Fuel Systems (FUEL $1.43 +0.08) reported second quarter earnings of
$0.19 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.13.
Revenues rose 16.8% year/year to $116.6 million versus the $92.4 million
consensus.
In fiscal year 2011, the company sees revenues falling in the range of $375
million to $400 million versus the $387.38 million Capital IQ Consensus
Estimate.
Additionally, company expects gross margin of 23-25% and 2011 operating margin
of 5-7%. The company's gross margin target continues to be in excess of 25% and
mid-teen EBITDA margins over the medium term.






