Core Viewpoint - Westport Fuel Systems Inc. has entered into lock-up agreements with shareholders representing approximately 2.0 million shares, or 11.4% of the outstanding shares, to support the sale of Westport Fuel Systems Italia S.r.l. [1][2] Transaction Overview - On March 31, 2025, Westport announced a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, to Heliaca Investments Coöperatief U.A. [3] - The base purchase price for the transaction is $73.1 million (€67.7 million), with potential earnouts of up to $6.5 million (€6.0 million) based on certain conditions [4] - The transaction is subject to shareholder approval and customary closing conditions, expected to close in late Q2 of 2025 [5] Financial Implications - Proceeds from the transaction are anticipated to enhance Westport's financial stability and support growth initiatives focused on decarbonizing mobility and industrial applications [6] - Post-closing, Westport plans to align its cost structure to reflect a smaller, more efficient organization while seeking further efficiency gains [6] Company Background - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, serving approximately 70 countries [7]

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 ...

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 otherwise stated. "The past year has been transformative for Westport as we ...

VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), has entered into a binding agreement (the "Agreement") to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, including the light-duty OEM, delayed OEM, and independent aftermarket businesses, to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. ("Heliaca Investments"), a Netherlands based invest ...

Core Viewpoint - Westport Fuel Systems Inc. will release its 2024 financial results on March 31, 2025, before market opening, followed by a conference call and webcast to discuss the results and corporate developments [1]. Group 1: Financial Results Announcement - The financial results for 2024 will be announced on March 31, 2025, prior to market opening [1]. - A conference call and webcast will take place on the same day to discuss the financial results and other corporate developments [1]. Group 2: Conference Call Details - The conference call is scheduled for 1:30 p.m. ET (10:30 a.m. PT) [2]. - Participants can register up to 60 minutes before the event through a provided link, receiving dial-in information and a unique PIN upon registration [2]. Group 3: Webcast Information - The webcast will be archived on Westport's website, with a replay available for later viewing [3]. Group 4: Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, including natural gas, renewable natural gas, propane, and hydrogen [4]. - The company focuses on delivering performance and fuel efficiency for transportation applications while addressing climate change and urban air quality challenges [4]. - Headquartered in Vancouver, Canada, Westport operates in Europe, Asia, North America, and South America, serving customers in approximately 70 countries [4].