Global Power Equipment Group Inc GLPW
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/09/2012

Operator: Greetings, and welcome to the Global Power Equipment Third Quarter 2012 Financial Results Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder this conference is being recorded.

It is now my pleasure to introduce your host Ms. Deborah Pawlowski, Investor Relations for Global Power. Thank you, Ms. Pawlowski. You may now begin.

Deborah Pawlowski - IR: Thank you, Christian, and good morning, everyone. We certainly appreciate your time and interest in Global Power's. On the call today are Luis Manuel Ramirez, President and CEO; and David Willis, Chief Financial Officer. Luis and David will be reviewing the results of the quarter and provide a review of the Company's strategy and outlook. There are slides that will accompany our discussion and they can be found along with the earnings release within the Investor Relations section of the Company's website at if you don't already have them.

The Safe Harbor statement is noted in full on Slide 2. As you may be aware, we may make some forward-looking statements during this discussion as well as during the following question-and-answer session. These statements apply to future events and are subject to risks and uncertainties as well as other factors which could cause actual results to differ materially from what is stated here today. These risks and uncertainties and other factors are provided in the earnings release as well as other documents filed by the Company with the Securities and Exchange Commission. These documents can be found at the Company's website or at

If you would turn to Slide 3, you will find the order of our discussion today. First Luis will cover his observations and initial actions taken in his first 100 days with Global Power. Then we will provide an overview of the quarter and year-to-date period. David will then delve into the financial results and our 2012 guidance as well as some 2013 outlook and Luis will close with a review of our record backlog and our strategy for growth.

So turning to Slide 4, I'll introduce Luis. Luis?

Luis Manuel Ramirez - President and CEO: Thank you, Deborah, and good morning to everyone. As I mentioned during our last call I came to Global Power because of my excitement and really great impression of the business and what the business was doing in the natural gas space. Over the course of the last 100 days I've been able to do my own assessment of the overall business and I've come to some conclusions. The first one I would say is that despite that the market uncertainty we seem to have a very good product business around strong brands and quality. I'd say that the product business is well received by customers.

All of the interviews and discussions I've had with customers have been very positive and the overall market position of the business is also strong with a deep penetration to the customer base that they have today and a lot of global expansion, over the last few years, as those customers have gone globally with power generation projects.

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