER, British Columbia, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, today announces that it will host an in-person and virtual Capital Markets Day on Thursday, December 8th.

Westport to provide strategic update and deep dive into H2 HPDI fuel system at its 2022 Capital Markets Day

Westport Fuel Systems is a supplier of advanced fuel delivery components which include low-carbon fuels like natural gas, propane, or hydrogen to the global transportation industry. Successful information about the results of new projects would most likely move the share price up.

Westport Fuel Systems: Scania And M&A Could Push The Price Up

Westport (WPRT) Q3 loss of 7 cents a share widens from the year-ago quarter. Revenues also inch down 4% from the corresponding quarter of 2021.

Westport (WPRT) Q3 Loss In Line, Sales Lag Estimates & Fall Y/Y

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Ashley Nuell - Senior Director of Investor Relations David Johnson - Chief Executive Officer & Director Richard Orazietti - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital Markets Amit Dayal - H.C. Wainwright Colin Rusch - Oppenheimer Jeff Rossetti - Cowen and Company Chris Dendrinos - RBC Capital Markets Bill Peterson - JPMorgan Operator Thank you for standing by.

Westport Fuel Systems Inc. (WPRT) Q3 2022 Earnings Call Transcript

Westport (WPRT) delivered earnings and revenue surprises of 0% and 6.31%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq:WPRT) reported financial results for the third quarter ended September 30, 2022, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports Third Quarter 2022 Financial Results

VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the "Company") (TSX:WPRT / Nasdaq: WPRT) a global leader in low-emissions alternative fuel transportation technologies announced today that on November 3, 2022, it received written notice (“Notification”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying it that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (“Nasdaq Listing Rule”).

Westport Receives Nasdaq Notification Regarding Minimum Bid Price Compliance

VANCOUVER, British Columbia, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport”) (TSX: WPRT / Nasdaq: WPRT) a global leader in low-emissions alternative fuel transportation technologies, and Scania AB, a world-leading provider of transport solutions, announced today impressive engine test results of Westport's H₂ HPDI fuel system for heavy-duty vehicle applications.

Westport and Scania Announce Impressive Test Results of H₂ HPDI™ Fuel System for Heavy-Duty Transport

VANCOUVER, British Columbia, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) announced today it will release financial results for the third quarter 2022 on Monday, November 7 after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, November 8, 2022.

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