Westport (WPRT) Tops Q1 EPS by 2c, Revenues Beat

Westport (NASDAQ: WPRT) reported Q1 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $73.2 million versus the consensus estimate of $65.39 million.

"Our Q1 2019 results are another validation of our strategy and reflect improved performance across all of our businesses," said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “Strong revenue gains versus both Q4 2018 and Q1 a year ago drove a positive adjusted EBITDA of $7.3 million compared to $0.2 million in Q4 2018 and negative $3.4 million a year ago. Our diversity of commercially available products applicable to the full range of transportation applications and available in markets around the world are the key to our improving results. Favourable macro-economic factors and stricter emissions regulations are driving OEM and consumer demand for our market-ready alternative fuel technologies."

For earnings history and earnings-related data on Westport (WPRT) click here.

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