ENGlobal Reports Third Quarter Results
The following table illustrates the composition of the Company's revenue and results of operations for the three months ended September 30, 2010 and 2009, respectively:
|Quarter Ended September 30, 2010||Quarter Ended September 30, 2009|
|(Dollars in millions)|
|Segment||Total Revenue||% of Total Revenue||Gross Profit Margin||Operating Profit Margin||Total Revenue||% of Total Revenue||Gross Profit Margin||Operating Profit Margin|
The Company's consolidated gross profit margin as a percent of revenue decreased to 7.5% in the three months ended September 30, 2010 from 8.2% in the prior year period. The primary reasons for this decrease were competitive pressures to reduce margins, maintaining core employees in a down market and a declining backlog.
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