News Tagged with "Financial"

December 2, 2014

Westport Acquires Prins Autogassystemen

Capturing a Complete Portfolio of Alternative Fuel Systems, Expected Accretive Sales and Operations Synergies in 2015 and Beyond

Westport has acquired Netherlands based Prins Autogassystemen Holding B.V. (Prins) for Euro 12.2 million (approximately U.S.$15.1 million) through a combination of Euro 6.6 million (approximately U.S.$8.2 million) in assumed liabilities and Euro 5.6 million (approximately U.S.$6.9 million) in cash.

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October 30, 2014

Westport Reports Third Quarter Fiscal 2014 Financial Results

Reiterates Revenue Guidance for 2014, Net Income Improved 16%, Takes Immediate Action Reducing Staff and Prioritizing Investments, and Executives Accept Reduced Salaries

Westport reports financial results for the third quarter ended September 30, 2014 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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October 23, 2014

Westport Announces Third Quarter Fiscal 2014 Conference Call for Thursday, October 30, 2014

Westport announced today that it will disclose its financial results for the third quarter ended September 30, 2014 on Thursday, October 30, 2014 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, October 30, 2014 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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September 30, 2014

Westport Announces Technology, Investment, Market and Revenue Update

Matching Investment and Revenue Outlook with Pace of Market Adoption, while Second Generation HPDI Technology Draws Support

Westport gives an update to its Westport high pressure direct injection (Westport™ HPDI) second generation or "HPDI 2.0" development program and identified plans to further refine investment programs to align with its original equipment manufacturer (OEM) customers and the global pace of natural gas vehicle adoption and related infrastructure build out. In line with the pace of market adoption, Westport has updated its near term revenue outlook for the year ended December 31, 2014.

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July 31, 2014

Westport Reports Second Quarter Fiscal 2014 Financial Results

Achieved Positive Adjusted EBITDA of $1.0 Million from Westport Operating Business Units and Reaffirms Fiscal 2014 Revenue Guidance

Achieved Positive Adjusted EBITDA of $1.0 Million from Westport Operating Business Units and Reaffirms Fiscal 2014 Revenue Guidance

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July 24, 2014

Westport Announces Second Quarter Fiscal 2014 Conference Call for Thursday, July 31, 2014

Westport will disclose its financial results for the second quarter ended June 30, 2014 on Thursday, July 31, 2014 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, July 31, 2014 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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June 27, 2014

Westport Extends Maturity of Existing Debentures and Issues C$19 Million Additional 9% Debentures

Westport Completes Non-Dilutive, Non-Convertible Financing

Westport announces that it has extended the maturity date of its 9% unsecured subordinated non-convertible debentures formerly due September 22, 2014 to September 15, 2017; and secured an additional C$19 million in debentures on the same terms, bringing the total outstanding debentures to C$55 million.

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May 1, 2014

Westport Reports First Quarter Fiscal 2014 Financial Results

First Quarter Revenue Up 39% Year over Year, Step Change Improvement in Westport Operating Business Units’ Adjusted EBITDA

First Quarter Revenue Up 39% Year over Year, Step Change Improvement in Westport Operating Business Units’ Adjusted EBITDA

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April 25, 2014

Westport Publishes 2014 Annual Shareholder Meeting Results

Westport held its Annual and Special Meeting yesterday in Vancouver, British Columbia with 79% of outstanding shares represented by shareholders present or by proxy. Shareholders have approved all resolutions presented including the election of directors of Westport for the next year; the appointment of auditors for Westport for the next year (98% in favour); and the approval of amendments to By-Law No. 1 (98% in favour).

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April 24, 2014

Westport Announces First Quarter Fiscal 2014 Conference Call for Thursday, May 1, 2014

Westport will disclose its financial results for the first quarter ended March 31, 2014 on Thursday, May 1, 2014 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, May 1, 2014 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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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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