Financial Information

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.

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Key Financials

(expressed in millions of U.S. dollars, except for per share amounts, shares outstanding) Quarter ended SEPT 30
20172016

[1] Westport Fuel Systems defines Adjusted EBITDA as EBITDA from continuing operations excluding expenses for stock-based compensation, unrealized foreign exchange gain or loss, and non-cash and other adjustments. Management uses Adjusted EBITDA as a long-term indicator of operational performance since it ties closely to the business units' ability to generate sustained cash flow. Adjusted EBITDA includes the company's share of income from joint ventures.

Total revenue 60.8 56.1
Gross margin 14.8 8.7
GM % 24% 16%
Net income (loss) from Continuing Operations (15.7) (33.6)
Net income (loss) per share—basic  (0.12) (0.30)
Net income (loss) per share—diluted (0.12) (0.30)
Weighted average shares outstanding—basic 126,282,427 109,863,371
Weighted average shares outstanding—diluted 126,282,427 109,863,371
Cash and short-term investments 51.1 58.7
Total assets 311.1 358.4
Long term debt 36.3 79.0
Consolidated Adjusted EBITDA(1) (5.0) (10.8)
Net cash used in operating activities of Continuing Operations (14.0) (27.4)

Stock Price

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News Releases

January 4

Cummins Westport Receives 2018 Emissions Certifications for ISX12N Natural Gas Engine

Cummins Westport Inc. announced today that it has received certifications from both the U.S. Environmental Protection Agency and Air Resources Board in California for its 2018 ISX12N natural gas engine.

January 2

Tata Motors and Westport Fuel Systems Announce Development and Supply Agreement

Natural Gas Solutions to Meet Upcoming BS-VI Emissions Standards in India

December 22

Westport Fuel Systems Signs MOU with Weichai Power

Next Step in the Commercialization of Westport™ HPDI for Heavy Duty Trucks in China

December 21

Westport Fuel Systems Signs US$20 Million Loan Agreement from Export Development Canada

Bolsters Liquidity and Supports Westport™ HPDI 2.0 Launch Activities

December 13

Cummins Westport Receives 2018 Emissions Certifications for L9N and B6.7N Natural Gas Engines

Cummins Westport Inc. announced today that it has received certifications from both the U.S. Environmental Protection Agency (“EPA”) and Air Resources Board (“ARB”) in California for its 2018 L9N and B6.7N natural gas engines.

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