Fuel Systems Solutions (FSYS) Reports Q1 Loss of $0.36/Share
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Fuel Systems Solutions Reports First Quarter 2016 Results
May 9, 2016 6:30 AM EDTNEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its first quarter ended March 31, 2016.Â
Highlights
Revenue of $56.1 million compared to $63.3 million for Q1 2015; revenue down 5.9% or $3.8 million, excluding foreign exchange impactGross profit margin of 26.1% compared to 22.9% in Q1 2015Adjusted EBITDA of $1.1 million compared to Adjusted EBITDA of $1.9 million for Q1 2015Mariano Costamagna, Fuel Systems Solutions, Inc. (Fuel Systems or FSS) CEO, said, Our first quarter results reflect continued pressures in the Automotive segment, the success of... More
