Westport (WPRT) Misses Q3 EPS by 10c; Engages Advisors to aAdress Debt Financing Alternatives

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Go back to Westport (WPRT) Misses Q3 EPS by 10c; Engages Advisors to aAdress Debt Financing Alternatives

Westport Fuel Systems Reports Third Quarter 2016 Financial Results

November 9, 2016 4:08 PM EST

~ Executing on Key Deliverables;Taking Immediate Action on Portfolio Decisions ~

VANCOUVER, Nov. 9, 2016 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport Fuel Systems") (TSX:WPT / Nasdaq: WPRT) reported financial results for the third quarter ended September 30, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

KEY DELIVERABLES IN 2016

1.      Merger & Integration:Total annual savings and synergies are being realized through a combination of restructuring and reductions in manufacturing costs and operating expenses with full synergies on track to be achieved by 2018.... More