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GP Strategies Corporation (NYSE: GPX) reported its Q1 2021 financial results, showcasing a gross profit of $21.4 million (18.7% margin) on revenues of $114.6 million. This is an improvement over Q1 2020, where gross profit was $17.6 million (13.7% margin) on revenues of $128.3 million. The company achieved a net income of $1.7 million ($0.09 per share), reversing a net loss of $1.3 million in the same period last year. The decrease in revenue is attributed to COVID-19's impact and divestitures. GP Strategies ended the quarter debt-free, positioning itself strongly for future growth.
GP Strategies Corporation (NYSE: GPX) will announce its Q1 2021 financial results on May 6, 2021, following which an investor conference call is scheduled at 12:00 p.m. ET. The call will include prepared remarks and a Q&A session with the executive management team. Interested participants can access the call via webcast or dial in. A replay will be available for a week. GP Strategies provides workforce transformation solutions aimed at improving organizational effectiveness.
GP Strategies (NYSE: GPX) has launched a new digital leadership program called Leadership Acceleration, aimed at enhancing the skills of experienced leaders. This program complements the existing Leadership Essentials and emphasizes both leadership skills and mindsets, including emotional intelligence and strategic thinking. It is designed to be globally scalable, enabling leaders to build inclusive teams and connect with a community of learners. The initiative addresses the challenges posed by rapid workplace changes while fostering development through interactive and engaging digital sessions.
GP Strategies Corporation (NYSE: GPX) reported Q4 2020 revenue of $123.1 million, up from $115.6 million in Q3 2020 but down from $155.4 million in Q4 2019. Gross profit for the quarter was $23.1 million, representing 18.8% of revenue. Diluted earnings per share were $0.47 compared to $0.56 the previous year. The company reduced long-term debt to $12.7 million and improved cash flow from operations to $13.6 million. Despite overall revenue declines linked to COVID-19 impacts, management remains optimistic about future opportunities.
GP Strategies Corporation (NYSE: GPX) will release its financial results for Q4 2020 on March 11, 2021. The announcement will be followed by an investor conference call at 10:00 a.m. Eastern Time, which will include prepared remarks and a Q&A session with the management team. Interested parties can access the call via webcast or by phone. A replay will be available for one week post-call. Forward-looking statements regarding the impact of COVID-19 on business performance are included, with important risk factors discussed in the SEC filings.
GP Strategies Corporation (NYSE: GPX) announced the establishment of an Automotive Advisory Board to enhance its global automotive practice. The board, comprising industry leaders like Jeremy Anwyl and Ernst H. Lieb, aims to provide strategic guidance on innovation and business development. Their expertise will assist GP Strategies in navigating the evolving automotive landscape, focusing on digital solutions and workforce transformation. This initiative is expected to strengthen GP Strategies' competitive advantage in the automotive sector.
GP Strategies Corporation (NYSE: GPX) will present at the 23rd Annual Needham Virtual Growth Conference on January 15, 2021, at 8:30 a.m. ET. CEO Adam Stedham and CFO Mike Dugan will hold one-on-one meetings with investors throughout the day. Presentation slides will be available on the company's Investor Relations page. GP Strategies specializes in workforce transformation and offers customized training and consulting solutions for sectors including automotive and technology.
GP Strategies Corporation (NYSE: GPX) reported Q3 2020 revenue of $115.6 million, a 16.8% decline from Q3 2019's $139.0 million. Gross profit was $20.7 million at 17.9% of revenue. Diluted EPS was $0.03, down from $0.13 in Q3 2019. However, adjusted EPS remained stable at $0.24. The company reduced long-term debt by $39.1 million, ending the quarter with $43.8 million in long-term debt. Cash flow from operations improved to $12.6 million, up from $10.9 million YoY.
GP Strategies Corporation (NYSE: GPX) will release its financial results for Q3 2020 on November 5, 2020, at 12:00 p.m. Eastern Time. The announcement includes an investor conference call and webcast, where executives will discuss the company's financial and operational performance, followed by a Q&A session. Interested participants can access the call via a provided link or by phone, with an option to pre-register. An archived version will be available on the GP Strategies website for 90 days post-call, while a telephonic replay will be accessible for a week.
