Fuel Systems Solutions (FSYS) Reports In-Line Q4 EPS; Announces Restructuring Plan
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Fuel Systems Solutions Reports Fourth Quarter and Year End 2014 Results
March 11, 2015 6:30 AM EDTNEW YORK, March 11, 2015 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its fourth quarter and year ended December 31, 2014.
Highlights
Q4 2014 Revenue of $85.4 million compared to $92.6 million for Q4 2013; revenue up 1.7% excluding FX impact Q4 2014 Gross profit margin 22.8% compared to 19.0% in Q4 2013 Q4 2014 Adjusted EBITDA of $0.0 million compared to a loss of $0.3 million for Q4 2013 Restructuring plan to reduce cost base and increase manufacturing efficiency planned to be substantially complete by year-end 2017 with anticipated annualized benefits of approximately $25.0 million Share repurchase program has retired... MoreFuel Systems Solutions Reports Fourth Quarter and Year End 2014 Results
March 11, 2015 6:30 AM EDTNEW YORK, March 11, 2015 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its fourth quarter and year ended December 31, 2014.
Highlights
Q4 2014 Revenue of $85.4 million compared to $92.6 million for Q4 2013; revenue up 1.7% excluding FX impact Q4 2014 Gross profit margin 22.8% compared to 19.0% in Q4 2013 Q4 2014 Adjusted EBITDA of $0.0 million compared to a loss of $0.3 million for Q4 2013 Restructuring plan to reduce cost base and increase manufacturing efficiency planned to be substantially complete by year-end 2017 with anticipated annualized benefits of approximately $25.0 million Share repurchase program has retired... More