Wed, Mar. 11, 6:51 AM
- 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)
Wed, Mar. 11, 6:33 AM
Tue, Mar. 10, 5:30 PM
Nov. 6, 2014, 6:38 AM
Nov. 5, 2014, 5:30 PM
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Aug. 18, 2014, 3:57 PM
- Fuel Systems Solutions (FSYS -2.8%) is sharply lower after badly missing Q2 earnings estimates and cutting its revenue forecast for the year.
- FSYS, whose products allow vehicles to run on propane and natural gas, said it has lost customers in Europe, which contributes ~40% of its revenue; "where they've been historically strong has gotten weaker," Lake Street Capital analyst Robert Brown tells Reuters.
- While many of its peers are riding a recovery in the U.S. auto industry, FSYS and its European business is still playing catch-up after a euro-zone crisis that weakened automotive demand.
Aug. 18, 2014, 12:46 PM
Aug. 18, 2014, 6:34 AM
Aug. 17, 2014, 5:30 PM
May. 8, 2014, 6:33 AM| Comment!
May. 7, 2014, 5:30 PM
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Mar. 17, 2014, 9:23 AM
- Fuel System Solutions (FSYS) is downgraded by Lake Street Capital to a Hold rating from Buy.
- The ratings action continues a general cooling off on the stock from the analyst community.
- The maker of alternative fuel components lost a major customer recently and has struggled in Europe.
Mar. 14, 2014, 1:03 PM| Comment!
Mar. 14, 2014, 6:35 AM
Mar. 14, 2014, 12:05 AM
Mar. 13, 2014, 5:30 PM
FSYS vs. ETF Alternatives
Fuel Systems Solutions Inc manufactures & designs alternative fuel components & systems for use in transportation, industrial & power generation industries which control the pressure & flow of gaseous alternative fuels used in internal combustion engines.
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