Global Partners (GLP) Misses Q1 EPS by 8c; Appoints New Board Member

Global Partners (NYSE: GLP) reported Q1 EPS of ($0.21), $0.08 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $2.23 billion.

Global Partners also announced that the Board of Directors of its general partner, Global GP LLC, has elected Daphne H. Foster, 58, the Partnership’s Chief Financial Officer, to the Board, effective May 6, 2016.

“Daphne’s election to the Board recognizes the significant contributions she has made to Global over the past nine years, as well as the capital markets insight and financial leadership she brings to this vital governance role,” said Richard Slifka, Chairman of the Board. “Whether building an effective capital structure to serve our long-term growth objectives, strengthening our fiscal management or enhancing our treasury function, Daphne has applied her strategic expertise to successfully move Global forward. On behalf of the entire Board, I welcome her as our seventh director.”

Foster, who joined Global in 2007, was elected Treasurer of the Partnership in 2010 and promoted to CFO in 2013. She received her bachelor’s degree and MBA from Boston University.

For earnings history and earnings-related data on Global Partners (GLP) click here.

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