Global Power Equipment Group Inc. announced that Candice Cheeseman, who had served as the company's general counsel and secretary since May 2004 and as its vice president of administration since July 2008, has resigned, effective February 19, 2010, in order to assume the position of general counsel at SemGroup Corporation. In the short term, Ryan Sacra of Conner & Winters, LP, will serve as the company's outside Acting General Counsel, and responsibilities for the other various functions Candice performed have been reassigned to other members of the management team who will continue to have the able assistance of the company's outside professional advisors.

Global Power Equipment Group Inc. announced that it has entered into Amendment No. 3 to the Credit Agreement (the "Amendment") effective December 31, 2009, amending certain terms of its original Credit Agreement dated January 22, 2008, as previously amended. Among other things, the amendment modifies certain restrictions to allow increased flexibility for the company and its domestic subsidiaries to enter into certain kinds of joint ventures, to issue credit support for foreign operations and to permit the movement of cash to foreign subsidiaries to support working capital requirements. The amendment also modifies the pricing grid for loans and amounts payable in connection with letters of credit, modifies the fixed charges coverage ratio during mid-2010 and adds a provision allowing for permitted acquisitions limited to $5 million per transaction or $10 million in the aggregate, subject to conditions outlined in the Amendment. The company prepaid $20,000,000 of term debt upon execution of the Amendment, which consisted of prepayment of $15,000,000 of the excess cash flow payment due in April, 2010 and $5,000,000 of scheduled amortization payments due through December, 2010.

Global Power Equipment Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $1,839,000 or $0.01 per diluted common share on total revenues of $95,784,000 against net income of $16,997,000 or $0.12 per diluted common share on total revenues of $129,916,000 in the same period of last year. Operating income was $3,087,000 against $15,017,000 in the same period of last year. Income from continuing operations was $1,013,000 or $0.01 per diluted common share compared to income from continuing operations of $11,737,000 or $0.09 per diluted common share in the same period of previous year. Quarterly earnings which were negatively impacted by a significant cost overrun on a contract in Products division. EBITDAR (earnings before interest, taxes, depreciation and amortization and reorganization expense) from continuing operations was $4,300,000 against $16,000,000 in the same period of last year. For the nine months ended September 30, 2009, the company reported net income of $31,906,000 or $0.23 per diluted common share on total revenues of $377,563,000 against net income of $24,611,000 or $0.19 per diluted common share on total revenues of $398,575,000 in the same period of last year. Operating income was $33,243,000 against $41,263,000 in the same period of last year. Income from continuing operations was $23,731,000 or $0.17 per diluted common share compared to income from continuing operations of $6,110,000 or $0.05 per diluted common share in the same period of previous year. Net cash provided by operating activities was $58,529,000 against net cash used in operating activities of $149,972,000 in the same period of last year. EBITDAR (earnings before interest, taxes, depreciation and amortization and reorganization expense) from continuing operations was $36,300,000 against $44,200,000 in the same period of last year.

Global Power Equipment Group Inc. Sets Date for 2010 Annual Meeting of Stockholders

Global Power Equipment Group Inc. Sets Date for 2010 Annual Meeting of Stockholders

Global Power Equipment Group Engages ICR as New Investor Relations Advisor

Global Power Equipment Group Engages ICR as New Investor Relations Advisor

Global Power Announces Departure of General Counsel Candice Cheeseman

Global Power Announces Departure of General Counsel Candice Cheeseman

Global Power Equipment Group Inc. Reports Earnings for the Three and Nine Months Ended September 30, 2009

Global Power Equipment Group Inc. to Release Earnings for the Three and Nine Months Ended September 30, 2009

Global Power Equipment Group Inc. Announces Amendment No. 3 to Credit Agreement

Global Power Equipment Group Inc. Announces Amendment No. 3 to Credit Agreement

Global Power Equipment Group Inc. Reports Earnings for the Three and Nine Months Ended September 30, 2009

Global Power Announces Appointment of David L. Keller as President and Chief Executive Officer

Global Power Equipment Group Inc. to Release Earnings for the Three and Nine Months Ended September 30, 2009

Global Power Appoints Frank E. Williams, Jr. as New Director