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Why Is Westport (WPRT) Down 30.5% Since Last Earnings Report?
ZACKS· 2025-09-10 16:30
Core Insights - Westport Innovations (WPRT) has experienced a significant decline of approximately 30.5% in share value over the past month, underperforming the S&P 500 index [1] Financial Performance - In Q2 2025, Westport reported a loss of $0.29 per share, aligning with the Zacks Consensus Estimate, compared to a loss of $0.43 in the same period last year [2] - The company achieved consolidated revenues of $88.9 million, surpassing the Zacks Consensus Estimate of $74 million and slightly increasing from $88.6 million in Q2 2024 [3] - Adjusted EBITDA loss was $1 million, an improvement from a loss of $2 million in the previous year [3] Segment Analysis - **Cespira**: Reported net sales of $12 million, missing the estimate of $17.7 million but increasing from $4.1 million in Q2 2024. The segment incurred an operating loss of $6.7 million, wider than the $2 million loss in the prior year [5] - **Light-Duty**: Net sales reached $76.4 million, up from $69.3 million in Q2 2024 and exceeding the estimate of $68.3 million. Gross profit increased to $15.1 million (20% of revenues) from $14.7 million (21% of revenues) year-over-year [6] - **High-Pressure Controls and Systems**: Net sales were $2.9 million, down from $3.6 million in the previous year but above the estimate of $2.3 million. Gross profit fell to $0.1 million (3% of revenues) from $1.1 million (31% of revenues) due to lower sales volume and increased material costs [7][8] - **Heavy-Duty OEM**: Net sales decreased to $9.6 million from $10.5 million year-over-year, although it exceeded the estimate of $3.7 million. Gross profit was $0.7 million (7% of revenues), down from $1.3 million in Q2 2024 [9] Financial Position - As of June 30, 2025, Westport had cash and cash equivalents of $6.06 million, a decrease from $14.75 million as of December 31, 2024. Long-term debt also decreased to $0.98 million from $2.93 million during the same period [10] Market Outlook - There has been a downward trend in estimates for Westport, indicating a potential shift in market sentiment. The company currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [11][13] Industry Comparison - Westport operates within the Zacks Automotive - Original Equipment industry. In contrast, American Axle & Manufacturing (AXL) has seen a 4.9% increase in share value over the past month, with reported revenues of $1.54 billion, reflecting a year-over-year decline of 5.9% [14]
Westport's Q2 Loss Meets Expectations, Revenues Rise Y/Y
ZACKS· 2025-08-19 15:00
Core Insights - Westport Fuel Systems Inc. (WPRT) reported a loss of 29 cents per share in Q2 2025, matching the Zacks Consensus Estimate, compared to a loss of 43 cents in the same period last year [1][10] - The company achieved consolidated revenues of $88.9 million, exceeding the Zacks Consensus Estimate of $74 million and slightly up from $88.6 million in Q2 2024 [2][10] Financial Performance - Adjusted EBITDA loss was $1 million, an improvement from a loss of $2 million in the prior year [2] - Cash and cash equivalents decreased to $6.06 million as of June 30, 2025, down from $14.75 million at the end of 2024 [9] - Long-term debt reduced to $0.98 million as of June 30, 2025, from $2.93 million at the end of 2024 [9] Segment Analysis - **Cespira**: Reported net sales of $12 million, below the estimate of $17.7 million but up from $4.1 million in Q2 2024; incurred an operating loss of $6.7 million, wider than the $2 million loss in the prior year [3][4] - **Light-Duty**: Net sales increased to $76.4 million from $69.3 million in Q2 2024, surpassing the estimate of $68.3 million; gross profit rose to $15.1 million (20% of revenues) from $14.7 million (21% of revenues) [5][10] - **High-Pressure Controls and Systems**: Net sales totaled $2.9 million, down from $3.6 million in the prior year but above the estimate of $2.3 million; gross profit fell to $0.1 million (3% of revenues) from $1.1 million (31% of revenues) [6][7] - **Heavy-Duty OEM**: Net sales decreased to $9.6 million from $10.5 million in the year-ago quarter, although it exceeded the estimate of $3.7 million; gross profit declined to $0.7 million (7% of revenues) from $1.3 million in Q2 2024 [8][10]