Fuel Systems Solutions (FSYS) Misses Q2 EPS by 22c
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Fuel Systems Solutions Reports Second Quarter 2015 Results
August 6, 2015 6:30 AM EDT2015 Restructuring Plan Execution Progressing, Generated $1.0M in Q2 Savings and Drove Improved Gross Margin
Industrial Division Renewed Key Contract; Automotive Infrastructure Unit Won New Multi-Year Contract
NEW YORK, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its second quarter ended June 30, 2015.
Q2 2015 Highlights
Revenue of $67.2 million compared to $87.4 million for Q2 2014; revenue down 11.1% or $9.7 million, excluding FX impact Gross profit margin 22.3% compared to 20.4% in Q2 2014 Adjusted EBITDA of $0.8 million compared to Adjusted EBITDA of $2.1 million... More