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 Q1 2021

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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 (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.

Westport to Issue Third Quarter 2022 Financial Results on Monday, November 7, 2022

VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT) today announced the resignation of its Chief Financial Officer (CFO), Richard Orazietti, for personal reasons. Mr. Orazietti will continue in his capacity as CFO until November 30, 2022, following the release of Westport's third quarter 2022 results, to ensure a smooth transition and the seamless transfer of duties and responsibilities.

Westport Announces the Resignation of Chief Financial Officer Richard Orazietti and Appoints William Larkin as Successor

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Westport Fuel Systems European Policy Panel “Hydrogen Mobility for Sustainable Heavy-Duty Transport,” in Brussels on September, 28th, 2022: panellists shown here are Zlatko Kregar, Policy Officer DG MOVE, European Commission and David Johnson, CEO Westport. Moderator is Cillian Totterdell, Account Director, Energy, Climate and Transport Team FleishmanHillard.

Hydrogen Mobility for Sustainable Heavy-Duty Transport, Westport Unveils Game-Changing Technology in Brussels

Westport's HPDI fuel system allows heavy-duty trucks to deliver power and torque while dramatically reducing CO2 emissions

Westport Unveils H2 HPDI™ Fuel System for Sustainable Hydrogen Internal Combustion Mobility at IAA

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

Westport (WPRT) Down 13.3% Since Last Earnings Report: Can It Rebound?

VANCOUVER, British Columbia, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX: WPRT / Nasdaq: WPRT) announces the release of its 2021 Environmental, Social and Governance (“ESG”) Report outlining the company's accomplishments within its core ESG topics of carbon footprint, operational health and safety, diversity, equity and inclusion, responsible sourcing, human rights, and ESG governance.

Westport Fuel Systems Releases 2021 Environmental, Social and Governance Report

Westport Fuel Systems has seen its share price crater as their joint venture with Cummins concluded and as supply chain issues, Russia's invasion of Ukraine and gas prices hurt growth. But I believe that not only are these headwinds temporary, they are likely to aid the company in the long run as they are resolved, concluded or reverse course.

Westport Fuel Systems: Likely To Roar Ahead As Headwinds Dissipate

A weak earnings report has investors slamming on the brakes.

Why Shares of Westport Fuel Systems Are Crashing Today

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q2 2022 Earnings Conference Call August 9, 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 Colin Rusch - Oppenheimer Eric Stine - Craig-Hallum Capital Markets Rob Brown - Lake Street Capital Markets Amit Dayal - H.C. Wainwright Jeff Rossetti - Cowen Mac Whale - Cormark Securities Bill Peterson - JPMorgan Operator Thank you for standing by.

Westport Fuel Systems Inc. (WPRT) CEO David Johnson on Q2 2022 Results - Earnings Call Transcript

Westport (WPRT) incurs a loss in the second quarter that compares unfavorably with the year-ago profit figure. The top line sees a nominal increase.

Westport (WPRT) Q2 Loss Narrower Than Expected, Revenues Up

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq:WPRT) reported financial results for the second quarter ended June 30, 2022, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports Second Quarter 2022 Financial Results

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VANCOUVER, British Columbia, July 18, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX/Nasdaq: WPRT) announced today it will release financial results for the second quarter 2022 on Monday, August 8 after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 9, 2022.

Westport Fuel Systems to Issue Second Quarter 2022 Financial Results on Monday, August 8, 2022

Westport (WPRT) wins a contract to supply LPG to a key OEM for its vehicle applications to steer toward cleaner transportation. The deal will generate 38 million euros in revenues by 2025-end.

Westport (WPRT) Secures Deal for LPG Supply to a Key OEM

The company scores a contract potentiallly worth $38 million to provide comprehensive liquefied natural gas solutions.

Why Westport Fuel Systems Rocketed Higher Today

VANCOUVER, British Columbia, July 11, 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 for a number of vehicle applications for a global original equipment manufacturer (OEM). The deal is forecasted to provide €38 million in revenue through the end of 2025, with production expected to begin in Q4 2023.

Westport Fuel Systems Awarded €38 Million Program to Supply LPG Fuel Systems to a Global OEM

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VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX: WPRT / Nasdaq: WPRT) today announced that David Johnson, CEO and Scott Baker, VP – Engineering, will participate in a Fireside Chat discussion with research analysts Graham Mattison and Shawn Severson of Water Tower Research on Friday, May 20, 2022 at 11:00am ET (8:00am PT).

Westport Fuel Systems to Participate in Water Tower Research Fireside Chat Event May 20, 2022 at 11:00am ET

Westport's (WPRT) loss in first quarter 2022 widens year over year and revenues remain flat.

Westport (WPRT) Reports Wider-Than-Estimated Loss in Q1

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q1 2022 Earnings Conference Call May 9, 2022 10:00 AM ET Company Participants Christian Tweedy – Investor Relations David Johnson – Chief Executive Officer Richard Orazietti – Chief Financial Officer Conference Call Participants Eric Stine – Craig-Hallum Rob Brown – Lake Street Capital Markets Colin Rusch – Oppenheimer Amit Dayal – H.C. Wainwright Mac Whale – Cormark Securities Jeff Osborne – Cowen & Co Operator Thank you for standing by.

News for Westport Fuel Systems Stock (WPRT)