Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $6.95 USD
Change Today +0.32 / 4.83%
Volume 12.7K
FSYS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 1:35 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

fuel systems solutions inc (FSYS) Snapshot

Open
$6.60
Previous Close
$6.63
Day High
$6.98
Day Low
$6.10
52 Week High
12/30/14 - $11.88
52 Week Low
08/6/15 - $5.70
Market Cap
125.8M
Average Volume 10 Days
60.6K
EPS TTM
$-0.68
Shares Outstanding
18.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FUEL SYSTEMS SOLUTIONS INC (FSYS)

Related News

No related news articles were found.

fuel systems solutions inc (FSYS) Related Businessweek News

No Related Businessweek News Found

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 Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Full Year of 2015

Fuel Systems Solutions, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was $67,185,000 against $87,391,000 a year ago. Operating loss was $5,267,000 against $47,907,000 a year ago. Loss from operations before income taxes and non-controlling interest was $5,340,000 against $47,040,000 a year ago. Net loss attributable to the company was $5,998,000 against $44,190,000 a year ago. Diluted net loss per share attributable to the company was $0.32 against $2.20 a year ago. Total EBITDA (Non-GAAP) negative was $2,655,000 against total EBITDA (Non-GAAP) of $715,000 a year ago. Total adjusted EBITDA (Non-GAAP) was $819,000 against $2,071,000 a year ago. Total adjusted EBITDA (Non-GAAP) was $819,000 against $2,071,000 a year ago. For the six months, revenue was $130,478,000 against $168,687,000 a year ago. Operating loss was $9,719,000 against $50,190,000 a year ago. Loss from operations before income taxes and non-controlling interest was $8,817,000 against $48,785,000 a year ago. Net loss attributable to the company was $17,869,000 against $46,196,000 a year ago. Diluted net loss per share attributable to the company was $0.95 against $2.30 a year ago. Net cash used in operating activities was $11,839,000 against $2,493,000 a year ago. Purchase of equipment and leasehold improvements was $4,159,000 against $6,041,000 a year ago. Total EBITDA (Non-GAAP) negative was $3,272,000 against total EBITDA (Non-GAAP) of $2,322,000 a year ago. Total adjusted EBITDA (Non-GAAP) was $2,702,000 against $4,239,000 a year ago. Total adjusted EBITDA (Non-GAAP) was $2,702,000 against $4,239,000 a year ago. The company has reduced its 2015 revenue outlook to be in the range of between $270 million to $280 million, reflecting: Significant slowdown in Argentinian aftermarket activity due to market conditions and political uncertainty. Weaker than previously anticipated demand from aftermarket, OEM, compressor and new business lines despite the 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 growth in the APU market. 2015 gross margin in the range of 21% to 23%. Adjusted EBITDA outlook for 2015 of $5.0 million to $10.0 million, primarily reflecting a reduction in the outlook for results from operations due to increased automotive market weakness primarily in Argentina and certain European countries. The revisions to gross margin and Adjusted EBITDA outlooks reflect the decreased volume of revenue and changes in the business mix, offsetting the improvements from the 2014 and 2015 restructuring activities to date.

Fuel Systems Solutions, Inc. Announces Resignation of Andrea Alghisi as Interim Chief Operating Officer

On July 21, 2015, Andrea Alghisi notified management of Fuel Systems Solutions, Inc. that he would resign from his position as interim Chief Operating Officer as a result of his resignation as Managing Director of AlixPartners, LLP. During a transition period expected to continue through the end of the third quarter, Mr. Alghisi will continue to serve as interim Chief Operating Officer for the company in connection with the implementation of the company’s restructuring plan.

Fuel Systems Solutions, Inc. to Report Q2, 2015 Results on Aug 06, 2015

Fuel Systems Solutions, Inc. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 06, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FSYS:US $6.95 USD +0.32

FSYS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Landi Renzo SpA €0.77 EUR -0.0015
MFRI Inc $5.50 USD +0.10
Northwest Pipe Co $16.29 USD +0.58
US Auto Parts Network Inc $2.13 USD +0.0032
Westport Innovations Inc C$4.75 CAD +0.18
View Industry Companies
 

Industry Analysis

FSYS

Industry Average

Valuation FSYS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FUEL SYSTEMS SOLUTIONS INC, please visit www.fuelsystemssolutions.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.