Fuel Systems Solutions (FSYS) Misses Q1 EPS by 50c
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Fuel Systems Solutions Reports First Quarter 2015 Results
May 7, 2015 6:30 AM EDTNEW YORK, May 7, 2015 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its first quarter ended March 31, 2015.
Highlights
Q1 2015 Revenue of $63.3 million compared to $81.3 million for Q1 2014; revenue down 10.6% or $8.7 million excluding FX impact Q1 2015 Gross profit margin 22.9% compared to 21.4% in Q1 2014 Q1 2015 Adjusted EBITDA was $1.9 million compared to $2.2 million for Q1 2014 Share repurchase program has acquired 1,424,814 shares of common stock through May 1, 2015 Extension and expansion of credit facility completed; term extended one year with facility capacity expanded to $30.0... MoreFuel Systems Solutions Reports First Quarter 2015 Results
May 7, 2015 6:30 AM EDTNEW YORK, May 7, 2015 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its first quarter ended March 31, 2015.
Highlights
Q1 2015 Revenue of $63.3 million compared to $81.3 million for Q1 2014; revenue down 10.6% or $8.7 million excluding FX impact Q1 2015 Gross profit margin 22.9% compared to 21.4% in Q1 2014 Q1 2015 Adjusted EBITDA was $1.9 million compared to $2.2 million for Q1 2014 Share repurchase program has acquired 1,424,814 shares of common stock through May 1, 2015 Extension and expansion of credit facility completed; term extended one year with facility capacity expanded to $30.0... More