News Tagged with "Financial"

May 17, 2018

Westport Fuel Systems Announces Agreement to Sell CNG Compressor Business to Snam S.p.A. for 12.5 Million Euro

Revenue Guidance Adjusted to Reflect Sale

Westport Fuel Systems Inc. today announced that it has entered into an agreement to sell its compressed natural gascompressor business based in Cherasco, Italy to Snam S.p.A., a leading European gas utility company, for a cash purchase price of 12.5 million Euro, subject to certain customary adjustments and closing conditions.

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May 10, 2018

Westport Fuel Systems Reports First Quarter Fiscal 2018 Financial Results

Performance on Track

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2018 and provided an update on operations.

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May 9, 2018

Westport Fuel Systems Publishes 2018 Annual and Special Meeting of Shareholders Results

Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.

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May 8, 2018

Westport Fuel Systems to Announce First Quarter Results on Friday, May 11, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.

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March 22, 2018

Westport Fuel Systems Reports Fourth Quarter and Fiscal 2017 Financial Results

Transformative Year: Well Positioned for 2018 with Market-Ready Solutions

Westport Fuel Systems Inc. reported financial results for the fourth quarter and year ended December 31, 2017 and provided an update on operations.

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March 21, 2018

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2017 Results on Friday, March 23, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2017 on Friday, March 23, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, March 23, 2018 at 8:30am Eastern Time (5:30am Pacific Time).

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December 21, 2017

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

Bolsters Liquidity and Supports Westport™ HPDI 2.0 Launch Activities

Westport Fuel Systems Inc.and Export Development Canada announced today that they have signed a US$20 million secured term loan agreement to support the commercial launch of the Westport High Pressure Direct Injection 2.0 program.

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November 14, 2017

Westport Fuel Systems Reports Third Quarter 2017 Financial Results

Order Fulfillment of Westport™ HPDI 2.0 + Strengthened Balance Sheet

Westport Fuel Systems Inc.reported financial results for the third quarter ended September 30, 2017, and provided an update on operations.

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November 8, 2017

Westport Fuel Systems to Announce Third Quarter Results On Tuesday, November 14, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Tuesday, November 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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August 29, 2017

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

Westport Fuel Systems Inc. announced today that it has terminated the previously announced tender offer for Westport Fuel Systems 9% unsecured subordinated non-convertible debentures effective immediately. Prior to cancellation of the tender offer, an aggregate of Cdn.$4,838,000 principal amount of Debentures were tendered to the offer and will be acquired by Westport Fuel Systems. Westport Fuel Systems expects to repay the remainder of the Debentures on their original maturity date of September 15, 2017.

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News Releases

May 31

Westport Fuel Systems Announces New Chief Financial Officer

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.

May 9

Westport Fuel Systems Publishes 2018 Annual and Special Meeting of Shareholders Results

Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.

May 8

Westport Fuel Systems to Announce First Quarter Results on Friday, May 11, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.

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