Last $9.91 USD
Change Today -0.11 / -1.10%
Volume 211.8K
FSYS On Other Exchanges
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As of 4:30 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

fuel systems solutions inc (FSYS) Snapshot

Open
$10.01
Previous Close
$10.02
Day High
$10.08
Day Low
$9.71
52 Week High
09/10/13 - $20.96
52 Week Low
06/4/14 - $9.25
Market Cap
199.2M
Average Volume 10 Days
184.6K
EPS TTM
$-0.91
Shares Outstanding
20.1M
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 use in the transportation, industrial, and power generation industries worldwide. The company operates through two segments, FSS Automotive and FSS Industrial. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of components, systems, and solutions, including fuel delivery products, such as pressure regulators, fuel injectors, and flow control valves and other components designed to control the pressure, flow, and/or metering of gaseous fuels; electronic controls comprising 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 that are integrated with its fuel delivery and electronic controls. It 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. The company sells its transportation products to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets; and industrial products to the manufacturers of industrial mobile and power generation equipment, stationary engines, and heavy duty trucks and buses. It offers 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.

1,700 Employees
Last Reported Date: 03/14/14
Founded in 1958

fuel systems solutions inc (FSYS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $667.2K
Chief Financial Officer
Total Annual Compensation: $366.5K
Global Operations and Supply Director
Total Annual Compensation: $318.8K
Compensation as of Fiscal Year 2013.

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, 2014; Provides Earnings Guidance for the Full Year 2014; Announces Impairment Charges for the Second Quarter Ended June 30, 2014

Fuel Systems Solutions, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenue for the second quarter of 2014 was $87.4 million compared to $111.1 million in the second quarter of 2013. Adjusted EBITDA for the second quarter of 2014 was $0.7 million, or 0.8% of revenue, compared to $7.3 million, or 6.6% of revenue, in the second quarter of 2013, primarily reflecting the abovementioned revenue and cost variances. Net loss for the second quarter of 2014 was $44.2 million, or $2.20 per diluted share, including the abovementioned impairment and long-lived asset charge, net of tax, of $43.2 million, or $2.15 per share. Excluding this charge, net loss for the second quarter of 2014 was $1.0 million, or $0.05 per diluted share, compared to net income of $2.6 million, or $0.13 per diluted share, in the second quarter of 2013. Operating loss was $47,907,000 against operating income of $4,821,000 a year ago. Loss from operations before income taxes and non-controlling interest was $47,040,000 against income from operations before income taxes and non-controlling interest of $3,939,000 a year ago. Total revenue for the first half of 2014 was $168.7 million compared to $209.7 million for the first half of 2013. Net loss for the first half of 2014 was $46.2 million, or $2.30 per diluted share, including the abovementioned goodwill and long-lived impairment charge, net of tax, of $43.2 million, or $2.15 per share. Excluding this charge, net loss for the first half of 2014 was $3.0 million, or $0.15 per diluted share, compared to a net income of $1.9 million, or $0.09 per diluted share, for the first half of 2013. Adjusted EBITDA for the first half of 2014 was $2.3 million compared to $11.7 million for the first half of 2013. Operating loss was $50,190,000 against operating income of $5,958,000 a year ago. Loss from operations before income taxes and non-controlling interest was $50,190,000 against income from operations before income taxes and non-controlling interest of $5,958,000 a year ago. Net used in operating activities was $2,493,000 against net cash provided by operating activities of $5,946,000 a year ago. Purchase of equipment and leasehold improvements was $6,041,000 against $3,991,000 a year ago. The company currently expects full year 2014 revenue to be in the range of between $335 million to $355 million, and has reduced its expectation for 2014 gross margin to a range of 19% to 21%, and its expectation for 2014 positive cash flow as defined by Adjusted EBITDA to between $4 million and $8 million. The Company expects its effective tax rate for 2014 should be lower than in 2013 resulting from the anticipated mix of business by tax jurisdiction. The Company recorded a non-cash goodwill and long-lived asset impairment charge of $44.3 million in the second quarter, comprised of a goodwill impairment of $39.9 million and a write-down of long-lived assets of $4.4 million.

Fuel Systems Solutions Seeking Acquisitions

Fuel Systems Solutions, Inc. (NasdaqGS: FSYS) has released its earnings for second-quarter of 2014. It continues to for possible merger and acquisition. The company will continue to invest in and develop our long-term growth opportunities to acheive growth in 2015 and beyond.

Fuel Systems Solutions, Inc. announced delayed 10-Q filing

On 08/11/2014, Fuel Systems Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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TEV/Sales 0.3x
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