Houston-based ENGlobal Corp.
(NASDAQ: ENG) operates as an energy-related automation and engineering company
operating through strategic business units to provide its services to the
global energy and government sectors.
ENGlobal’s Automation segment
focuses on the design, fabrication and implementation of distributed control,
instrumentation and process analytical systems, as well as products and
services supporting the environmental technology fields.
The Engineering (EPCM) segment
provides consulting services for the development, management and execution of
projects requiring professional engineering, construction management, and
related support services. Within this segment, ENGlobal’s Government Services
group provides engineering, design, installation and operation and maintenance
of various government, public sector and international facilities, and
specializes in the turnkey installation and maintenance of automation and
instrumentation systems for the U.S. defense industry worldwide.
Additionally, ENGlobal’s Subsea
Controls and Integration (SCI) group provides advanced process automation
design, engineering service and equipment for the effective integration of
communication protocols between topsides production facilities and subsea
devices.
ENGlobal is one of a couple
publicly traded engineering firms using Houston as an anchor for a worldwide
focus. Among them is KBR, Inc. (NYSE: KBR), which recently divested its
Building Group subsidiary as part of its restructuring plans announced last
December.
KBR serves the global
hydrocarbons and government services industries and, along with ENGlobal, which
consistently makes the list, was ranked by Engineering News Record magazine as
a Top 500 engineering design firm in 2015.
Another market participant on
the top ranking list is Jacobs Engineering Group, Inc. (NYSE: JEC). Based in
Pasadena, California, Jacobs Engineering also has a global reach and was
recently appointed by Managing Contractor Lend Lease Building Pty Ltd. for a
major extension to an existing contract for the New Air Combat Capability
(NACC) facilities project in Australia.
Though a similar market
participant in terms of offerings, ENGlobal’s smaller market cap (ENG $40.0M
vs. KBR $2.8B, and JEC $5.3B) and lower trading price (ENG under $2 vs. KBR,
just under $20, and JEC around $42) makes it a budget friendly option for
investors looking to add a cheaper, but long-standing and reputable engineering
firm to their portfolio.
In its nearly 30 years of
operations, ENGlobal has created a global workforce of more than 400 industry
leaders in a variety of fields, ranging from drafters and designers to
technical specialists, all of which are led by a highly experienced core
management team with years of industry experience.
William Coskey, founder of
ENGlobal, leads the company as its president and CEO. Coskey is supported by
Mike Harrison, senior vice president of business development, who worked for
Jacobs Engineering from 1996-2005, among other previous roles; and vice
president of human resources Scott Curd, who spent 14 years with KBR as senior
human resources manager.
Backed by an established
business model, decades of operations, and a leadership team leveraging recent
as well as previous experience working for larger industry firms, ENGlobal is
well-positioned to enjoy the opportunities of the broader global automation and
engineering markets.
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