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Stock impact report

ENGlobal Reports Results for Third Quarter 2019

ENGlobal Corporation (ENG) 
US:NASDAQ Investor Relations: englobal.com
Company Research Source: GlobeNewswire
Houston, Nov. 12, 2019 (GLOBE NEWSWIRE) -- ENGlobal (NASDAQ:ENG), a leading provider of engineered modular solutions, today reported that for the third quarter ended September 28, 2019, the company had a net loss of $716,000, or $(.03) per diluted share, on revenue of $13,974,000, compared to a net loss of $197,000, or $(.01) per diluted share, on revenue of $14,255,000 for the same period in 2018. The company is continuing to execute its strategic business transition which focuses on utilizing its resources to supply higher-value, complete modular process and automation systems. A major factor in the company’s increased net loss for the quarter was due to upfront proposal and staffing costs incurred by its Engineering segment in advance of expected awards. ENGlobal announced the first of these awards on November 8 with an initial contract valued in excess of $20 million to supply process modules that will be used to construct a complete hydrogen production facility. The Company’s Show less Read more
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