VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the s ...

Company Performance - Westport Innovations (WPRT) reported a quarterly loss of $0.14 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.47, and an improvement from a loss of $0.79 per share a year ago, indicating an earnings surprise of 70.21% [1] - The company posted revenues of $70.96 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.51%, and down from $77.57 million in the same quarter last year [2] - Over the last four quarters, Westport has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Outlook - Westport shares have declined approximately 19.1% since the beginning of the year, contrasting with the S&P 500's decline of -0.6% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.39 on revenues of $77.07 million, and for the current fiscal year, it is -$2.42 on revenues of $153.71 million [7] - The estimate revisions trend for Westport is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Westport belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. “We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing opera ...

VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq:WPRT), has entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. (the “Lock-Up Agreements”). "These Lock-Up A ...

VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or the "Company") announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668c ...

Westport Fuel Systems Inc. (WPRT) , a developer, manufacturer and supplier of advanced alternative fuel systems and components, is likely to gain from its portfolio of eco-friendly products. However, it lacks sufficient liquidity, and foreign exchange risk continues to be a headwind.Let’s see why you should retain this Zacks Rank #3 (Hold) stock in your portfolio.HPDI Volume, Contracts From European OEM Aid WestportWestport’s portfolio of eco-friendly products positions it to capitalize on climate change ma ...

WPRT registered consolidated revenues of $75.1 million, surpassing the Zacks Consensus Estimate of $72 million. The top line, however, fell from $87.2 million generated in the corresponding quarter of 2023. The company incurred an adjusted EBITDA loss of $1.8 million compared with a loss of $10 million recorded in the year-ago period. Segmental Takeaways From the third quarter of 2024, Westport has started reporting its results under four reportable segments: Cespira, Light-Duty, High-Pressure Controls and ...

Westport Fuel Systems Inc (WPRT) Q4 2024 Earnings Conference Call March 31, 2025 01:30 PM ET Company Participants Ashley - Vice President of Investor RelationsConference Call Operator - OperatorConference Call Operator - OperatorConference Call Operator - OperatorDan Selis - Chief Executive Officer and DirectorBill Larkin - Chief Financial Officer Conference Call Participants Chris Dendrinos - Analyst, RBC Capital MarketsEric Stein - Analyst, Craig Hallam Capital GroupRob Brown - Analyst, Lake Street Capita ...

Westport Innovations (WPRT) came out with a quarterly loss of $0.59 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.81 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -145.83%. A quarter ago, it was expected that this maker of natural-gas engine technology would post a loss of $0.41 per share when it actually produced a loss of $0.22, delivering a surprise of 46.34%. Ahead of this ...

EXHIBIT 99.1 Westport Reports Fourth Quarter and Full Year 2024 Results Improvement in key metrics drove net cash provided by operating activities of $7.2 million, which is a $20.4 million improvement over 2023 VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX: WPRT / Nasdaq: WPRT) today reported financial results for the fourth quarter and year ended December 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless oth ...