Core Viewpoint - Westport Fuel Systems Inc. is positioned to benefit from its eco-friendly product portfolio, particularly its HPDI fuel system, but faces challenges related to liquidity and foreign exchange risks [1][5][6]. Group 1: Product and Market Position - Westport's HPDI fuel system allows diesel engines to operate with clean-burning fuels, aligning with global climate change mandates and enhancing its market position in green transportation solutions [2]. - The formation of Cespira, a joint venture with Volvo, aims to accelerate the commercialization of HPDI technology, which is expected to drive significant revenue growth [2][4]. - In 2022, Westport secured two programs from a European OEM to develop LPG systems, projected to generate nearly EUR255 million in revenues through 2028, with Euro 6 deliveries starting in Q1 2024 [3]. Group 2: Financial Challenges - Westport is experiencing ongoing operating losses and lacks sufficient liquidity to meet its capital expenditures and debt obligations over the next 12 months, raising concerns about its financial viability [5]. - The company incurs many expenses in Canadian dollars and euros, exposing it to foreign exchange risks that could negatively impact its margins and financial metrics [6]. Group 3: Strategic Moves - The sale of Westport's light-duty business is intended to strengthen its balance sheet and allow for a more focused strategy on HPDI technology and high-pressure controls, which are seen as areas with strong growth potential [4].

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 ...

Financial Performance - Westport Innovations reported a quarterly loss of $0.59 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.24, representing an earnings surprise of -145.83% [1] - The company posted revenues of $75.1 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 4.11%, but down from $87.2 million in the same quarter a year ago [2] - The current consensus EPS estimate for the upcoming quarter is -$0.33 on revenues of $71.88 million, and for the current fiscal year, it is -$0.63 on revenues of $295.01 million [7] Market Performance - Westport shares have increased by approximately 7.8% since the beginning of the year, contrasting with the S&P 500's decline of -5.1% [3] - The company's Zacks Rank is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Outlook - The Automotive - Original Equipment industry, to which Westport belongs, is currently ranked in the bottom 49% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Westport's stock performance [5]

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].

Company Announcement - Westport Fuel Systems Inc announces the appointment of Carlos Gonzalez as President and CEO of Cespira, its High Pressure Direct Injection (HPDI) joint venture with Volvo Group, effective April 1, 2025 [1] - Carlos Gonzalez succeeds Dan Sceli, CEO of Westport, who held the position on an interim basis since the joint venture transaction closed in June 2024 [1] - Dan Sceli will continue to serve on Cespira's board [1] Leadership and Expertise - Carlos Gonzalez brings over 24 years of experience in the automotive and commercial vehicle industry across Europe [3] - He spent the last 12 years at ZF Group, a global technology leader in advanced mobility solutions, where he served as Vice President and Global Key Account Executive for the TRATON Group [3] - His career includes significant tenures at General Dynamics ELS, Continental AG, and Lear Corporation [3] - Carlos holds engineering degrees from Universitat Rovira i Virgili and Universidad Europea de Madrid, and executive training from Duke University (MBA), Insead Business School (HILP), and IESE Business School (PADE) [4] Strategic Vision - Carlos Gonzalez's leadership and expertise in business development and supply chain management are expected to drive Cespira's growth and success [2] - His passion for sustainability and innovation aligns with Westport's commitment to delivering transformative solutions for hard-to-decarbonize transportation applications [2] - Carlos aims to focus on customer satisfaction, environmental sustainability, and fleet efficiency to meet the evolving needs of the industry [2] Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry [5] - The company's technology delivers the performance and fuel efficiency required by transportation applications while addressing climate change and urban air quality challenges [5] - Headquartered in Vancouver, Canada, Westport operates in Europe, Asia, North America, and South America, serving customers in over 70 countries [5]

Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen [2] - The company is headquartered in Vancouver, Canada, and operates in Europe, Asia, North America, and South America, serving customers in over 70 countries [2] Leadership Changes - Brenda Eprile has retired from Westport's Board of Directors effective January 6, 2025, and the Board is evaluating alternatives for appointing an independent director to fill the vacancy [1] - The Board Chair, Dan Hancock, expressed gratitude for Brenda's exceptional leadership and dedication during her 11-year tenure [2]