This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ENGlobal Reports Fourth Quarter And Fiscal Year 2010 Results

For fiscal year 2010, ENGlobal reported a net loss of $11.8 million and earnings per diluted share from continuing operations of $(0.43), primarily due to previously announced SLE and Bigler write offs in the second and third quarters of 2010, respectively. This represents a decrease of 1,083% over net income of $1.2 million and a decrease of 1,175% over earnings per diluted share of $0.04 as compared to fiscal year 2009. Revenue for fiscal year 2010 was $320.6 million - 7% lower than fiscal year 2009.

The following table illustrates the composition of the Company's revenue for the fiscal years ended December 31, 2010 and 2009, respectively:

  Year Ended Year Ended
  December 31, 2010 December 31, 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
                 
Engineering & Construction $ 161.1 50.2% 7.6% (3.6)% $ 153.7 44.7% 7.4% 3.0%
Automation 64.0 20.0% 5.2% (1.8)% 72.3 21.1% 12.0% 6.3%
Field Solutions 95.5 29.8% 7.5% 3.9% 117.5 34.2% 9.3% 6.4%
  $ 320.6 100.0%     $ 343.5 100.0%    

The Company estimates its current backlog, $244.2 million as of December 31, 2010, is approximately 8% higher than the $227.0 million reported for the same prior year period.

3 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs