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Westport Innovations beats by $0.02, beats on revenues

  • Westport Innovations (WPRT): Q1 EPS of -$0.38 beats by $0.02.
  • Revenue of $41.9M (+39% Y/Y) beats by $0.68M.
  • Press Release
Comments (4)
  • Vipertom
    , contributor
    Comments (167) | Send Message
     
    What is going on with WPRT? Cummins is off to the races, and WPRT stock goes backwards. All the talk about natural gas powered class 8 trucks seems to have disappeared. Anyone have any info how the natural gas powered garbage trucks are working out? They seemed to be the test group, since they return to a central location every night, so no need for extensive infrastructure like the over the highway trucks would need.
    2 May, 12:03 AM Reply Like
  • soundride
    , contributor
    Comment (1) | Send Message
     
    Knowing Cummins, and similar firms, they are likely sapping everything FROM Westport in terms of development burden and intellectual investment; and in return, offering them only the lowest of margin pricing on their purchases from Westport. I must say, I am not truly aware of the commercial Agreement(s) between the two. However, those who know the automotive/truck industry and related, also know that the Cummins' and Delco's of the world, really do tend to lord it over the smaller players.

     

    No matter WHAT actual value, technology, intellectual property, and overall product development contributions the smaller and/or developing firm brings to the table, the larger Cummins types try to usurp it. This usurping by the bigs normally occurs under the guise of the otherwise legitimate needs of QS/ISO-abcxyz Standards, exhaustive Producability Reviews, and iteration after iteration of Engineering Development and Engineering Change Review exchanges and procedures.

     

    All of this valuable input by the smaller firms is usually innocently provided at bargain basement pricing, with only the most escapable of promises by the bigs for prolonged future production involvement by the smaller firm. And who knows the TRUE nature of the Chinese firm's commercial "Agreement(s)" with Westport?

     

    How "profitable" will these large "bully firms" ALLOW Westport to be now and into the future? With development and production comes competition. The honeymoon between such "partners" often ends as soon as the development goes mainstream and alternative suppliers can then be developed. I certainly hope that Westport has MANY legally ironclad commercial safeguards in place with all of their "Partners". The attempt for those assurances is what often slows the development process down , more than the actual technologies and productions involved. Commercial TRUST problems, of recent decades, has slowed the advance of technology, systems, processes, and products in many arenas of the manufacturing industry sectors.

     

    Note: I am LEAP long on Westport, even though I have first hand experience with how these larger firms tend to deal with the smalls of the world.
    2 May, 04:52 AM Reply Like
  • sidgreen60
    , contributor
    Comments (21) | Send Message
     
    Growth In China will only continue as they need to move away from carbon fuels and use clean burning natural gas. At some point, Westport will break out or be bought out.
    2 May, 08:39 AM Reply Like
  • Krakin
    , contributor
    Comments (80) | Send Message
     
    All said above...Wprt has had and will continue to have a LONG HARD SLOG for the foreseeable future.lets face it , The U.S helped create the Middle East pariahs to fuel our thirst for oil . Now with the U.S awash with oil and gas of its own,Congress MUST cut the cord and support the conversion to nat gas as a transportation fuel.Its o.k. To let O.P.E.C wither on the vine ,because after all.....it's only business and economics...Period!!!
    2 May, 09:36 AM Reply Like
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