As of June 1st, 2016, Fuel Systems Solutions and Westport Innovations have merged to create Westport Fuel Systems. To view previous Fuel System Solutions financials, visit our Regulatory Filings page.
|(millions of U.S. dollars, except per share amounts and shares outstanding)||as of DEC 31, 2016|
|FY 2016||FY 2015|
The tables above include the results of Fuel Systems from June 1, 2016 (i.e., the year ended December 31, 2016 includes seven months of Fuel Systems' results). The 2015 comparatives do not include any impact from Fuel Systems.
|Net income (loss)||(97.6)||(99.2)|
|Net income (loss) per share—basic and diluted (1)||(1.07)||(1.55)|
|Weighted average shares outstanding||91,028,504||64,109,703|
|Cash and short-term investments||60.9||27.8|
|Long-term debt (incl. current portion)
|Consolidated Adjusted EBITDA (2)||(39.1)||(39.8)|
|Cash used in operations||(79.6)||(69.1)|
Sale in-line with previously announced portfolio review
Both companies are part of Westport Fuel Systems family of brands
Feature brands include BRC, Cubogas, EMER, GFI, Prins, OMVL, Valtek and Zavoli
Solid finish to 2016 Taking action to address upcoming liquidity needs
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Monday, March 27, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
1750 West 75th Avenue, Suite 101
Vancouver, British Columbia
Canada, V6P 6G2