WESTPORT FUEL SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS

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Go back to WESTPORT FUEL SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS

Westport (WPRT) Misses Q4 EPS by 1c, Revenues Beat

March 17, 2020 4:34 PM EDT

Westport (NASDAQ: WPRT) reported Q4 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $74.3 million versus the consensus estimate of $70.26 million.

KEY ACCOMPLISHMENTS

Transportation revenue grew to $305 million, up 13% over 2018 and 33% since 2017.Adjusted EBITDA of $28 million compared with $10 million in 2018, nearly a 200% increase.

"2019 was a pivotal year for Westport Fuel Systems. We continued our trend of year-over-year financial improvements to both our top- and bottom-lines.... More