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News Tagged with "Financial"

November 9, 2016

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Westport Fuel Systems Reports Third Quarter 2016 Financial Results

Executing on Key Deliverables - Taking Immediate Action on Portfolio Decisions

Westport Fuel Systems Inc. reports financial results for the third quarter ended September 30, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

November 7, 2016

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Westport Fuel Systems Announces TSX Ticker Symbol Change To “WPRT”

Aligning the company’s Canadian and U.S. Trading Symbols

Westport Fuel Systems Inc. today announced that effective at the opening of trading on Thursday, November 10, 2016, shares of Westport Fuel Systems will commence trading on the Toronto Stock Exchange (“TSX”) under the symbol “WPRT”.

November 2, 2016

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Westport Fuel Systems To Announce Third Quarter Results On Wednesday, November 9, 2016

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the third quarter ended September 30, 2016 on Wednesday, November 9, 2016 after market close. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Wednesday, November 9, 2016 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

August 22, 2016

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Westport Fuel Systems to Sell Portion of Joint Venture Interest for Approximately $11 Million

Company remains committed to Chinese market & continues to advance Westport™ HPDI 2.0 program

Westport Fuel Systems announced that it has entered into agreements to sell an 11.7% interest in the Weichai Westport Inc. joint venture for gross proceeds of 48.2 million RMB (approximately US$7.2 million) to Weichai Holding Group Co., Ltd. and an additional undisclosed purchaser. Associated with the sale, Westport Fuel Systems will also receive a dividend payment of 23.8 million RMB (approximately US$3.5 million) from the joint venture, generating total gross proceeds of 72.0 million RMB (approximately US$10.7 million).

August 9, 2016

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Westport Fuel Systems Reports Second Quarter 2016 Financial Results

Key Deliverables Set for 2016, Portfolio Review Underway

Westport Fuel Systems reports financial results for the quarter ended June 30, 2016. The quarter and year-to-date results for the period ended June 30, 2016 include one month of the former Fuel Systems Solutions results following completion of the merger that closed on June 1, 2016. All figures are in U.S. dollars unless otherwise stated.

August 2, 2016

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Westport Fuel Systems to Announce Second Quarter Results on Tuesday, August 9, 2016

VANCOUVER, BC – Westport Fuel Systems Inc. announces it will disclose its financial results for the second quarter ended June 30, 2016 on Tuesday, August 9, 2016 before market open. To coincide with the disclosure, Westport has also scheduled a conference call for Tuesday, August 9, 2016 at 7:00 am Pacific Time (10:00 am Eastern Time).

August 1, 2016

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Westport Fuel Systems Completes Sale of Non-Core Assets for Over $12 Million

Post-merger consolidation quickly underway. Customer programs to proceed on schedule.

Westport Fuel Systems announces initial post-merger actions targeted at consolidating operations and driving efficiencies while maintaining ability to deliver OEM customer programs on schedule. Included in these efforts is the sale of non-core assets that unlock invested capital without disrupting delivery of OEM customer programs.

June 1, 2016

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Westport Completes Merger with Fuel Systems

Combination creates innovative, global leader in alternative fuel, engine and vehicle sector

Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.

May 26, 2016

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Westport Announces Exchange Ratio for Merger Agreement with Fuel Systems

Compelling merger edges closer to completion

The final exchange ratio has been determined for the proposed business combination (the “Merger”) with Fuel Systems. Assuming the Merger closes as anticipated on June 1, 2016, Fuel Systems stockholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned upon completion of the Merger.

May 12, 2016

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Westport Reports First Quarter 2016 Financial Results

Positive Adjusted EBITDA in Q1 2016 for Westport Operations, Fuel Systems Stockholder Meeting Scheduled for May 31, 2016

Westport reports financial results for the quarter ended March 31, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.