Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Results of Operations and Financial Condition

Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.

On April 16, 2018, Global Power Equipment Group Inc. (the “Company”) issued a press release (the “press release”) reporting its financial results for its fourth quarter and the year ended December 31, 2017. As noted in the press release, management will host a conference call on Tuesday, April 17, 2018 at 10:00 a.m. Eastern time (9:00 a.m. Central) to discuss such financial results. Instructions on how to participate in the conference call are contained in the press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The press release contains a discussion of adjusted EBITDA (earnings before interest expense, net, income tax (benefit) expense, depreciation and amortization, and unusual gains or charges), a non-GAAP financial measure within the meaning of Regulation G promulgated under the rules and regulations of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company believes that providing non-GAAP information, such as adjusted EBITDA, is important as such information is used as analytical indicators by the Company’s management to better understand operating performance. The press release contains reconciliations of comparable GAAP to non-GAAP measures.

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the press release set forth under the heading entitled “Forward-looking Statement Disclaimer” is incorporated by reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.

In connection with the conference call announced in the press release, the Company made available the Company Information Presentation beginning on April 16, 2018, relating to its financial results for its fourth quarter and the year ended December 31, 2017. The Company Information Presentation may be accessed within the investor relations section of the Company’s website, http://www.globalpower.com. A copy of the Company Information Presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.2, shall not be deemed to be “filed” for purposes of Section18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the slide in the Company Information Presentation entitled “Forward-Looking Statements” is incorporated by reference into this Item 7.01.

Item 9.01Financial Statements and Exhibits.

Exhibits

99.1

Press Release, dated April 16, 2018 of Global Power Equipment Group Inc.

99.2

Company Information Presentation.


GLOBAL POWER EQUIPMENT GROUP INC. Exhibit
EX-99.1 2 ex-99d1.htm EX-99.1 glpw_Ex99_1_2017_Q4_Earnings_Release Exhibit 99.1 NEWSRELEASE   Global Power ♦ 400 E Las Colinas Blvd.,…
To view the full exhibit click here

About Global Power Equipment Group Inc. (OTCMKTS:GLPW)

Global Power Equipment Group Inc. is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries. The Services segment provides lifecycle maintenance, repair, on-site specialty support, outage management, construction and fabrication services for the power generation, industrial, chemical/petrochemical processing, and oil and gas industries. Its products portfolio span from auxiliary equipment for gas turbines to small, high alloy parts, such as seals, shims and brackets. It also offers a range of services that have been managing plant asset value.

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