Fuel Systems Solutions (FSYS) Posts Q1 Loss of 10c/Share

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Go back to Fuel Systems Solutions (FSYS) Posts Q1 Loss of 10c/Share

Fuel Systems Solutions Reports First Quarter 2014 Results

May 8, 2014 6:30 AM EDT

First Quarter Revenue of $81.3 Million Adjusted EBITDA of $1.6 Million Renews Credit Facility, Expanding Capacity to $20.0 Million, Subsequent to Quarter-End

NEW YORK, May 8, 2014 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its first quarter ended March 31, 2014.

Mariano Costamagna, Fuel Systems' CEO, said, "First quarter 2014 results were largely as anticipated given, as we have already disclosed, reduced volumes from the conclusion of specific DOEM and OEM programs, highly competitive European aftermarkets, and product and customer transitions in mobile industrial engines. During the quarter, we won small contracts in industrial... More