Houston-headquartered ENGlobal provides engineering and
related project services to domestic and international clients in the energy
sector. Operating through its Automation and Engineering segments, ENGlobal
deploys 29 years of experience through a global workforce focused on delivering
safe, effective and cost-efficient solutions.
ENGlobal’s skilled automation staff provides a wide range of
automation and control system application projects, and strategically leads
each product from conception through optimization. The Engineering (EPCM)
segment, which provides consulting services for the development, management and
execution of projects requiring professional engineering, construction
management, and related support services, is accredited with an outstanding
safety performance record. The segment has completed nearly 23 million
man-hours without a lost time injury.
Engineering News Record magazine for more than a decade has
ranked ENGlobal a Top 500 engineering design firm, recognizing the company’s
growth, management and engineering capabilities. ENGlobal has also been
recognized by Business Week magazine, the Houston Chronicle newspaper and
American Executive magazine.
ENGlobal’s skilled staff, global reputation and capabilities
have generated multiple alliance agreements with industry leading clients and
an increasingly hardy pattern of growth. In the 12 months of 2014 ENGlobal
turned to net income of $6.0 million, or EPS of $0.22, compared to a loss of
$2.3 million, or a loss of $0.08 per diluted share, the year prior; revenues
increased 21.1% to $107.9 million while gross profit margin increased 530 basis
points to 21.7%.
The 2014 results exceeded the company’s financial targets
for growth and created an enhanced position of opportunity for the remainder of
2015.
“I would like to sincerely congratulate the outstanding men
and women of ENGlobal for their contributions toward a successful 2014. We will
not be immune to some industry headwinds during 2015, but are currently
encouraged by the continued level of spending by our largely midstream and
downstream clientele. Having regained our footing once again, we now expect to
explore acquisition opportunities for external growth,” William Coskey, P.E.,
chairman and CEO of ENGlobal, stated in an earlier news release.
For more information visit www.englobal.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
