Westport Fuel Systems (US) ( (WPRT) ) has released its Q2 earnings. Here is a breakdown of the information Westport Fuel Systems (US) presented to its investors.
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Westport Fuel Systems Inc., a leading provider of alternative fuel systems and components for the global transportation industry, has reported its financial results for the second quarter of 2025, reflecting a strategic shift in its business operations. The company, headquartered in Vancouver, Canada, focuses on delivering clean, affordable transportation solutions through its innovative technologies.
In the latest earnings report, Westport highlighted its strategic transformation, marked by the divestiture of its Light-Duty Segment, which has strengthened its balance sheet and sharpened its focus on high-impact opportunities in commercial transportation and industrial applications. This move is intended to provide greater flexibility for innovation and potential strategic acquisitions.
Key financial metrics for the quarter showed a revenue decrease of 11% to $12.5 million, primarily due to reduced sales volumes in the High-Pressure Controls & Systems and Heavy-Duty OEM segments. The company reported a net loss from continuing operations of $5.1 million, contrasting with a net income of $4.1 million in the same period last year. Despite these challenges, adjusted EBITDA improved to negative $1.0 million from negative $2.0 million in 2024.
Westport’s future growth strategy centers on its Cespira joint venture and High-Pressure Controls & Systems business. Cespira is gaining traction in Europe with increased demand for its fuel systems, while the High-Pressure Controls & Systems segment is positioned to capitalize on the growing hydrogen market, particularly in China. The company plans to open a Hydrogen Innovation Center in China to support this growth.
Looking ahead, Westport remains committed to leading the transition to clean commercial transport and industrial power solutions. The company aims to leverage its core competencies and strategic partnerships to drive innovation and value for its stakeholders, while navigating the challenges of market expansion and achieving positive cash flow.