Business
Westport Reports Fourth Quarter and Fiscal 2015 Financial Results
Westport Reports Fourth Quarter and Fiscal 2015 Financial Results Westport Reports...
About this update from Westport Fuel Systems, Inc.
[{"type":"text","content":"\n\n\n\nWestport Reports Fourth Quarter and Fiscal 2015 Financial Results\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nWestport Reports Fourth Quarter and Fiscal 2015 Financial Results\nCanada NewsWire\nVANCOUVER, March 29, 2016\n\n\n\n\n~Westport Consolidated Adjusted EBITDA improved 54% over the prior year\n and 47% over the prior quarter~\n\n\nVANCOUVER, March 29, 2016 /CNW/ - Westport Innovations Inc. (TSX:WPT /\n NASDAQ:WPRT), engineering the world's most advanced natural gas engines\n and vehicles, today reported financial results for the year ended\n December 31, 2015 and provided an update on operations. All figures are\n in U.S. dollars unless otherwise stated.\n\n\n\"Westport achieved its four major goals for 2015 and we believe we are\n well positioned for 2016, despite continued turbulence in global energy\n markets, as we transition from an R&D and market creation company to a\n profitable, growing operating business,\" said David Demers, CEO of\n Westport. \"We reset our product investment programs with our global\n original equipment manufacturer (\"OEM\") partners and concluded\n commercial terms for Westport™ HPDI 2.0 launch with our lead customer.\n We rationalized and consolidated our current product portfolio for cost\n reduction and margin improvement. This element of our strategy will be\n considerably expanded with our anticipated merger with Fuel Systems\n Solutions, Inc. (\"Fuel Systems\"), of course. We have previously\n announced non-core asset sales as part o...