COLUMBIA, Md., Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2024. Q2 2024 and Recent Highlights Improved gross profit growth driven by Engineering segment, with a 14% increase over Q1 of 2024 and Q2 of 2023.Achieved positive Adjusted EBITDA for the first half of 2024, du
COLUMBIA, Md., Aug. 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into a definitive merger agreement to be acquired by Pelican Energy Partners ("Pelican") in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of the directors of GSE, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.10 per share. The consideration per share represents a premium of approximately 5
GSE Solutions shows continual commitment to backing the American Nuclear Society by being a Gold Sponsor, with the presence of their new Chief Executive Officer and Chief Operating Officer COLUMBIA, Md., July 29, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, is proud to announce its participation in the upcoming American Nuclear Society (ANS) Utility Working Conference (UWC) from August 4-7, 2024, in Marco Island, Florida. This marks the fourth consecutive year GSE Solutions has participated as a Gold Sponsor,
DEFM14A - GSE SYSTEMS INC (0000944480) (Filer)
DEFM14A - GSE SYSTEMS INC (0000944480) (Filer)
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COLUMBIA, Md., May 13, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced the appointment of Mr. Damian DeLongchamp as Chief Operating Officer (COO). Mr. DeLongchamp has been with GSE for more than 7 years and most recently was the Vice President of GSE Programs and Performance group. He brings over 20 years of utility experience both domestically and abroad. His experien
COLUMBIA, Md., March 1, 2022 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and overall decarbonization initiatives of the power industry, today announced it has appointed Mr. Thomas J. Dougherty to its Board of Directors, as an independent director, effective immediately. Mr. Dougherty has more than 40 years of experience in plant operations, management, and support of nuclear power plants, including his service in the United States Navy Nuclear Submarine program.
Rolls-Royce SMR has enlisted GSE Solutions to develop a power station simulator, as it continues to mature the design of its Small Modular Reactor (SMR) technology and remains on track to complete Step 2 of the Generic Design Assessment this summer. COLUMBIA, Md., July 10, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP) is a world leader in advanced engineering and workforce solutions across the clean-energy and power industries. This simulator will play a key role in Rolls-Royce SMR's program to develop, verify and validate the performance and control systems of its unique 'factory-built' nuclear power plant. It forms part of a much wider program of developm
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COLUMBIA, Md., Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2024. Q2 2024 and Recent Highlights Improved gross profit growth driven by Engineering segment, with a 14% increase over Q1 of 2024 and Q2 of 2023.Achieved positive Adjusted EBITDA for the first half of 2024, du
Conference Call Scheduled for today, May 15, 2024 at 4:30pm ET COLUMBIA, Md., May 15, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support nuclear power and the decarbonization initiatives of the power industry, today announced its financial results for the first quarter ("Q1") ended March 31, 2024. Q1 2024 Highlights The Company reports revenue in Q1 2024 of $11.3 million, up 3.8% from $10.9 million in Q1 2023 and up 10.5% from $10.2 million in Q4 2023.Engineerin
COLUMBIA, Md., May 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced that it will issue its financial results press release for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024, after the close of the stock market. The GSE management team will host a conference call that day at 4:30 p.m. ET. First Quarter Fiscal 2024 Conference Call Details Date and T