Westport Fuel Systems Inc. (T:WPRT)
Business Focus: Engine & Powertrain Systems
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| Company Contact | |
| Address: | 1691 West 75Th Avenue VANCOUVER BC V6P6G2 |
| Tel: | N/A |
| Website: | https://wfsinc.com |
| IR: | See website |
| Key People | ||
| Dan Sceli Chief Executive Officer, Director | William E. Larkin Chief Financial Officer | Nicola Cosciani Executive Vice President - Global Operations |
| Lance Follett Executive Vice President, Chief Legal Officer | Tim Smith Executive Vice President, Chief of Staff | |
| Business Overview |
| Westport Fuel Systems Inc. is focused on engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. Its product offerings sold under a range of established global brands enable the use of a number of alternative fuels in the transportation sector that provide environmental and/or economic advantages as compared to diesel, gasoline, batteries or fuel cell powered vehicles. Its fuel systems and associated components control the pressure and flow of alternative fuels, including liquid petroleum gas, compressed natural gas, liquified natural gas, renewable natural gas or biomethane, and hydrogen. The Company supplies its products in more than 70 countries through a network of distributors, service providers for the aftermarket and directly to original equipment manufacturers and Tier 1 and Tier 2 OEM suppliers. Its products and services are available for passenger car and light-, medium- and heavy-duty truck and off-road applications. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Westport Fuel Systems Inc revenues increased 9% to $331.8M. Net loss increased 52% to $49.7M. Revenues reflect OEM segment increase of 12% to $222.7M, IAM segment increase of 1% to $109.1M, Europe segment increase of 19% to $232.3M, Americas segment increase of 18% to $43.1M, Other segment increase of 9% to $13.3M. |
| Employees: | 1,715 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $142.30M as of Dec 31, 2023 |
| Annual revenue (TTM): | $456.72M as of Dec 31, 2023 |
| EBITDA (TTM): | -$40.45M as of Dec 31, 2023 |
| Net annual income (TTM): | -$68.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$39.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $7.53M as of Dec 31, 2023 |
| Shares outstanding: | 17,174,502 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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