Key Developments: Global Power Equipment Group Inc (GLPW.O)
15.75USD
19 Jun 2013
$-0.24 (-1.50%)
$15.99
$15.94
$15.95
$15.65
18,656
50,995
$22.35
$13.55
Latest Key Developments (Source: Significant Developments)
Global Power Equipment Group Inc Reaffirms FY 2013 Revenue Guidance
Global Power Equipment Group Inc announced that excluding the recent Hetsco acquisition, Global Power's revenue expectations for 2013 remain unchanged at $485 million to $515 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $502 million for fiscal 2013. Full Article
Global Power Equipment Group Inc Declares Quarterly Cash Dividend
Global Power Equipment Group Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share. The dividend will be payable on or about June 28, 2013 to stockholders of record at the close of business on June 14, 2013. Full Article
Platte River Equity Announces Sale Of Hetsco, Inc To Global Power Equipment Group Inc
Platte River Equity announced the sale of its portfolio company, Hetsco, Inc. (Hetsco) to Global Power Equipment Group Inc. (Global Power). Headquartered in Greenwood, Indiana and founded in 1981, Hetsco is the provider of emergency and planned repairs for brazed aluminum heat exchangers, the critical process equipment used in air separation and other gas processing applications. Hetsco also provides maintenance, fabrication, construction, relocation and safety services to the industrial gas, gas processing, LNG and utility companies. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, and St. Charles Capital served as the exclusive financial advisor to Hetsco. Thompson Hine LLP served as legal counsel and TM Capital served as financial advisor to Global Power. Financial terms were not disclosed. Full Article
Global Power Equipment Group Inc Acquires Hetsco, Inc
Global Power Equipment Group Inc announced that it has acquired privately-owned Hetsco, Inc. Hetsco is a global provider of mission critical brazed aluminum heat exchanger (BAHX) repair, maintenance and safety services to the industrial gas, liquefied natural gas (LNG) and petrochemical industries. The $32.5 million cash acquisition closed on April 30, 2013. Full Article
Global Power Equipment Group Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates
Global Power Equipment Group Inc announced that for fiscal 2013, it expects consolidated revenue to be in the range of $485 million to $515 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $520 million for fiscal 2013. Full Article
Global Power Equipment Group Inc Declares Quarterly Cash Dividend
Global Power Equipment Group Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share. The dividend will be payable on or about March 29, 2013 to stockholders of record at the close of business on March 18, 2013. Global Power has approximately 16.8 million shares of its common stock outstanding as of March 4, 2013. Full Article
Global Power Equipment Group Inc Declares Quarterly Cash Dividend
Global Power Equipment Group Inc announced that its board of directors has declared a quarterly cash dividend of $0.09 per common share. The dividend will be payable on or about December 28, 2012, to stockholders of record at the close of business on December 10, 2012. Global Power has approximately 17.0 million shares of its common stock outstanding. Full Article
Global Power Equipment Group Inc Lowers FY 2012 Revenue Guidance
Global Power Equipment Group Inc announced that for fiscal 2012, it expects consolidated revenue in the range of $455-$465 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $497 million for fiscal 2012. Full Article
Global Power Equipment Group Inc Acquires TOG Holdings, Inc.
Global Power Equipment Group Inc announced that it has acquired the equity of TOG Holdings, Inc., together with subsidiary, TOG Manufacturing Corporation (TOG). TOG provides precision machined metal and alloy parts to original equipment manufacturers for the steam and natural gas turbine power generation market. Terms of the transaction were not disclosed. Full Article
Global Power Equipment Group Inc Declares Quarterly Dividend
Global Power Equipment Group Inc announced that the Board of Directors has authorized the quarterly dividend of $0.09 per share to shareholders of record at the close of business on September 10, 2012 which will be payable on or about September 28, 2012. Full Article
Global Power Equipment may gain over 20 pct within year: Barron's
- Global Power Equipment Group Inc shares could provide investors with a total return exceeding 20 percent within a year, as the turbine equipment company gets a boost from operating improvements and a large order backlog, Barron's said in its February 25 edition.
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