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Westport Fuel Systems Inc. (T:WPRT)

Business Focus: Engine & Powertrain Systems

Sector:  Consumer Cyclicals Industry:  Auto, Truck & Motorcycle Parts
See Regulatory Filings on SEDAR
Company Contact
Address: 101 - 1750 West 75th Avenue
Tel: 1-604-7182046
IR: See website
Key People
Brenda J. Eprile
Independent Chairman of the Board
David M. Johnson
Chief Executive Officer, Director
Richard J. Orazietti
Chief Financial Officer
James D. Arthurs
Executive Vice President
Bart van Aerle
Vice President Product and Business Strategy
Business Overview
Westport Fuel Systems Inc is a Canada-based inventor, engineer, manufacturer and supplier of advanced clean fuel systems and components. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers. Its subsidiaries design and manufacture a range of components injectors, electronic control units, valves and filters; sell mono-fuel, bi-fuel and dual-fuel diesel blend conversion kits, and also offer full engine management systems and solutions. The Westport Operations segment has a customer base in Europe and North America, as well as in Asia, South America, and Africa.
Financial Overview
For the three months ended 31 March 2021, WestportFuel Systems Inc revenues increased 14% to $76.4M. Net lossdecreased 79% to $3.1M. Revenues reflect OEM segmentincrease of 25% to $42.8M, CWI segment increase of 7% to$41.1M, IAM segment increase of 2% to $33.7M, Asia Pacificsegment increase of 71% to $9.2M, Europe segment increaseof 3% to $45.9M. Lower net loss reflects OEM segment lossdecrease of 55% to $6.5M.
Employees: 1,313 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $794.08M as of Mar 31, 2021
Annual revenue (TTM): $327.38M as of Mar 31, 2021
EBITDA (TTM): -$7.66M as of Mar 31, 2021
Net annual income (TTM): $5.99M as of Mar 31, 2021
Free cash flow (TTM): -$43.89M as of Mar 31, 2021
Net Debt Last Fiscal Year: $11.98M as of Mar 31, 2021
Shares outstanding: 147,848,018 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization