Westport Fuel Systems Reports Second 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, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the second quarter ended June 30, 2020 and provided an update on operations. All figures are in millions of U.S. dollars unless otherwise stated. Key Results Consolidated revenues for the quarter ended June 30, 2020 decreased by $46.4 million to $36.0 million, or 56% relative to the same period last year, mainly due to lower sales resulting from plant closures and reduced customer demand related to the COVID-19 pandemic. Consolidated revenues for the six months ended June 30, 2020 were $103.2 million compared to $155.6 million for the prior year period.Net income for the second quarter of 2020 was $3.0 million compared to a loss of $2.6 million for the comparative period mainly due to a $7.7 million insurance recovery related to the $10.0 million charge for a field service campaign for the replacemen
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WPRT
Earnings
- 3/25/24 - Miss
WPRT
Sec Filings
- 4/11/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/26/24 - Form 6-K
- WPRT's page on the SEC website