Sidoti Downgrades Global Power Equipment (GLPW) to Neutral
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Global Power (GLPW) to Restate FY14, Q1 Results
May 6, 2015 5:19 PM EDTGlobal Power (NASDAQ: GLPW) announced that it will delay the filing of its Form 10-Q for the first quarter of 2015 and restate its financial results for the annual period ended December 31, 2014. As a result, the Company is also withdrawing its previously issued earnings guidance for 2015 at this time.
Restatement of 2014 Financial Results
On May 5, 2015, the Audit Committee of the Board of Directors of Global Power (the "Audit Committee"), in consultation with its outside advisors and management, concluded that the financial statements for the annual period ended December 31, 2014 should not be... More
