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Last $8.39 USD
Change Today -0.14 / -1.64%
Volume 95.3K
FSYS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

fuel systems solutions inc (FSYS) Snapshot

Open
$8.51
Previous Close
$8.53
Day High
$8.62
Day Low
$8.26
52 Week High
12/30/14 - $11.88
52 Week Low
10/27/14 - $8.00
Market Cap
156.7M
Average Volume 10 Days
122.8K
EPS TTM
$-1.67
Shares Outstanding
18.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FUEL SYSTEMS SOLUTIONS INC (FSYS)

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fuel systems solutions inc (FSYS) Details

Fuel Systems Solutions, Inc. designs, manufactures, and supplies alternative fuel components and systems for transportation, industrial, and refueling applications worldwide. It operates through two segments, FSS Industrial and FSS Automotive. The company’s components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. It offers a range of components, systems, and solutions, including fuel delivery products comprising pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow to meet manufacturers’ engine requirements; and gaseous fueled internal combustion engines, which are integrated with its fuel delivery and electronic controls. The company also provides systems integration support services to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; auxiliary power systems for truck and diesel locomotives; and natural gas compressors and refueling systems for light and heavy duty refueling applications. It serves manufacturers of industrial mobile and power generation equipment, stationary engines, and heavy duty trucks and buses; and automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets. The company sells its products through a network of distributors and dealers, as well as through a sales force network. Fuel Systems Solutions, Inc. was founded in 1958 and is based in New York, New York.

1,500 Employees
Last Reported Date: 03/12/15
Founded in 1958

fuel systems solutions inc (FSYS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $639.3K
Chief Financial Officer
Total Annual Compensation: $363.6K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $298.3K
Executive Director of Automotive Sales & Mark...
Total Annual Compensation: $218.2K
Compensation as of Fiscal Year 2014.

fuel systems solutions inc (FSYS) Key Developments

Fuel Systems Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Fuel Systems Solutions, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of USD 63.292 million compared to USD 81.296 million a year ago. Operating loss was USD 4.452 million compared to USD 2.282 million a year ago. Loss from operations before income taxes and non-controlling was USD 3.476 million compared to USD 1.744 million a year ago. Net loss was USD 1.182 million compared to USD 2.004 million a year ago. Net loss attributable to the company was USD 11.870 million compared to USD 2.006 million a year ago. Basic and diluted loss per share wad USD 0.62 compared to USD 0.10 a year ago. Net cash used in operating activities was USD 10.889 million compared to net cash provided by operating activities of USD 3.319 million a year ago. Purchase of equipment and leasehold improvements was USD 1.787 million compared to USD 3.645 million a year ago. Purchase of investments was USD 6.000 million. Non-GAAP LBITDA was USD 0.617 million compared to non GAAP EBITDA of USD 1.609 million a year ago. Non-GAAP adjusted EBITDA was USD 1.883 million compared to USD 2.170 million a year ago. The company has reduced its 2015 revenue to be in the range of between USD 290 million to USD 300 million, reflecting: an incremental negative impact of approximately USD 5.0 million from foreign exchange translation reflecting current strengthening of the US dollar. Slower than previously anticipated growth from OEM, aftermarket and new business lines combined with continued maintenance of the Company's automotive market share amid slower market demand, in part due to challenging economic conditions and persistent aggressive competition in the global transportation market, as well as lower oil prices. Continued lower demand and continued high competition for mobile Industrial equipment partially offset by modest growth in the APU market. 2015 gross margin remains unchanged in a range of 22% to 24%. Adjusted EBITDA outlook for 2015 is expected of USD 10.0 million to USD 15.0 million, and comprised of: approximately a USD 6.5 million reduction in the outlook for results from operations due to increased automotive market weakness and increased costs related to the previously announced management changes, offset by. The company continues to anticipate a net increase in expenses in 2015, as a result of the costs associated with the program.

Fuel Systems Solutions, Inc. Announces Executive Changes

Mariano Costamagna, CEO of Fuel Systems Solutions, Inc. announced that he plans to retire from this position by the end of 2015 after ten years of service to the company. To facilitate an orderly transition process, Mr. Costamagna will continue to serve until a successor is named and the CEO transition is complete. Mr. Costamagna will continue to serve as a member of the board of directors. Mr. Costamagna has enjoyed a career of nearly 40 years as a leader in alternative fuel systems. Andrea Alghisi from AP Services, LLC, is assuming the role of interim COO, effective immediately. Mr. Alghisi brings over 20 years of professional experience dedicated to leading turnaround, performance improvement and growth strategy programs in the automotive and industrial goods industries.

Fuel Systems Solutions, Inc., Q1 2015 Earnings Call, May 07, 2015

Fuel Systems Solutions, Inc., Q1 2015 Earnings Call, May 07, 2015

 

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