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Fuel Systems Solutions, Inc. Message Board

  • bluebloodedtrader bluebloodedtrader Nov 9, 2012 8:38 AM Flag

    some good news

    FSYS would of been much more profitable if it hadn't had some one time issues occurr that were out of its control. The company had foreign currentcy losses, inventory writedown charges and a150% income tax rate. The company was able to reel in its SG&A costs form 15% to 13.2% and is confident a big chunk of GM work will be released very shortly, so all is not bad.By the way, Does anyone know how much the charge off on inventory writedown was?

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