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News Breaks | | | | November 8, 2012 | | 18:20 EDT |  | GLPW | Global Power Equipment sees FY12 revenue $455M-$465M, consensus $496.98M
Adjustments from previous estimates are primarily related to lower expectations from the Services Division, as the Products Division is expected to exceed 20% year-over-year revenue growth in 2012 including an estimated $12M-$14M in revenue from the acquisitions of Koontz-Wagner and TOG. Gross margin expectation is improved to 17%-18% over previous expectations of approximately 16.5%. Operating expenses are expected to be 13%-13.5% of revenue including merger and acquisition related costs, $1.0M of non-cash amortization of acquired intangible assets and $1.2M in one-time expenses associated with changes in executive management. | |
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News For GLPW From The Last 14 Days Check below for free stories on GLPW the last two weeks. |
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| May 13, 2013 | | 07:41 EDT |  | GLPW | Global Power upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Global Power Equipment and raised its price target for shares to $22 from $20 citing confidence in the company's growth strategy. | |
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