Last10K.com

Gp Strategies Corp (GPX) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Gp Strategies Corp

HISTORY TOOLS
CIK: 917225 Ticker: GPX

Exhibit 99.1

                                
NEWS RELEASE
gpstrategieslogo2020cmykhi.jpg

GP Strategies Reports Solid First Quarter 2021 Financial Results

Columbia, MD. May 6, 2021.
 Global workforce transformation solutions provider GP Strategies Corporation (NYSE: GPX) today reported financial results for the quarter ended March 31, 2021.
Highlights
•Gross profit of $21.4 million, or 18.7% on revenue of $114.6 million, for the first quarter of 2021 compared to $17.6 million, or 13.7% on revenue of $128.3 million, for the first quarter of 2020
•Net income of $1.7 million for the first quarter of 2021 compared to a net loss of $1.3 million for the first quarter of 2020
•Earnings per share of $0.09 for the first quarter of 2021 compared to a net loss per share of $(0.08) for the first quarter of 2020
•Adjusted earnings per share of $0.24 for the first quarter of 2021 compared to an adjusted loss per share $(0.03) for the first quarter of 2020
•We had no long term-debt as of March 31, 2021 compared to $12.7 million as of December 31, 2020

“The first quarter reflects the benefits of our solid execution, through what was a challenging time for many parts of the economy, and we begin 2021 from a position of strength with the ability to capitalize on the opportunities ahead,” stated Adam Stedham, Chief Executive Officer and President of GP Strategies. “Our gross margin percentage, for the first quarter of 2021, is the strongest for the company in the last ten years for a first quarter. We believe that the learning industry has macroeconomic tailwinds that will propel our growth. We end the first quarter with improving market conditions, a focused strategy, no debt, significant availability under our credit facility and a higher margin profile.”

Revenue

Our revenue decreased $13.7 million or 10.7% during the first quarter of 2021 compared to the first quarter of 2020. The net decrease is due to a $12.6 million decrease in our North America segment, a $1.9 million decrease in our EMEA segment partially offset by a $0.8 million increase in our Emerging Markets segment. Excluding the effects of COVID-19, divestitures, and foreign currency exchange rate changes, our revenue decreased $6.7 million for the first quarter of 2021 compared to the first quarter of 2020 primarily due to the timing of the shipment of publications from the first quarter of 2021 to the second quarter of 2021. We estimate that the impact of COVID-19 resulted in at least a $7.0 million decrease in our revenue in the first quarter of 2021
1

The following information was filed by Gp Strategies Corp (GPX) on Thursday, May 6, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Gp Strategies Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Gp Strategies Corp.

Continue

Assess how Gp Strategies Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Gp Strategies Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Cash Flow
Expense
Earnings
Debt
Product
Geography
Income
Other
Inside Gp Strategies Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statement Of Stockholders Equity Statement
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Basis Of Presentation
Business Held For Sale
Business Held For Sale - Narrative (Details)
Business Segments
Business Segments (Details)
Business Segments (Tables)
Debt
Debt (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Income Taxes
Income Taxes (Details Textual)
Intangible Assets
Intangible Assets (Details)
Intangible Assets (Tables)
Intangible Assets- Amortization (Details)
Lease
Lease (Tables)
Lease - Schedule Of Lease Expenses (Details)
Lease - Schedule Of Reconciliation Of Future Undiscounted Cash Flows To Operating Lease Liabilities After Adoption Of 842 (Details)
Lease - Schedule Of Supplemental Information Related To Leases (Details)
Recent Accounting Standards
Recent Accounting Standards (Policy)
Restructuring
Restructuring (Details)
Revenue
Revenue (Tables)
Revenue - Narrative (Details)
Significant Customers &Amp; Concentration Of Credit Risk
Significant Customers &Amp; Concentration Of Credit Risk (Details Textual)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Subsequent Event

Material Contracts, Statements, Certifications & more

Gp Strategies Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: GPX
CIK: 70415
Form Type: 10-Q Quarterly Report
Accession Number: 0000070415-21-000080
Submitted to the SEC: Thu May 06 2021 5:03:44 PM EST
Accepted by the SEC: Thu May 06 2021
Period: Wednesday, March 31, 2021
Industry: Educational Services

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/gpx/0000070415-21-000080.htm