Global Power Reports Financial Results for 2016; Provides Operational Update and Announces Strategic Initiative
GLOBAL POWER EQUIPMENT (GLPW)
US:NASDAQ Investor Relations:
ir.globalpower.com
Company Research
Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)-- Global Power Equipment Group Inc. (OTC: GLPW) (“Global Power” or the “Company”) today reported its financial results for the full year ended December 31, 2016, as well as for the first, second and third quarters of 2016. Reporting of the Company’s 2016 financial results was delayed because of the time it took to prepare, audit and file the Company’s 2015 Annual Report on Form 10-K, which included restated results from prior-year periods. The Company also reported on its operational progress in 2017 and its current strategic actions. Craig Holmes and Tracy Pagliara, Co-Presidents and Co-CEOs of Global Power, commented, “We continue to advance our efforts to address financial, operational and strategic challenges. We have sold non-core assets, refinanced our debt, realigned management teams in our domestic products businesses and measurably cut costs.”
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