Westport Fuel Systems Reports First Quarter 2020 Financial Results
Westport Fuel Systems Inc - Common Shares (WPRT)
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm
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US:NASDAQ Investor Relations:
wfsinc.com/investors/corporate-overview
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Source: GlobeNewswire
VANCOUVER, British Columbia, June 04, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2020 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. Key Results Consolidated revenues for the quarter ended March 31, 2020 decreased by $6.0 million to $67.2 million, or 8% over the same period last yearGross margin for the three months ended March 31, 2020 decreased by $12.9 million to $4.3 million, mainly due to a $10 million charge for a field service campaign for the replacement of a pressure release device recorded during the quarter. Not included in the charge is anticipated insurance recovery of 70% of these costsAdjusted EBITDA decreased to negative $3.6 million for the quarter ended March 31, 2020. Excluding the warranty charge, Adjusted EBITDA would have been $6.4 million for the quarterSuccessfully restarted majority of
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News
- Here's Why You Should Retain Westport (WPRT) Stock for Now [Yahoo! Finance]Yahoo! Finance
- Westport Fuel Systems Inc. (NASDAQ: WPRT) had its price target lowered by analysts at TD Securities from $8.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- Westport Fuel Systems Inc. (NASDAQ:WPRT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Westport Fuel Systems Inc. (NASDAQ: WPRT) had its price target lowered by analysts at Royal Bank of Canada from $10.00 to $9.00. They now have a "sector perform" rating on the stock.MarketBeat
- Westport Fuel Systems Inc. (NASDAQ: WPRT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.MarketBeat
WPRT
Earnings
- 3/25/24 - Miss
WPRT
Sec Filings
- 3/26/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/25/24 - Form 40-F
- WPRT's page on the SEC website