Jtown
14年前
GP Strategies Reports Strong Third Quarter 2012 Financial Results
ELKRIDGE, Md., Nov. 1, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) today reported financial results for the quarter ended September 30, 2012.
Overview of Third Quarter 2012 Results:
¦Revenue of $99.7 million for third quarter of 2012 compared to $88.9 million for third quarter of 2011
¦Gross profit of $17.9 million, or 18.0% of revenue, for third quarter of 2012 compared to $14.9 million, or 16.7% of revenue, for third quarter of 2011
¦Diluted earnings per share of $0.32 for third quarter of 2012 compared to $0.24 per share for third quarter of 2011
¦EBITDA of $10.4 million for third quarter of 2012 compared to $9.4 million for third quarter of 2011
The Company's revenue increased 12% or $10.7 million during the third quarter of 2012 compared to the third quarter of 2011. Revenue grew organically by 9% or $8.0 million during the third quarter, largely driven by growth in the Learning Solutions and Sandy segments due to increased training services for several new and existing customers. Gross profit increased 21% or $3.1 million during the third quarter of 2012 primarily due to organic revenue growth. The third quarter 2012 results include $0.5 million of acquisition-related transaction expenses compared to $0.1 million in the third quarter of 2011. In addition, the Company had a net loss on the change in fair value of contingent consideration of $0.8 million for the third quarter of 2012, for which no income tax benefit will be received, compared to a net gain of $0.3 million during the third quarter of 2011. Operating income increased 24% during the third quarter of 2012, excluding the net gain/loss on change in fair value of contingent consideration in the third quarters of both 2012 and 2011. Net income was $6.2 million, or $0.32 per diluted share, for the third quarter of 2012 compared to $4.6 million, or $0.24 per diluted share, for the third quarter of 2011. The third quarter 2012 results also include a $1.6 million non-recurring income tax benefit due to the reduction of a tax liability.
"GP Strategies continued to achieve strong organic growth in the quarter due to the strengthening and expansion of our platform," commented Scott N. Greenberg, Chief Executive Officer of GP Strategies. "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."
Balance Sheet and Cash Flow Highlights
As of September 30, 2012, the Company had cash and cash equivalents of $12.6 million compared to $4.2 million as of December 31, 2011. The Company had no short-term borrowings or long-term debt outstanding and had $50 million of available borrowings under its line of credit as of September 30, 2012. Cash provided by operating activities was $17.0 million for the nine months ended September 30, 2012 compared to $10.6 million for the same period in 2011.
Investor Call
The Company has scheduled an investor conference call for 10:00 a.m. ET on November 1, 2012. In addition to prepared remarks from management, there will be a question and answer session on the call. The dial-in numbers for the live conference call are 800-749-1342 or 212-231-2919, using conference ID number 21609594. A telephone replay of the call will also be available beginning at 12:00 p.m. on November 1st, until 12:00 p.m. on November 15th. To listen to the replay, dial 800-633-8284 or 402-977-9140, using conference ID number 21609594.
Presentation of Non-GAAP Information
This press release contains non-GAAP financial measures, including EBITDA (earnings before interest, income taxes, depreciation and amortization). The Company believes this non-GAAP financial measure is useful to investors in evaluating the Company's results. This measure should be considered in addition to, and not as a replacement for, or superior to, either net income, as an indicator of the Company's operating performance, or cash flow, as a measure of the Company's liquidity. In addition, because EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. For a reconciliation of this non-GAAP financial measure to the most comparable GAAP equivalent, see the Non-GAAP Reconciliation – EBITDA, along with related footnotes, below.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
Forward-Looking Statements
We make statements in this press release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These statements are not guarantees of our future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Jtown
14年前
Is This the Future of the Auto Industry?
Natural gas is one of the cleanest, safest, and most useful of all energy sources. Unlike oil and coal, natural gas is clean burning and emits lower levels of harmful byproducts into the air. Natural gas could have a strong outlook because of its environmentally friendly nature. Large quantities of shale gas, three-dimensional seismology, horizontal drilling and innumerable computer-related breakthroughs have aided the United States in increasing the percent of natural gas consumed that is domestically produced. According to the EIA, of the natural gas consumed in the United States in 2011, about 94% was produced domestically. This is a drastic improvement from ten years ago when only 84% of natural gas consumed was produced domestically. Here’s a list of three ETFs that can capitalize on this boost.
Although the transportation sector only accounts for 3% of natural gas used in the United States, a surplus of the resource has sparked conversation about converting the auto industry from oil to natural gas. Natural gas has been a recognized transportation fuel since the early twentieth century, but crude oil remains the dominant choice. Advances in natural gas extraction technologies are enabling the delivery of abundant, affordable natural gas and the prospect of a shift to greater use of natural gas as a transportation fuel.
A report prepared for the Natural Gas Foundation states that while the price of natural gas per unit energy has historically been lower than liquid fossil fuels, this price differential must be large enough to overcome barriers to substantial market penetration by natural gas vehicles (NGV). These barriers include the capital expenses associated with infrastructure development for storage of natural gas in compressed or liquefied form, and the cost premium for lower-production vehicles with more expensive fuel tanks. Additional barriers have included the lagging optimization and availability of NGV. Although these latter two obstacles have been reduced in recent years, lingering negative perceptions persist as a result of early-adopters’ experience with less-developed engine and vehicle technologies.
Billionaire energy investor T. Boone Pickens, can attest to the fact that natural gas is currently much cheaper than gasoline (Click here to see Pickens’s latest prediction). Instead of fueling up for $4 a gallon, “Pickens fuel” costs about $1 a gallon. Unfortunately, it will not run a conventional car or truck engine, because Pickens’s Honda Civic GX runs on natural gas. Honda (NYSE: HMC) makes a few Civics with natural gas engines, and Chrysler and General Motors (NYSE: GM) plan to make some natural gas pick-up trucks. The graph below gives credence to this price differential.
As part of a new promotional effort, Honda is offering a $3,000 debit card good at Clean Energy natural gas filling stations with the purchase of a 2012 model year Civic Natural Gas vehicle. There are 40 Clean Energy filling stations in Southern California and about 160 nationwide. To fuel up, natural gas car owners pay roughly $2 a gallon, slightly more than Pickens’s home fueling station, but about half the price of gasoline. The natural gas version Civic starts at about $27,000, about $5,600 more than the gasoline Civic.
General Motors will offer a bi-fuel version of their 2013 Chevrolet Silverado and GMC Sierra pickup trucks that will run on either gasoline or natural gas. After speaking with Chevy Volt owners, GM realized that their customers worry about running out of fuel. By making bi-fuel engines, GM is relieving buyers of the need to stay within range of a local natural-gas fueling station. GM has not released the fuel economy or the prices of either of their 2013 bi-fuel trucks, but there’s a roadblock in the way of automakers producing large volumes of natural gas engines in the passenger car segment. Automakers know that until consumers are sure they can find a natural gas fueling station as readily available as a conventional one, the majority will stick to what they know best.
Companies are beginning to take on the risks associated with developing a natural gas transportation market with hopes of reaping in large returns. GP Strategies (NYSE: GPX), a global performance improvement provider, has branched out of their traditional business and started to build natural gas filling stations. Doug Sharp, president of GP Strategies, believes “the first customers who convert to natural gas vehicles will be the return-to-base operations, and the second will be the long-haul truckers.”
Return-to-base customers are like buses, which have designated daily routes and return to their base at designated times. Mike Mackey, vice president of GP’s Alternative Fuel’s Group, spoke on the long-haul trucker market stating “long-haulers typically travel 80,000 miles a year, burning 14,000 gallons of fuel, generally diesel fuel. At current fuel prices, a trucker would save $21,000 a year buying natural gas rather than diesel. Clean Energy Fuels (NASDAQ: CLNE) has natural gas fueling stations for vehicles in the United States and Canada, and is America’s largest provider of natural gas for transportation. Co-founded by T. Boone Pickens, the company operates about 150 liquefied natural gas (LNG) stations, and is building across the country. 70 stations are expected to be built in 2012, with each station costing roughly $1.5 million.
A good example of the return-to-base customers using natural gas can be seen looking at United Parcel Service (NYSE: UPS). The package delivery company has a strong commitment to the environment and operates roughly 1,100 natural gas trucks powered by compressed natural gas (CNG) and liquefied natural gas (LNG) with Cummins Inc. (CMI) and Westport Innovations Inc (WPRT) engines.
Mike Britt, director of vehicle engineering at UPS stated “Investment in a fuel-efficient technology that helps reduce our carbon footprint and reduce our dependence on petroleum remains a key component of UPS’s transport strategy.” Natural gas vehicles work great for return-to-base vehicle users like UPS. By having routes down to a science, UPS can confidently have delivery trucks fuel up at their base before running the daily routes, and then return upon completion and fuel up the next day. The premium paid for the NGV’s is quickly paid off by the savings on fuel, and an image boost doesn’t hurt.
For now, there are only about 1,000 natural gas filling stations in the U.S., compared with more than 160,000 gasoline and diesel stations. Stations are most prevalent in California, Oklahoma, New York, and Utah. A report for the Natural Gas Foundation titled Natural Gas as a Transportation Fuel stated:
“As NGVs become mainstream in the initially targeted markets, the costs of NGV adoption are expected to decrease allowing more favorable economics for additional sectors to enter the NGV market, ultimately including personal passenger cars and home refueling. The rate of NGV adoption, however, may be increased with programs designed to reduce the initial barriers to market entry: vehicle premium costs, refueling station availability, and consumer confidence in NGVs. Market acceleration is necessary in instances when supply infrastructure and fueling demand need to be simultaneously developed to mitigate the risk to ratepayers or shareholders of unused assets.”
While it remains to be seen exactly when this gap with start to converge, it appears that companies like Clean Energy Fuels and GP Strategies would be excellent ways to gain exposure to the potential of this industry, and automakers Honda, GM, and Chrysler can capitalize quite significantly with their natural gas-enabled vehicles. For a complete look at T. Boone Pickens’s 13F portfolio, continue reading here.
johnsyn
14年前
GP Strategies Acquires Rovsing Dynamics
ELKRIDGE, Md., Sept. 26, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has completed its acquisition of operating assets of Rovsing Dynamics, a provider of vibration condition monitoring hardware and software. The Rovsing Dynamics technologies enable owners and operators of rotating machinery to manage equipment downtime by providing early detection of developing faults. The acquisition also includes Rovsing Dynamics' contract backlog and personnel.
Acquisition highlights:
Adds a new office location in Copenhagen, Denmark for GP Strategies and retains Rovsing Dynamics' business and technical personnel.
Augments GP Strategies' EtaPRO™ Performance & Condition Monitoring System by adding on-line predictive vibration condition monitoring and diagnostics using Rovsing Dynamics' OPENpredictor™ and AutoDiagnosis™ applications.
Extends GP Strategies' global performance engineering reach into Russia, Brazil and China for oil and gas, maritime and wind power industry services.
"The addition of the Rovsing Dynamics technologies completes a trifecta of performance and condition monitoring technologies to include vibration, thermodynamics and predictive analytics. While each of these technologies is powerful in its own right, combining the three provides a more complete picture of the health of a machine or process," said Richard DesJardins, Vice President of GP Strategies' Energy Services Group.
"Joining GP Strategies provides opportunities for offering OPENpredictor to their clients and allows us to broaden our offering to include EtaPRO technologies," said Thea Larsen, CEO, Rovsing Dynamics. "Customers will benefit from a combined four decades of performance and condition monitoring experience and expertise gained by the two companies."
Additional information may be found at http://www.rovsing-dynamics.com/.
About Rovsing DynamicsRovsing Dynamics creates value by combining predictive operational information with dynamic business information for decision makers in the maritime, power generation and oil & gas industries, using OPENpredictor™ as information source, making information available to equipment operators that enable them to reduce service downtime and enhance equipment availability, increasing revenue potential and profitability.
Rovsing Dynamics operates in the global and technologically advanced market for condition monitoring systems, and develops, supplies and supports a best-in-class software-based system—OPENpredictor™—for automated condition monitoring and predictive fault diagnosing for rotating and reciprocating machinery such as turbines, generators, gear boxes, and pumps. Solutions and services are offered worldwide.
About GP StrategiesGP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
Forward-Looking Statement:We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
© 2012 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
(Logo: http://photos.prnewswire.com/prnh/20120327/MM77734LOGO )
SOURCE GP Strategies Corporation
Jtown
14年前
Manufacturers' training challenges and how GP Strategies can help; $GPX
In the US today, manufacturers are facing a three-fold challenge: the need for ready pool workers, a poor outlook for future skilled workers, and an economy no longer based on manufacturing.
Company workforces are aging as baby boomers get older and begin to retire. However, manufacturers lack a ready pool of skilled workers to replace them. As a developed country, the US has experienced a socioeconomic shift: Parents don’t want their children to become skilled workers; they want their children to focus on vocations such as doctors, lawyers, and executives. What’s more, the economy itself has changed. We no longer have a manufacturing-oriented economy; instead, we have a service-oriented economy, meaning that we have shifted our skilled training offshore.
In a video entitled Bridging the Skills Gap in Today’s Economy, Eric Rodgers of GP Strategies discusses these challenges as well as how to address them. He explains that today’s workers need four types of knowledge, each one building on the one before it:
¦Core Competencies
¦Fundamentals
¦Applied Fundamentals
¦Equipment-Specific Training (this part has to be hands-on)
Rodgers then poses the question, “Where are companies going to find this kind of talent pool?” It’s a difficult question. Traditionally, manufacturers could rely on the military and community colleges to produce a ready pool of skilled workers, but the military pool is drying up and community colleges can no longer keep up with the complex processes that today’s workers need to perform to operate a modern piece of machinery.
The answer: They’re going to have to reach in-house, internalize their training programs, and build from within.
Fortunately, there are training experts available to help. GP Strategies has been focusing primarily on custom training since 1966. You simply won’t find another provider who does it better or with more consistent success than GP Strategies.
The company offers the flexibility of custom, tailored, and off-the-shelf technical training courses and courseware. They design, develop, deliver, and support every type of training modality, from instructor-led courses and hands-on labs to web-based training (WBT), simulation, on-the-job training, and blended solutions. They can even deliver instructor-led courses at your site or a mutually agreed upon alternative.
GP Strategies also provides training program support based on your site, your personnel, and your equipment. They can conduct training analysis, needs assessments, gap assessments, training center design and build-out, productivity simulation, and even a planning and scheduling game called Outage! And if you require technical documentation development services, their experienced professionals deliver a wide range, including operations, maintenance, compliance, and emergency management process and procedure requirements. Read more at GPStrategies.com.
Jtown
14年前
GP Strategies (GPX): Proven Experience in the Financial Sector
In recent years, the financial services market has seen a dramatic reshaping, which has caused many challenges for financial organizations. Companies today are under constant pressure to satisfy stringent regulatory and compliance requirements while continuing to meet customer demands, even as those demands grow increasingly difficult to meet. Additionally, companies face increasing public and government scrutiny and bear a tremendous burden to perform in every aspect of the operation.
GP Strategies™ can help. With more than 40 years of experience, GP Strategies has provided training, consulting, and engineering services to companies in industries ranging from aerospace to government to automotive, life sciences, food and beverage, and others, including, more recently, the financial services sector. Financial clients have benefitted from a wide variety of service offerings, including eLearning, content development, training, and more.
GP Strategies has the experience needed to meet its clients’ critical training needs. In one case, the company was asked to create a custom program for a large, global banking and financial services client to help them become a center of excellence in complaint handling, while at the same time helping to demonstrate their ongoing commitment to treating customers fairly. The development of this program represented an important part of the bank’s overall strategy, enabling them to ensure that their existing customers remained satisfied with the services that the bank provided and would go on to hopefully purchase further services.
After a period of research across a number of the client’s departments and branches involving customers and staff, a program was developed to enhance individual and team understanding, knowledge, and skills in successfully handling customer complaints. It was created in two parts: first, an eLearning pre-course module that helped to position the issue of complaints, and second, a one-day interactive workshop that provided learners with the skills and techniques needed to handle customer complaints followed by an opportunity to use the new skills and techniques via a series of case studies. Customer complaint satisfaction increased by seven percent within the first six months. As a result of the improvement in customer satisfaction for this one program alone, two additional subsidiaries of the bank engaged GP Strategies to design and deliver similar complaint handling workshops for call center and branch employees.
In 2011, another major financial institution selected GP Strategies to support its centralized worldwide training center. The customer’s goal was to outsource its worldwide training development while reducing the number of vendors from several dozen to two, including GP Strategies. In the first year, GP Strategies completed over 300 training programs in a wide range of modalities, including web-based training (WBT), instructor-led training (ILT), virtual instructor-led training (VILT), interactive web sites, job aids, and mobile learning. Topic areas included consumer products, wealth investments, compliance, retail operations, systems, and new hire orientation. In addition, GP Strategies was selected to handle all course maintenance, copy/edit, and QA for courses produced internally and externally. Courses have been produced for this customer in the US, UK, and Asia.
In 2012, GP Strategies further increased its presence in the financial sector with contract wins to provide learning solutions to two new financial services clients. Revenue from the financial services industry represented approximately six percent of GP Strategies’ consolidated revenue for the six months ended June 30, 2012. Read more at GPStrategies.com.
johnsyn
14年前
How to Create Dynamic Interactive Social Learning Spaces
9:00 AM 8/21/2012 - PR Newswire
ELKRIDGE, Md., Aug. 21, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announces the release of Exploring the World of Social Learning eBook, authored by Julian Stodd, eLearning Director for GP Strategies. Exploring the World of Social Learning shows readers how to create dynamic social learning spaces and how to become involved in the conversation as it unfolds.
The eBook is built upon nearly 50 articles from Stodd's Learning Blog and includes a full commentary on each to draw them together as well as many practical tips on how to create social learning spaces in your own organization today.
Trends discussed in the eBook include:
Social learning common themes: Motivation to engage, issues of controlling the message, ownership and responsibility, layers of interaction and the notion of social capital. Click to Tweet this message.
Social layers are being built up around various workplace activities: Onboarding, skills training, leadership, coaching and mentoring for starters. Click to Tweet this message.
Involved in the conversation: It's not a question of whether the conversations take place; it's a question of whether we want to be involved in them as they happen. Click to Tweet this message.
Social content curation: Curation sites are a great way of building relevant resources into coherent collections. Sites like Scoop.it or Paper.li make it easy to pull together and "publish" such collections. Click to Tweet this message.
To learn more, or to purchase a copy, visit:http://bit.ly/QZEY1B. Exploring the World of Social Learning is currently available at a reduced price of $4.99 when downloaded from Smashwords (regular price $6.99). This offer will expire on September 25, 2012. To redeem, follow the link above and submit the voucher code TR54J at the checkout.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. GP Strategies Corporation is the new name of General Physics Corporation, which merged with its parent company (also called GP Strategies) on December 31, 2011 and changed its name. Additional information may be found at www.gpstrategies.com.
© 2012 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
(Logo: http://photos.prnewswire.com/prnh/20120327/MM77734LOGO )
SOURCE GP Strategies Corporation
Jtown
14年前
GP Strategies to Report Second Quarter 2012 Results on August 2, 2012
ELKRIDGE, Md., July 27, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it will release its financial results for the second quarter ended June 30, 2012 on Thursday, August 2, 2012.
The Company has scheduled an investor conference call for 10:00 a.m. ET on August 2, 2012. In addition to prepared remarks from management, there will be a question and answer session on the call. The dial-in number for the live conference call will be 800-931-6429 or 212-231-2937 using conference ID number 21600922. A telephone replay of the call will also be available beginning at 12:00 p.m. on August 2nd and will be available until 12:00 p.m. on August 16th. To listen to the replay, dial 800-633-8284 or 402-977-9140, using conference ID number 21600922. A replay will also be available on GP Strategies' website shortly after the conclusion of the call.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
© 2012 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
(Logo: http://photos.prnewswire.com/prnh/20120327/MM77734LOGO)
SOURCE GP Strategies Corporation
For further information: Scott N. Greenberg, Chief Executive Officer, +1-410-379-3640; Sharon Esposito-Mayer, Chief Financial Officer, +1-410-379-3636; Ann M. Blank, Investor Relations, +1-410-379-3725
Jtown
14年前
GP Strategies Awarded Blanket Purchase Agreement By the US Department of Health and Human Services
/PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced today that it has been awarded a Blanket Purchase Agreement (BPA) by the US Department of Health and Human Services (HHS). The BPA will allow GP Strategies to continue to provide support for the HHS University (HHSU) Learning Management System (LMS), including hosting, Tier 2 helpdesk and technical support for over 120,000 users. GP Strategies estimates that the BPA has a value of approximately $3M if all currently ordered services are continued for the base period and three option years, with the potential for greater value if additional services are ordered.
GP Strategies was contracted to implement the HHS LMS in 2007 and has been providing application, hosting and helpdesk support since the system went live. During that time, GP Strategies also provided customer interfaces and reporting solutions, upgrade services and Talent Management best practices to ensure HHSU meets the training needs of its constituents.
Billy Biggs, GP Strategies' Public Sector Director, said, "The recent award of the HHS Blanket Purchase Agreement reinforces GP Strategies' reputation as an organization that values long-term customer relationships. We were fortunate to win the original HHS Learning Management System implementation contract in 2007 after a very competitive evaluation process. After five years of supporting their LMS, we are excited to have the opportunity to extend our relationship with the HHSU team and look forward to supporting their current and future learning technology needs."
For more information about GP Strategies' learning solutions, visit http://learningsolutions.gpstrategies.com/.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. GP Strategies Corporation is the new name of General Physics Corporation, which merged with its parent company (also called GP Strategies) on December 31, 2011 and changed its name. Additional information may be found at www.gpstrategies.com.
© 2012 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
(Logo: http://photos.prnewswire.com/prnh/20120327/MM77734LOGO )
SOURCE GP Strategies Corporation
For further information: Scott N. Greenberg, Chief Executive Officer, 410-379-3640, or Sharon Esposito-Mayer, Chief Financial Officer, 410-379-3636, or Jamie Coffey, Director, Communications, 443-255-3400
Jtown
14年前
Recent Abundance of Natural Gas, GP Strategies Helps Navigate New Industry Terrain
The rising cost of energy is on everyone’s minds these days, from individual consumers to large companies. To bring down prices and work towards US energy independence, alternative energy sources are being researched and a variety of initiatives are in the works. However, in the ongoing quest for US energy independence, one development stands out above all others: shale gale, or technology’s advancing ability to release trillions of cubic feet of natural gas trapped in underground US shale formations. With this discovery, many experts believe that we’re set for fuel for the next 100 years. While this is obviously a phenomenal advancement, there is still a lot of work to be done to modify the economic and social infrastructure of existing industries so that they can run on natural gas.
Liquefied natural gas, or LNG, represents one important step along the way. LNG is natural gas that has been condensed to liquid form so that it can be more easily stored and transported. It requires the construction of storage facilities, pipelines and filling stations to get it from the ground to consumers. However, given the newness of natural gas in this abundance, a sizable gap remains between the sheer amount of the resource and consumer demand for it.
A recent article in Fortune Magazine gives some insight into this issue and discusses how the shale gas energy windfall is expected to impact several key economic sectors, including transportation.
When it comes to the US transportation industry, the most obvious use for LNG is as fuel for heavy-duty trucks. But conventional engines can’t run on LNG, and truck manufacturers are understandably hesitant to churn out LNG-powered engines on a massive scale until they know for sure that it will be profitable. So, how will the vehicle industry evolve with regard to natural gas?
GP Strategies Corporation, a global performance improvement company with decades of experience in the design and installation of cryogenic liquid and high-pressure gaseous storage and distribution systems, has a few ideas.
First quoted is the president of GP Strategies, Doug Sharp, who predicts that “the first customers who convert to natural gas vehicles will be the return-to-base operators, and the second will be the long-haul truckers.” Return-to-base operators are those users, like bus companies and delivery services, who fuel up at their own terminals in the morning, make their daily runs and return to base at the end of the day.
Mike Mackey, vice president of GP Strategies’ Alternative Fuels Group, lays out the math to support Sharp’s prediction and calculates that “at current fuel prices, a trucker would save $21,000 a year buying natural gas rather than diesel.”
In a video on the GP Strategies blog, Sharp elaborates on the impact that natural gas can have on transportation, specifically emphasizing the need to “build out the infrastructure” of the long-haul trucking industry. He explains, “If we replace 25% of the transportation fuel that’s used today with natural gas, we’ll save something like $680 million a day in foreign oil purchases.”
Even with all these savings, why are a few special interest groups important to the transportation industry as a whole? The Fortune article explains:
“In coming years, additional natural gas filling stations will be built to take care of fleets like those of Kwik Trip, municipal bus liners or others, such as long haul trucks.”
Read the full Fortune article here
Jtown
14年前
Training Outsourcing at GP Strategies
There has been an increasing trend in the number of companies choosing to outsource their training functions in an effort to reduce and control operating costs, increase speed to market for learning, gain access to training expertise, free up internal resources for more strategic purposes and supplement internal resources. GP Strategies™ offers training outsourcing services ranging from the administration of specific training needs to a comprehensive outsourcing of an organization’s training function and can include the following:
¦Strategic assessment & planning
¦Training content design/development
¦Training delivery
¦Administration/logistical functions
¦Student enrollment
¦Call center/help desk
¦Training logistics
¦Vendor and program management
¦Tuition reimbursement administration management
¦Technology integration
¦Learning Management System (LMS) administration/help desk
¦LMS hosting
GP Strategies provides training outsourcing solutions to a wide variety of market sectors, including:
¦Financial & Insurance
¦Information Technology
¦Electronics & Semiconductor
¦Life Sciences
¦Manufacturing
¦Government
GP Strategies (NYSE: GPX), which has been providing training services since 1966, has been successful in growing its training outsourcing business through winning large, multi-year contracts with Fortune 500 companies. In 2011, it won a major contract with a financial institution to support the centralization of its global training development across multiple lines of its business through various training delivery methods, including web-based, instructor-led, virtual instructor-led, interactive websites and mobile learning. In 2012, GP Strategies won another large contract with a financial institution to provide outsourced learning solutions.
GP Strategies’ typical training outsourcing contract has a three-to-five-year term, providing for long-term customer relationships. GP Strategies has a strong recurring customer base, with over 90% of its annual revenue generated by existing prior-year clients.
Jtown
14年前
Insider Buying @ GP Strategies Corporation
Since May 10, 2012, Sagard Capital Partners, L.P. (“Sagard”) has purchased 74,438 shares of GP Strategies Corporation (GPX) stock, or $1.1 million worth, in the open market at share prices ranging from $14.99 to $15.83, based on SEC filings through May 30, 2012. Over the past twelve months, Sagard has purchased 557,775 shares of GPX stock, or $7.2 million worth, at share prices ranging from $12.22 to $15.83. Over the same twelve-month time period, Sagard has sold no shares of GPX stock.
Daniel M. Friedberg serves on the Board of Directors of GPX. Mr. Friedberg has been President and CEO of Sagard Capital Partners Management Corporation, the investment manager of Sagard, since its founding in 2005. Prior to Sagard, Dan was a partner at Bain and Company, where he led the firm’s New York and Canadian Private Equity Businesses. Dan joined Bain in 1987 in the London office, and was a founder of the Toronto office in 1989 and the New York office in 2000. Over the past 12 months, Friedberg Dan has sold no shares of GPX.
Jtown
14年前
GP Strategies Revenue Grew 46%; Operating Income Increased 70%; EBITDA up 67%
Overview of First Quarter 2012 Results:
¦Revenue of $93.6 million for first quarter of 2012 compared to $64.3 million for first quarter of 2011
¦Operating income of $7.3 million for first quarter of 2012 compared to $4.3 million for first quarter of 2011
¦Diluted earnings per share of $0.23 for first quarter of 2012 compared to $0.14 per share for first quarter of 2011
¦EBITDA of $9.2 million for first quarter of 2012 compared to $5.5 million for first quarter of 2011
¦Cash flow from operations of $7.0 million for first quarter of 2012
The Company's revenue increased 46% or $29.3 million during the first quarter of 2012 compared to the first quarter of 2011. The RWD consulting business, which was acquired from RWD Technologies in April 2011, contributed $17.7 million of revenue during the first quarter of 2012. All of the Company's operating segments achieved organic growth during the quarter, resulting in total organic revenue growth of 13% for the Company during the first quarter of 2012. The growth was driven by increased services for both new and existing customers across a variety of industries. Operating income increased 70% to $7.3 million for the first quarter of 2012 from $4.3 million for the first quarter of 2011. Net income was $4.4 million for the first quarter of 2012 compared to $2.6 million for the first quarter of 2011.
"I am pleased to report that our trend of extremely strong financial results continued into 2012," commented Scott N. Greenberg, Chief Executive Officer of GP Strategies. "We achieved double-digit organic revenue growth, led by solid performance across all of our operating segments. These positive results, combined with the successful execution of our acquisition strategy, continue to reinforce the Company's long-term growth prospects."
Balance Sheet and Cash Flow Highlights
As of March 31, 2012, the Company had cash and cash equivalents of $8.3 million compared to $4.2 million as of December 31, 2011. The Company had no short-term borrowings or long-term debt outstanding as of March 31, 2012. Cash provided by operating activities was $7.0 million for the quarter ended March 31, 2012 compared to $2.4 million for the same period in 2011.
Investor Call
The Company has scheduled an investor conference call for 10:00 a.m. ET on May 3, 2012. In addition to prepared remarks from management, there will be a question and answer session on the call. The dial-in numbers for the live conference call are 800-681-1608 or 303-223-2690, using conference ID number 21590137. A telephone replay of the call will also be available beginning at 12:00 p.m. on May 3rd, until 12:00 p.m. on May 17th. To listen to the replay, dial 800-633-8284 or 402-977-9140, using conference ID number 21590137.
Jtown
14年前
Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it will release its financial results for the first quarter ended March 31, 2012 on Thursday, May 3, 2012.
The Company has scheduled an investor conference call for 10:00 a.m. ET on May 3, 2012. In addition to prepared remarks from management, there will be a question and answer session on the call. The dial-in number for the live conference call will be 800-681-1608 or 303-223-2690 using conference ID number 21590137. A telephone replay of the call will also be available beginning at 12:00 p.m. on May 3rd and will be available until 12:00 p.m. on May 17th. To listen to the replay, dial 800-633-8284 or 402-977-9140, using conference ID number 21590137. A replay will also be available on GP Strategies' website shortly after the conclusion of the call.
About GP Strategies - GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
For further information: Scott N. Greenberg, Chief Executive Officer, +1-410-379-3640, or Sharon Esposito-Mayer, Chief Financial Officer, +1-410-379-3636, or Ann M. Blank, Investor Relations, +1-410-379-3725
johnsyn
14年前
KEPCO KPS Purchases Maintenance Training Courseware From GP Strategies for Korea and UAE
GP Strategies (NYSE:GPX)
ELKRIDGE, Md., April 23, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX), and KEPCO Plant Services and Engineering Company, Ltd. (KEPCO KPS), a subsidiary of Korea Electric Power Corporation (KEPCO), have entered into a license agreement making available to KEPCO KPS the latest generation of GP Strategies' GPM PRO maintenance technician training course materials. KEPCO KPS, one of the world's leading power plant service companies, will use GPM PRO maintenance training course materials to train mechanical, electrical and I&C technicians to service KEPCO KPS power generation plants in Korea and to support the start-up of four nuclear power plants in the United Arab Emirates (UAE).
Following nearly 12 months of review and evaluation, KEPCO KPS selected GP Strategies to provide courseware licenses for 48 mechanical, electrical, and instrumentation & control (I&C) maintenance courses. Course materials include detailed and illustrated student guides, instructor guides, instructor presentations, written exams and hands-on lab guides. GP Strategies is also providing five weeks of GPM PRO Train-The-Trainer instruction to KEPCO KPS mechanical, electrical and I&C instructors at our Tampa, Florida, Training Center.
Eric Rodgers, Senior Vice President of GP Strategies, said, "We are extremely pleased with the KEPCO KPS selection of GPM PRO and the license agreement we have put in place. Through this agreement, KEPCO KPS is able to access the intellectual property of GP Strategies and leverage this expertise to advance their corporate enterprise. We look forward to the continuing development of the KEPCO KPS-GP Strategies relationship and additional opportunities to support KEPCO KPS in Korea and the UAE."
For more information about GP Strategies' GPM PRO maintenance training solutions, visit http://maintenancetraining.gpstrategies.com/.
About GP StrategiesGP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. GP Strategies Corporation is the new name of General Physics Corporation, which merged with its parent company (also called GP Strategies) on December 31, 2011 and changed its name. Additional information may be found at www.gpstrategies.com.
© 2012 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
(Logo: http://photos.prnewswire.com/prnh/20120327/MM77734LOGO )
SOURCE GP Strategies Corporation
Jtown
14年前
Customer Loyalty and Retention @ GP Strategies - $GPX
The seminal management book In Search of Excellence, by Tom Peters and Robert Waterman, was published in 1982, and remains one of the one of the biggest selling and widely read business books ever. Peters and Waterman found eight common themes which they argued were responsible for the success of the chosen corporations, which have become pointers for managers ever since. in this video Tom Peters puts a value on customer retention. Peters asks the viewer to forget complex data analysis and concentrate on the customer instead.
Wikipedia defines Customer Retention as:
"The activity that a selling organization undertakes in order to reduce customer defections. Successful customer retention starts with the first contact an organization has with a customer and continues throughout the entire lifetime of a relationship. A company’s ability to attract and retain new customers, is not only related to its product or services, but strongly related to the way it services its existing customers and the reputation it creates within and across the marketplace.
Customer retention is more than giving the customer what they expect, it’s about exceeding their expectations so that they become loyal advocates for your brand. Creating customer loyalty puts ‘customer value rather than maximizing profits and sharholder value at the center of business strategy’. The key differentiator in a competitive environment is more often than not the delivery of a consistently high standard of customer service.
Customer retention has a direct impact on profitability. Research by John Fleming and Jim Asplund indicates that engaged customers generate 1.7 times more revenue than normal customers, while having engaged employees and engaged customers returns a revenue gain of 3.4 times the norm."
GP Strategies (NYSE: GPX) and its Sandy Division develop a variety of custom solutions that help support marketing and education strategies for clients. Combined with quality product and service support, these solutions help engage the customer and reinforce a positive total ownership experience—thus reinforcing customer loyalty and advocacy. GP Strategies' customer loyalty process allows clients to keep their customers interested in repeat purchases by providing timely, relevant support, and information that:
• Engages the customer
• Reinforces brand image
• Creates brand advocacy
Targeted tactics earn loyalty and repeat sales:
By analyzing specific customer loyalty objectives, Sandy can develop a solution specifically for you. Sandy is prepared to supply the expertise needed to exceed client goals. Thier ability to deliver specific skills or seamlessly merge a range of capabilities enables Sandy to provide all-inclusive, turnkey service. From new product launches to customer loyalty initiatives, Sandy's expertise in all project phases can help you build your business, with a focus on unmatched ROI — to exceed the investment you make in Sandy.
Sandy incorporates one or more of the following strategies:
• Custom communications—Build stronger relationships and increase brand advocacy through custom print and digital communications that positively impact your ROI.
• Personalization—Use targeted personalization to deliver smart messaging to specific groups in order to influence behavior.
• Lifestyle accessories and portfolios—Improve customer satisfaction through informative lifestyle accessories and product portfolios.
• Customer events—Want to stay close to existing customers and find new ones? Invite them to your place for a fun event.
• Partnership marketing—Engage customers by offering valuable discounts from well-known brand leaders.
Jtown
14年前
GP Strategies Corporation Highlights On 2/29/12, the Company reported its financial results for 4Q11 and full-year 2011, including the following highlights:
¦Reported record revenue of $93.9 million (M) during 4Q11 increased by 33% from the year-ago period revenue of $70.8M.
¦Reported net income increased 39% during 4Q11 to $5.9M compared to net income in the year-ago period of $4.3M, resulting in earnings per share (diluted EPS) of $0.31 during 4Q11 compared to $0.23 in the year-ago period.
¦As of year-end 2011, reported cash / equivalents of $4.2M vs. $28.9M at year-end 2010. During 2011, $GPX utilized $35.6M in cash for acquisitions and ended 2011 with no debt and $34.5M available under a revolving line of credit with approximately 19M shares of common stock outstanding.
¦Generated cash from operating activities of $5.6M during 4Q11 and $16.2M for full-year 2011 with EBITDA of $10.3M (11% of revenue) during 4Q11 that increased 43% from the year-ago period level of $7.2M (10% of revenue).
¦RWD consulting business (acquired in April 2011 for $25.8M) contributed $17.2M (revenue) and $1.9M (gross profit) during 4Q11 while other acquisitions and organic (previously-owned business units) growth contributed the other $5.9M in revenue growth for the quarter.
The Company highlighted its successful strategic acquisition strategy in the highly fragmented $59.7 billion training industry (with 18 acquisitions completed since 2006) as a key element in expanding its capabilities and achieving the growing, record profit, revenue and cash flow (EBITDA) reported during 4Q11 and for the full year. $GPX also highlighted leadership and skills training as a potential source of growth that will complement the Company’s core strategic focus on sales training and e-Learning.
$GPX has global reach with offices located worldwide and 2,500 employees poised to capitalize on the growing shift toward e-Learning within the training industry as companies from a variety of industries (for example, financial services, information technology and manufacturing) shift from traditional in-person training to more efficient, flexible and convenient e-Learning applications.
On the 4Q11 earnings conference call, the Company also announced a new financial services contract award representing an estimated $5M-plus annual revenue opportunity. In addition, $GPX is poised to benefit from a resurgent U.S. and global auto manufacturing industry, which represented 17% of the Company’s total revenue in 2011.
Penny Roger$
14年前
GP Strategies Corporation (GP Strategies), incorporated in 1959, provider of customized training solutions focused on performance improvement initiatives for its clients. It also provide consulting, engineering and technical services. The Company’s business consists of its training, engineering, technical services and consulting business operated by its subsidiary, General Physics Corporation (GP) .The Company operates in four segments: Manufacturing & BPO, Process & Government, Energy, and Sandy Training & Marketing (Sandy). In February 2011, GP acquired Communication Consulting Limited. Effective December 1, 2010, General Physics, through its wholly owned subsidiary, General Physics (UK) Ltd. (GPUK), acquired Academy of Training Ltd. (AoT). Effective November 1, 2010, GP, through its wholly owned subsidiary, GPUK, acquired Bath Consulting Group (Bath Consulting). Effective April 1, 2010, GP, through its wholly owned subsidiary, GPUK, acquired Marton House Plc (Marton House).
http://www.google.com/finance?q=GPX
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