Fuel Systems Solutions (FSYS) Posts Surprise Q2 Loss

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Go back to Fuel Systems Solutions (FSYS) Posts Surprise Q2 Loss

Fuel Systems Solutions Reports Second Quarter 2014 Results

August 18, 2014 6:29 AM EDT

Second Quarter Revenue of $87.4 Million

Adjusted EBITDA of $0.7 Million

Net Loss of $44.2 Million or $2.20 Per Share includes $43.2 Million, or $2.15 Per Share, Asset Impairment Charge (net of tax benefit)

NEW YORK, Aug. 18, 2014 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its second quarter ended June 30, 2014.

Mariano Costamagna, Fuel Systems' CEO, said, "Fuel Systems is undergoing a transition in our end markets requiring us to further distinguish our automotive product lines in our marketplaces and develop new products and... More