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GP Strategies Reports Strong First Quarter 2012 EPS of $0.23
Date:5/3/2012

ELKRIDGE, Md., May 3, 2012 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) today reported financial results for the quarter ended March 31, 2012.

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 s
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    SOURCE GP Strategies Corporation
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