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.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 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.

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS") (TSX:WPRT / Nasdaq:WPRT) reported financial results for the second quarter ended June 30, 2021, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports Second Quarter 2021 Financial Results

VANCOUVER, British Columbia, July 22, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX/ Nasdaq: WPRT) will disclose its financial results for the second quarter of the fiscal year 2021 on Thursday, August 5th, 2021 after market close. Westport Fuel Systems has also scheduled a conference call for Friday, August 6th, 2021 at 10:00 am Eastern Time (7:00 am Pacific Time).

Westport Fuel Systems to Announce Second Quarter 2021 Financial Results on Thursday, August 5th, 2021

Westport shares have fallen more than 60% in the last four months, making them look rather cheap. The company appears significantly undervalued versus a DCF model and it became profitable this year.

Westport Fuel Systems: The Time To Buy Is Near

Westport's (WPRT) partnership with TUPY and AVL aims to combine the strengths of the three companies to build the world's most efficient hydrogen-fueled ICE.

Westport (WPRT), TUPY & AVL Team Up for Hydrogen-Fueled ICE

SAO PAULO, Brazil and VANCOUVER, British Columbia and GRAZ, Austria, July 07, 2021 (GLOBE NEWSWIRE) -- TUPY (TUPY3/B3), a world-leading specialist of casting and machining of highly engineered structural components, Westport Fuel Systems Inc. (TSX/Nasdaq: WPRT), a global leader in alternative fuel, low emission transportation technologies, and AVL List GmbH, the world's largest independent company for development, simulation and testing in the automotive industry, today jointly announced a collaboration to develop a highly efficient hydrogen (H 2 ) internal combustion engine (ICE) for heavy goods transportation. The direct collaboration aims at combining advanced material and casting technologies with the latest H 2 ICE technology using high pressure direct injection (HPDI)™.

TUPY, Westport Fuel Systems and AVL to Collaborate in Demonstration of World's Most Efficient Hydrogen-Fueled Internal Combustion Engine

The natural gas fuel tech company is following through on plans it hinted at earlier this year.

Why Westport Fuel Systems Tumbled 10.7% in June

VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (“Westport Fuel Systems” or the “Company”), a global leader in alternative fuel, low-emissions transportation technologies, today announced the closing of its previously-announced underwritten marketed public offering of common shares (“Common Shares”) in the United States and Canada for gross proceeds to the Company of US $115,115,000 (the "Offering"). The Company issued a total of 20,930,000 shares, including 2,730,000 shares following the exercise in full by the underwriters of their over-allotment option. The shares were issued at a price to the public of US $5.50 per share.

Westport Fuel Systems Announces Closing of Marketed Public Offering and Exercise of Over-Allotment Option

VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (“Westport Fuel Systems” or the “Company”) today announced the pricing of its previously proposed underwritten marketed public offering of common shares in the United States and Canada. The offering is comprised of 18,200,000 common shares at a price to the public of US $5.50 per share.

Westport Fuel Systems Announces Pricing of Marketed Public Offering

The company announced a capital raise that wasn't very shareholder-friendly.

Why Westport Fuel Systems Stock Dropped Today

Westport's (WPRT) latest acquisition further strengthens the company's position to offer a range of industry-leading solutions to prominent global OEMs.

Westport's (WPRT) Stako Acquisition to Enhance Product Portfolio

VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (“Westport Fuel Systems” or the “Company”) today announced that it has reached an agreement to acquire Stako sp. z o.o., (“Stako”), the liquid petroleum gas fuel storage manufacturing subsidiary of Worthington Industries Inc. (“Worthington”) in a transaction valued at €5 Million.

Westport Fuel Systems to Acquire Stako sp. z o.o., a World Leader in the Manufacturing of Liquified Petroleum Gas Fuel Storage

Westport Fuel Systems have enjoyed surging sales as their natural-gas powered vehicle engines saw steady growth in China and other regions. However, the explosive growth in alternative energy systems may leap ahead of natural gas engine demand, causing the company's long-term prospects to come to question.

Westport Fuel Systems: 'Transition Fuel' May Just Not Be Enough

Westport Fuel Systems (WPRT) slips to Q1 loss due to supply chain disruptions amid shortage of semiconductors, one-time severance cost and unfavorable forex transactions.

Westport (WPRT) Plunges 13.3% Since Q1 Loss Amid Chip Crunch

Westport Fuel Systems Inc. (WPRT) CEO David Johnson on Q1 2021 Results - Earnings Call Transcript

VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports First Quarter 2021 Financial Results

VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS” 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'sauditors, and an advisory Say-on-Pay vote.

Westport Fuel Systems Publishes 2021 Annual Meeting of Shareholders Results

Westport (WPRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Westport Innovations (WPRT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

VANCOUVER, British Columbia, April 22, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX/ Nasdaq: WPRT) will disclose its financial results for the first quarter of the fiscal year 2021 on Thursday, May 6th, 2021 after market close. Westport Fuel Systems has also scheduled a conference call for Friday, May 7th , 2021 at 10:00 am Eastern Time (7:00 am Pacific Time).

Westport Fuel Systems to Announce First Quarter 2021 Financial Results on Thursday, May 6th, 2021

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

Why Is Westport (WPRT) Down 38.2% Since Last Earnings Report?

Westport's (WPRT) latest investment in the Yantai facility is in sync with its goal of meeting the rising global demand for cost-effective heavy-duty trucks powered by HPDI 2.0.

Westport (WPRT) Boosts Manufacturing of HPDI Injectors in China

High-volume production facility to be added to the long-standing partnership to supply injectors for global market High-volume production facility to be added to the long-standing partnership to supply injectors for global market

Westport Fuel Systems Announces Co-Investment Agreement with Tier One Injector Manufacturing Partner to Expand Manufacturing Footprint for HPDI 2.0 Injectors in China

VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions transportation technologies, today announced its Weichai Westport Inc. (“WWI”) joint venture has agreed to amended terms for the existing technology development and supply agreements between WWI and Westport Fuel Systems. The amendments modify the existing 2018 agreements between Westport Fuel Systems and WWI, and increases WWI's commitment to purchase Westport Fuel Systems' flagship high pressure direct injection (“HPDI 2.0™”) systems, while extending the time frame to allow WWI to complete this volume commitment.

Westport Fuel Systems and Weichai Westport Agree to Modified Terms for the Supply of HPDI Systems

This is not the response investors usually give to earnings beats.

Why Westport Fuel Systems Stock Cratered Today

Westport Fuel Systems Inc. (WPRT) CEO David Johnson on Q4 2020 Results - Earnings Call Transcript

Westport Fuel Systems' (WPRT) Q4 earnings compare favorably with the year-ago figure on the back of operational efficiency, higher investment income from the CWI joint venture and forex gains.

News for Westport Fuel Systems Stock (WPRT)