Fuel Systems Solutions (FSYS) smashed Wall St EPS estimates of .92/share by reporting $1.59/share, which is a nearly 300% increase over the year ago quarter. Revenues were also impressive, more than doubling from the year ago quarter to $161.70 million. The company did say after it’s last earnings report that they did expect another strong quarter due to a surge in demand because of expiring Italian subsidies for CNG vehicles, but that it would be … Read the rest
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Needham Maintains Buy On Fuel Systems Solutions (FSYS), But Slashes PT
Needham is out with a call following Fuel System Solutions (FSYS) earnings and is maintaining its Buy rating but is slashing the price target from $55 to $35.
Hat tip to Street Insider for the following analyst comment:
“FSYS reported a blowout Q4 with both rev and EPS well ahead of earlier estimates but in-line with pre-announcement. Stronger rev. led by higher growth in the transportation segment (up 95% y-o-y), mainly from the Italian market. … Read the rest
Fuel Systems Solutions (FSYS) Reports Strong Quarter, Beats Estimates On Strong Italian Demand
Fuel Systems Solutions (FSYS) has reported impressive quarterly results this morning, beating analyst estimates in the process. The company reported an EPS of $1.12 (vs estimates of .98/share) on revenues of $163.7 million (vs estimates of $158.7 million). That’s nearly a double in revenues over the year ago quarter and represents the 3rd straight sequential improvement. On the EPS side, the number improved many times over from the year ago quarter when the company … Read the rest
Fuel Systems Solutions (FSYS) Raises Guidance
Fuel Systems Solutions (FSYS) is issuing preliminary results this morning ahead of previous expectations and now expects full year 2009 revenue of about $450 million vs the previous estimate of $415 – $425. Gross margins are seen at the higher end of the 30 – 32% range.
Fuel Systems will report earnings March 4th.
CEO Mariano Costamagna commented, “Our business gained momentum in the fourth quarter of 2009, benefiting from the uncertain future of the … Read the rest
Copenhagen Climate Change Conference Play – Fuel Systems Solutions (FSYS)
This post is brought to you by Cabot Green Investor and republished with permission. Cabot Green Investor is one of the top green stock publications available.
This week marked the start of a global meeting on climate change in Copenhagen, with nearly 200 nations trying to reach an agreement on this contentious issue. The delegates attending the summit will have until December 18 to discuss things like cuts on greenhouse gas emissions, particularly from … Read the rest
Canaccord Adams Maintains Fuel Systems (FSYS) Buy Rating, Raises Price Target
Canaccord Adams is also maintaining its Buy rating on Fuel Systems Solutions (FSYS) and raising the price target from $40 to $48 following yesterday’s earnings
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Hat tip to StreetInsider.com for the following analyst comment:
“Incrementally positive. Delayed OEM (DOEM) momentum continues unabated (vehicle throughput +25% Q/Q), more than offsetting expected weakness in Industrial. The strength translated into higher guidance for the second consecutive quarter…The leverage in the model is clearly impressive, as DOEM volumes … Read the rest
Fuel Systems Solutions (FSYS) Smashes Estimates, Breaks Out With 25% Gain
Fuel Systems Solutions (FSYS) smashed Wall St estimates this morning by reporting quarter over quarter revenue and earnings growth of 10% and 5% respectively. The company posted .77/share which was well ahead of the estimate of .43/share on revenues of $116.2. The company also raised guidance for the full year 09. The company sees revenues in the range of $415 – 425 million vs the Wall St estimate of $380.
CEO Mariano Costamagna commented on … Read the rest
Fuel Systems Solutions (FSYS) Subsidiary IMPCO Receives EPA And CARB Approval
Fuel Systems Solutions just announced that propane and gasoline GM industrial engines produced by its subsidiary, IMPCO, have been approved by both the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA).
In a press release, Peter Chase, IMPCO’s COO, described what IMPCO will be offering industrial customers in 2010″
“Our GFI brand acquisition combines the industry’s most proven industrial propane fuel injection platform with the largest independent emissions certified engine … Read the rest
Fuel Systems Solutions (FSYS) Lines Up Automotive Fleet Customers in US
Fuel Systems Solutions has announced that they are in the process of lining up automotive fleet customers for their EPA-certified bi-fuel systems. Initial customers who have placed orders include energy companies like Chesapeake Energy Corporation, Apache Corporation, Anadarko Energy, DCP Midstream Partners, Laredo Energy and National Oilwell Varco. They also have orders from as well as state and municipal organizations in Texas and Oklahoma, including the Texas Department of Transportation, the Railroad Commission of Texas … Read the rest
Fuel Systems Solutions (FSYS) Beats, Guides Higher, Up 10% AH
Not a real impressive quarter out of FSYS after the bell today, but in this environment all you need to do is beat low expectations, guide in line or higher and the stock is usually off to the races. No exception here. The company beat analyst estimates by .14/share, posting .46/share which is a 15% decrease from the year ago quarter. Revenues were off 6% over the year ago period, but also beat estimates with … Read the rest