WPRT Stock Recent News

Westport Innovations (WPRT) came out with a quarterly loss of $0.60 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.70 per share a year ago.

Shares rallied to new multi-month highs after the company disclosed a letter of intent to contribute its HPDI fuel system technology to a new joint venture with key customer Volvo Group. With Volvo expected to acquire 45% of the proposed joint venture for approximately $28 million, the company's HPDI assets would be valued at $62.2 million. Depending on the performance of the joint venture, Volvo has committed to invest up to an additional $45 million.

VANCOUVER, BC , July 17, 2023 /PRNewswire/ - Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT) announces it will release financial results for the second quarter of 2023 on Tuesday, August 8, 2023, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday August 9, 2023.

Westport (WPRT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Westport's (WPRT) HPDI fuel system technology, along with established distribution channels, is set to boost prospects. However, growing expenses are likely to dent margins.

Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Ashley Nuell - Senior Director, Investor Relations David Johnson - Chief Executive Officer Bill Larkin - Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Rob Brown - Lake Street Capital Markets Chris Dendrinos - RBC Capital Markets Amit Dayal - H.C. Wainwright Mahima Kakani - JPMorgan Mahima Kakani - JPMorgan Eric Stine - Craig-Hallum Jeff Osborne - TD Cowen Mac Whale - Cormark Securities Operator Thank you for standing by.

Westport generates an adjusted EBITDA of negative $4.5 million in Q1 compared with negative $6.1 million recorded in the year-ago period.

Westport Innovations (WPRT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.

VANCOUVER, British Columbia, April 19, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) announced today it will release financial results for the first quarter of 2023 on Monday, May 8 after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, May 9, 2023.

Last month, the company reported disappointing fourth quarter and full year 2022 results with both revenues and margins down year-over-year. Adjusted for one-time cash proceeds from the sale of intellectual property and the company's stake in the Cummins Westport joint venture, free cash flow was negative $46.1 million.