Westport Fuel Systems (WPRT) Tops Q4 EPS by 3c

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Go back to Westport Fuel Systems (WPRT) Tops Q4 EPS by 3c

Westport Fuel Systems Reports Fourth Quarter and Full-Year 2021 Financial Results

March 14, 2022 5:00 PM EDT

VANCOUVER, British Columbia, March 14, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (WFS) (TSX:WPRT / Nasdaq: WPRT) today reported financial results for the fourth quarter and year ended December 31, 2021, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

FOURTH QUARTER 2021 HIGHLIGHTS

Revenue of $82.7 million, a decrease of 1% over the same period last year, reflecting manufacturing delays caused by the shortage of semiconductors in our heavy and light-duty businessesNet income of $5.3 million or $0.03 per share; Adjusted EBITDA1 was $10.0 million, or a $1.9 million improvement... More