November 13, 2012
Customized training solutions
company GP Strategies Corp. (GPX
recently reported financial results for its quarter ended
September 30th, posting revenue of $99.7 million versus $88.9
million for same quarter of 2011.
EBITDA was reported of $10.4
million for the quarter compared to $9.4 million for third
quarter of 2011, while diluted earnings were reported at $0.32
per share compared to $0.24 for 2011’s third quarter.
Company CEO Scott Greenberg
commented, "GP Strategies continued to achieve strong organic
growth in the quarter due to the strengthening and expansion of
our platform. We are seeing increased collaboration across the
company to provide integrated offerings that meet our clients'
training and performance improvement needs. In addition, our
recent acquisitions demonstrate our continued deployment of
operating cash flow to further enhance our platform of services
and products. We are very excited about our acquisition of
BlessingWhite which strengthens our ability to deliver
comprehensive leadership and professional development services
to customers on a global basis."
Strategies (approx market cap. US$ 393.8 mil.) provides
customized training solutions focused on performance improvement
initiatives primarily in the United States and the United
Kingdom. It serves companies in the automotive, steel, oil and
gas, power, chemical, electronics and technology, manufacturing,
software, financial, retail, healthcare, food and beverage
industries, as well as government agencies. The company was
founded in 1966 and is headquartered in Elkridge, Maryland. GP
employs approximately 2,523 people.
GPX stock info:
Last quote at close: $20.64
Last close vs. 50-day moving avg.:
Last close vs. 200-day moving avg.:
Last close vs. 52-wk high: -3.7%
3-mo. avg. daily volume: 63,560
Approx. avg. daily money volume: $1,238,149