Westport Fuel Systems is a transportation technology company with one overarching goal – to drive innovation in the technology that powers a cleaner tomorrow. We are doing that today. By inventing, engineering, building and supplying the most advanced clean-burning fuel systems and components, we can change the way the world moves. And we do it in a way that creates value for our people, our customers, our investors and our environment. We serve our customers in more than 70 countries with leading global transportation brands. Our technology delivers performance, fuel efficiency and environmental benefits to meet ever more stringent emissions standards and address our global climate challenges. In a world where we are hauling more goods and travelling greater distances, Westport Fuel Systems technologies are crucial to balancing the health of our economy and our environment.
Delivers Positive Adjusted EBITDA
Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2018 on Thursday, August 9, 2018 after market close.
Westport Fuel Systems Inc. today announced that it has completed the sale of its compressed natural gas compressor business to Snam S.p.A., a leading European gas utility company, for total proceeds of 12.3 million Euro, net of a 500,000 Euro holdback to be released upon fulfillment of an independent audit process to be completed within 30 business days.
Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.
Revenue Guidance Adjusted to Reflect Sale