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Gp Strategies Corp (GPX) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Gp Strategies Corp

CIK: 917225 Ticker: GPX

Exhibit 99.1


NEWS RELEASE

GP Strategies Reports Fourth Quarter 2015 Earnings of $0.37 Per Share

Columbia, MD. February 25, 2016.
Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) today reported financial results for the quarter and fiscal year ended December 31, 2015.
Overview of Fourth Quarter 2015 Results:
Revenue of $126.4 million for fourth quarter of 2015 compared to $125.2 million for fourth quarter of 2014
Earnings of $0.37 per share for fourth quarter of 2015, inclusive of $0.02 per share of restructuring charges and litigation settlement costs, compared to $0.43 per share for fourth quarter of 2014
Cash flow from operations of $16.0 million for fourth quarter of 2015 compared to $14.3 million for fourth quarter of 2014
EBITDA of $11.8 million for the fourth quarter of 2015, inclusive of $0.7 million of restructuring charges, litigation costs and loss on change in fair value of contingent consideration, compared to EBITDA of $13.5 million for fourth quarter of 2014

The Company’s revenue increased $1.2 million or 1.0% during the fourth quarter of 2015 compared to the fourth quarter of 2014. Excluding the impact of foreign currency exchange rate changes and the decline in the Company’s non-core alternative fuels business, revenue increased 5% during the fourth quarter of 2015. Foreign currency exchange rate changes contributed to a $2.6 million revenue decline during the fourth quarter of 2015 compared to the same period in 2014. In addition, there was an expected $2.5 million revenue decrease in the Company's non-core alternative fuels business due to project completions in 2014.

Operating income declined $1.5 million to $10.1 million for the fourth quarter of 2015 compared to $11.6 million for the fourth quarter of 2014. The decrease in income is primarily attributable to a decrease in gross profit due to the completion of higher margin projects in 2014 combined with an increase in certain lower margin revenue streams in 2015. Foreign currency exchange rate fluctuations adversely impacted year over year U.S. dollar reported gross profit by $0.5 million during the fourth quarter of 2015. Included in operating income is $0.4 million, or $0.01 per share, of restructuring charges, consisting of severance expense in connection with the previously announced cost savings initiative to better align costs with revenue and improve operating margins. The Company also incurred costs of $0.3 million, or $0.01 per share, related to the settlement of a

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The following information was filed by Gp Strategies Corp (GPX) on Thursday, February 25, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Consolidated Statements Of Stockholders' Equity
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (details)
Accounts Payable And Accrued Expenses (tables)
Acquisitions
Acquisitions (details 1)
Acquisitions (details 2)
Acquisitions (details Textual)
Acquisitions (details)
Acquisitions (tables)
Business Segments
Business Segments (details 1)
Business Segments (details 2)
Business Segments (details 3)
Business Segments (details 4)
Business Segments (details)
Business Segments (tables)
Commitments, Guarantees, And Contingencies
Commitments, Guarantees, And Contingencies (details Textual)
Commitments, Guarantees, And Contingencies (details)
Commitments, Guarantees, And Contingencies (tables)
Common Stock
Common Stock (details Textual)
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Description Of Business And Significant Accounting Policies
Description Of Business And Significant Accounting Policies (details 1)
Description Of Business And Significant Accounting Policies (details 2)
Description Of Business And Significant Accounting Policies (details Textual)
Description Of Business And Significant Accounting Policies (details)
Description Of Business And Significant Accounting Policies (policies)
Description Of Business And Significant Accounting Policies (tables)
Employee Benefit Plan
Employee Benefit Plan (details Textual)
Goodwill & Other Intangible Assets
Goodwill & Other Intangible Assets (details 1)
Goodwill & Other Intangible Assets (details 2)
Goodwill & Other Intangible Assets (details Textual)
Goodwill & Other Intangible Assets (details)
Goodwill & Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details Textual)
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Information (unaudited)
Quarterly Information (unaudited) (details)
Quarterly Information (unaudited) (tables)
Restructuring (details)
Restructuring (notes)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details 2)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Ticker: GPX
CIK: 70415
Form Type: 10-K Annual Report
Accession Number: 0000070415-16-000125
Submitted to the SEC: Thu Feb 25 2016 4:08:59 PM EST
Accepted by the SEC: Thu Feb 25 2016
Period: Thursday, December 31, 2015
Industry: Educational Services

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