News Tagged with "Financial"

May 1, 2012

Westport Announces First Quarter Calendar 2012 Conference Call for Tuesday, May 8, 2012

Westport will disclose its financial results for the first quarter of calendar year 2012 ended March 31, 2012 on Tuesday, May 8, 2012 after market close. To coincide with such disclosure, Westport has scheduled a conference call for Tuesday, May 8, 2012 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

Find out more
March 6, 2012

Westport Announces Intention to Acquire Certain Assets of Advanced Engine Components Limited of Australia

Westport has entered into a business sale agreement to purchase certain assets of Advanced Engine Components Limited (AEC) of Perth, Western Australia, for A$1.45 million (approximately US$1.6 million) to be paid in cash and assumed liabilities. Upon successful completion of the transaction, Westport will acquire AEC's Australian business assets including its intellectual property, key contracts, inventory and fixed assets.

Find out more
February 29, 2012

Westport Reports Third Quarter Fiscal 2011 and Year End Financial Results

Quarterly Revenues Up 155% Year over Year

Westport reports financial results for the third quarter and nine-month fiscal year ended December 31, 2011 (“Stub Fiscal 2011”) and provided an update on operations. For ease of comparison, Westport also provided comparative figures for the twelve month periods ending December 31, 2011 and December 31, 2010. All figures are in U.S. dollars unless otherwise stated.

Find out more
February 27, 2012

Westport Closes Offering of Common Shares and Announces Underwriters' Exercise of Over-Allotment Option

Westport announces the closing of its previously announced offering of common shares in the United States and Canada, including the exercise in full of the underwriters' option to purchase an additional 825,000 common shares at the offering price of US$43.25 per share. With the exercise of the option, Westport issued a total of 6,325,000 common shares under the offering for gross proceeds of US$273,556,250.

Find out more
February 27, 2012

Westport and Leading Engine OEM to Develop Heavy-Duty Natural Gas Truck Engine for North American Market

Development Program Targets Rapidly Growing LNG Truck Opportunity in North America

Westport has signed a development agreement with a leading global engine manufacturer to develop a heavy-duty truck engine featuring Westport proprietary high pressure direct injection (HPDI) technology for the North American market. For competitive reasons, product details have been withheld.

Find out more
February 22, 2012

Westport Innovations Inc. Prices Offering of Common Shares

Westport announced the pricing of its offering of common shares in the United States and Canada. Westport will offer 5,500,000 common shares at a price of US$43.25 per share, for gross proceeds of US$237,875,000. Westport has granted the underwriters of the offering an option to purchase an additional 825,000 common shares at the offering price during the period ending 30 days from the date of Westport's final prospectus supplement filed in connection with the offering to cover over-allotments, if any. If the over-allotment option is exercised in full, gross proceeds of the offering will be US$273,556,250.

Find out more
February 21, 2012

Westport Innovations Inc. Offers Common Shares

Westport is offering to sell, subject to market and other conditions, 5,000,000 of its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus originally dated January 3, 2012. Copies of the U.S. preliminary prospectus supplement can be accessed through the SEC's website at www.sec.gov, and copies of the Canadian preliminary prospectus supplement are available at www.sedar.com.

Find out more
February 21, 2012

Westport Increases Revenue Expectations for Calendar 2011, Provides Revenue Outlook for Calendar 2012

and Announces Third Quarter and Year End Fiscal 2011 Conference Call for Wednesday, February 29, 2012

Westport announced it is revising its revenue expectations for the calendar year ended December 31, 2011 with consolidated revenue expected to be between $260 and $264 million. The increase from the Company’s previous revenue expectation of approximately $240 to $250 million now represents more than 80% growth compared to Westport’s reported consolidated revenue of $144.4 million for the year ended December 31, 2010. For the twelve months ended December 31, 2011, Westport expects to report a net loss per share between $1.26 and $1.28. For the three months ended December 31, 2011, Westport expects to report consolidated revenue of $96 to $100 million and a net loss per share between $0.30 and $0.32.

Find out more
February 20, 2012

Westport Announces Amended Cummins Westport Joint Venture Agreement

Conference Call to Follow

Westport has entered into an amended and restated joint venture agreement (JVA) with Cummins for the Cummins Westport (CWI) joint venture. The JVA was amended to provide for, among other things, clarification concerning the scope of products within CWI. In addition, the parties have revised certain economic terms of the JVA.

Find out more
November 1, 2011

Q2 FY2011 Financial Results

Q2 Revenues Increase 80% Year-Over-Year

Westport reports financial results for the Q2 fiscal 2011 (ended September 30, 2011) and provides an update on operations. All figures are in U.S. dollars unless otherwise stated.

Find out more

News Releases

August 30

Westport Fuel Systems to Present at the 8th Annual Gateway Conference on September 5, 2019

Westport Fuel Systems today announced they have been invited to present at the 8th Annual Gateway Conference, which is being held September 4-5, 2019 at the Four Seasons Hotel in San Francisco, California

August 22

Westport Fuel Systems Announces New Chief Financial Officer

Westport Fuel Systems Appoints Richard Orazietti as Chief Financial Officer

August 8

Reports Second Quarter 2019 Financial Results

Strong first half revenue drives improved revenue guidance

July 29

Westport Fuel Systems to Announce Second Quarter Results on Thursday, August 8, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2019 on Thursday, August 8, 2019 after market close.

May 9

Reports First Quarter 2019 Financial Results

Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0 Sales

Our Brands