- Fuel Systems Solutions (NASDAQ:FSYS) reports revenue increased 1.7% in Q4 if a negative F/X impact of $8.8M is backed out.
- Automotive operations revenue -5.0% to $61.2M with aftermarket and compressor sales up.
- Industrial operations revenue -14.2% to $24.2M.
- The company's gross margin rate improved 380 bps Y/Y to 22.8% during the quarter as workforce reduction factored in.
- Adjusted EBITDA flat vs. -$300K a year ago.
- Previously: Fuel Systems EPS in-line, beats on revenue (Mar. 11 2015)