BNET Industries
Market Cap:$726.6M
Last Fiscal Year Sales:$220.8M
- Public
- US
Dow Jones Description
Fuel Systems Solutions, Inc. is the holding entity for BRC S.r.L., based in Cherasco, Italy, and IMPCO Technologies, based in Santa Ana, California. Both entities are engaged in designing, manufacturing, marketing and supplying advanced products and systems to enable internal combustion engines to run on clean burning gaseous fuels such as natural gas and propane. BRC is a recognized leader in the light duty and automobile alternative fuel sectors.
Chief Executive Officer & Board of Directors
Mariano CostamagnaNumber of Employees 845
Contact Information
3030 South Susan Street
Santa Ana, California 92704-6435
(714) 656-1200
Peer Companies
NAICS Code All Other Motor Vehicle Parts Manufacturing: 336399
Recent Events
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Canaccord Adams Maintains a 'Buy' on Fuel Systems Solutions FSYS; Raises PT & Estimates
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Fuel Systems Rockets Higher: Wish We Had More Exposure
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Technical formation leads to mixed investor sentiment for auto parts specialist
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Canaccord Adams Lifts Price Target on Fuel Systems FSYS to $40
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Fuel Systems Solutions' Subsidiary IMPCO Receives Regulatory Approval for the 2010...
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Fuel Systems Solutions Reports Second Quarter 2009 Results
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Fuel Systems Solutions completes Teleflex buy
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Fuel Systems Solutions completes acquisition of Teleflex Inc.'s Power Systems Business
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Fuel Systems Solutions to Buy Teleflex Alt-Fuel Unit
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United Rentals acquires Industrial Rental Company in Ohio
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Fuel Systems Solutions Agrees to Acquire Teleflex Incorporated's Power Systems Business for $14.5 Million
News & Analysis
Filter by
earnings and fuel systems solutions inc. - All News and Analysis
Fuel Systems Solutions Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. Your first question comes from Rob Brown – Craig-Hallum Capital. Robert Brown – Craig-Hallum Capital Could you provide some more detail on the Teleflex acquisition? How long will it take you to kind of get this integrated and in general, do you...
Fuel Systems Solutions, Inc. Q4 2008 Earnings Call Transcript
Earnings Call ExcerptFuel Systems Solutions, Inc. FSYS Q4 2008 Earnings Call March 6, 2009 1:00 pm ET Executives Mariano Costamagna – Chief Executive Officer Matthew Beale – President Bill Larkin – Chief Financial Officer Analysts Mark Siegel - Canaccord Adams Robert Brown – Craig-Hallum...
Fuel Systems Solutions, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions The first question comes from Robert Brown – Craig-Hallum Capital. Robert Brown – Craig-Hallum Capital You talked about some of the near term uncertainty. Can you give a sense for what you have seen thus far in Q4 and how the trends kind...
Fuel Systems Solutions: Third Quarter Blowout Is an Understatement
Mark Krieger submits: Fuel Systems Solutions FSYS didn't just manage to crush third quarter earnings estimates, it obliterated them. Sales rose an astounding 62% from $65 million to $106 million, and earnings jumped from a loss of $359,000 to a gain of $18 million or 75 cents a share. The...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bill Larkin | Chief Accounting Officer & Corporate Controller |
| Thomas M. Costales | Chief Financial Officer, Treasurer & Secretary |
| Matthew Beale | Vice President, Business Development |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Mariano Costamagna | Chief Executive Officer & Board of Directors |
| William J. Young | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| IMPCO Technologies, Inc. | CEO | Current |
| Fuel Systems Solutions Inc. | Chief Executive Officer & Board of Directors | Current |
| IMPCO Technologies, Inc. | Board of Directors | Current |
Bill E. Larkin resigned as Chief Financial Officer in May 2009, will remain as a member of the management team and will assist with the transition of his former duties until July 2009. Mr. Larkin served as chief financial officer since May 2008 and corporate controller and chief accounting officer since November 2006. Prior to his positions at Fuel Systems, Mr. Larkin served as director of financial reporting at Standard Pacific Corp. from July 2003 to November 2006, where he was responsible for Securities and Exchange Commission reporting and Sarbanes Oxley Act Section 404 compliance. Prior to Standard Pacific, he served as an auditor at Deloitte & Touche LLP, based in Los Angeles, which he joined in 1997. He earned a Bachelor of Science degree in accounting from the University of Southern California and is a certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Fuel Systems Solutions Inc. | Chief Accounting Officer & Corporate Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Fuel Systems Solutions Inc. | Chief Financial Officer, Treasurer & Secretary | Current |
| IMPCO Technologies, Inc. | CFO, Treasurer & Secretary | Former |
Matthew Beale became president and secretary in May 2008 and assumed the chief financial officer responsibilities in May 2009, after serving as vice president of business development since February 2007. Prior to joining Fuel Systems, Mr. Beale served as managing director for CVS Partners, a corporate advisory firm focused on mergers, acquisitions and financings, based in Milan and London, starting in 2005. From 2000 to 2004, he served as vice president in the Milan office of Citigroup, providing corporate finance advisory services for private bank clients. Previously, his career included mergers and acquisitions and acquisition finance positions with JP Morgan in Milan and London. He earned a Bachelor of Arts degree in English from London University and a diploma in accounting and finance from the London School of Economics, as well as a Master of Business Administration from Instituto de Estudios Superiores de la Empresa (IESE), Barcelona, Spain. His foreign language proficiency includes Italian and Spanish.
| Organization | Position | Status |
|---|---|---|
| Fuel Systems Solutions Inc. | Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Lithia Motors, Inc. | Board of Directors | Current |
| Fuel Systems Solutions Inc. | Board of Directors | Current |
| Volkswagen of America, Inc. | President and Chief Executive Officer | Former |
| J.D. Power and Associates | Executive Director | Former |
Executive News
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Fuel Systems Solutions to Present at Upcoming Conferences in September
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