April 10, 2015 (www.investorideas.com newswire) ENGlobal recently announced that it has been awarded a contract for the engineering and design of a hydrodesulfurization unit to be installed for a major midcontinent refiner. ENGlobal attributed the award of the contract to its ability to deliver key scheduling benefits and efficient cost management services. Work on the project began immediately, and the company expects to complete the project later this year.
Hydrodesulfurization units are essential to reducing the environmental impact of the use of fuels in automobiles, aircraft, locomotives, ships, power plants and other forms of fuel combustion. By removing sulfur from natural gas and refined petroleum products, sulfur dioxide emissions are minimized and noble metal catalysts used to upgrade octane ratings are better preserved.
This new contract, as well as the recent announcement of ENGlobal's five-year extension agreement with Xcel Energy, continues to demonstrate the scope and diversity of work performed by the company. This expertise, along with the company's history of providing quality engineering work, has led to ENGlobal's inclusion among the Top 500 engineering design firms of Engineering News Record for more than a decade.
The company's reputation for excellence has led to significant financial growth in recent years. In 2014, the company recorded revenue of $107.9 million, marking an increase of 21.1 percent from the previous year. Similarly, ENGlobal achieved a net income of $6 million in 2014, outpacing 2013 by $8.3 million and positioning the company for significant growth opportunities as new energy regulations continue to appear on the horizon.
"[We] are currently encouraged by the continued level of spending by our largely midstream and downstream clientele," stated William Coskey, Chairman and Chief Executive Officer of ENGlobal. "Having regained our footing once again, we now expect to explore acquisition opportunities for external growth."
With three decades of experience in the automation and engineering, procurement and construction management (EPCM) industries, ENGlobal maintains an established presence in the energy industry in markets all over the world. Look for the company to continue building on the financial successes of 2014 moving forward, closing in on its vision of becoming the preferred provider of innovative automation integration services and select EPCM projects to clients around the globe.
Would work too. Even info to support a eps of .26 in 2015 would help. Obviously engineers have no pr sense!?!
In its recently reported fiscal 2014 financial results the company posted revenues of $107.9 million, an increase of more than 12% compared to revenues of $89.1 million in fiscal 2013, which included $79.8 million of revenues from the 2013 sale of the Gulf Coast EPCM business. The company turned to profit for 2014 with net income of $6.0 million, or $0.22 per diluted share, compared to a net loss of $2.3 million, or a loss of $0.08 per share, for the year prior. Less Less
In its recently reported fiscal 2014 financial results the company posted revenues of $107.9 million, an increase of more than 12% compared to revenues of $89.1 million in fiscal 2013, which included $79.8 million of revenues from the 2013 sale of the Gulf Coast EPCM business. The company turned to profit for 2014 with net income of $6.0 million, or $0.22 per diluted share, compared to a net loss of $2.3 million, or a loss of $0.08 per share, for the year prior. Less
April 6, 2015 (www.investorideas.com newswire) Applying years of automation expertise and broad industry experience, Houston-based ENGlobal provides innovative, cost-effective automation, instrumentation and specialty construction projects and related support services to customers worldwide. The underlying commitment is to become a preferred provider of innovative automation integration services and select EPCM (engineering, procurement and construction management) projects for clients across the globe.
Consistently ranked by Engineering News Record magazine as a Top 500 engineering design firm, ENGlobal is comprised of a global workforce of more than 400 industry leaders in a variety of fields, ranging from drafters and designers to technical specialists. These professionals are the pistons behind the company's three fields of focus: Automation, EPCM and Subsea Controls and Integration (SCI).
ENGlobal's Automation segment designs, fabricates and implements distributed control, instrumentation and process analytical systems, as well as offers products and services that support the environmental technology fields.
The Engineering (EPCM) segment's consulting services are designed for the development, management and execution of projects requiring professional engineering, construction management and related support services. Within this segment is the Government Services group, which offers 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.
ENGlobal's SCI group standardizes the subsea process control environment resulting in advanced process automation design, engineering service and equipment for the effective integration of communication protocols between topsides production facilities and subsea devices. SCI's operations are based on its patented Universal Master Control Station (UMCS) that can communicate to virtually any subsea equipment.
Now in its 29th year of operations, ENGlobal has established a solid financial foundation and proven ability to consistently grow company revenues and value.
In its recently reported fiscal 2014 financial results the company posted revenues of $107.9 million, an increase of more than 12% compared to revenues of $89.1 million in fiscal 2013, which included $79.8 million of revenues from the 2013 sale of the Gulf Coast EPCM business. The company turned to profit for 2014 with net income of $6.0 million, or $0.22 per diluted share, compared to a net loss of $2.3 million, or a loss of $0.08 per share, for the year prior.
I registered on their website for email blasts, and they spend several bucks to mail me copies of their sec filings for the past year! File 13 material, #theyRclueless!
A company that has achieved positive earnings and can't seem to communicate with shareholders needs a manager who can. Positive earnings and patents is worth more than $1.70 per share. On the other hand a larger group could take this over especially at this price. Word of mouth marketing is not making it and with no marketing of the shares without a conference call or other real news is baffling.
Downsizing done, low margin business is gone, revenues up especially automation, no debt, available credit facility, margins improved and adequate backlog. Earnings positive during a slow quarter. Patents are impressive. No marketing beyond word of mouth, that needs to be diversified to gain what appear to be excellent services. And as we know no pr other than the investor ideas group which does even show on yahoo and the stories don't say anything. Insiders own huge amounts which makes me wonder why basically a penny stock price is ok with them???
No one knows the stock. No real earnings release, no conference call, no outlook from management and finally no apparent interest in shareholder value. I thought maybe there was an announcement coming from the energy alternative business but .....
Maybe management does not know how to build value? Positive earnings, renewed 5 year contracts and a share price of $1.60 makes no sense what so ever.
Because of that silence, investors become suspicious that something bad is brewing. When in fact I believe something good is about to happen. Such a good report why would management not take a bow every now and then. Time will tell.
I plan to read more thoroughly this weekend.
Quick read shows continued good news for 2015. What's not there (I think) is the recent talk about environmental opportunities. We have got to get a brokerage coverage or this will be dead money. Overall, 2015 should be good with a possibility of new business. The essential need for energy groups to rein in costs is eng expertise. Good luck longs
Looks good especially considering the oil market collapse. Mentions acquisitions? Guess we will have to wait for sec filing for specifics. This not a $2 stock. Hopefully someone will pick up coverage with a buy rating!
Yup. Such a secretive company, strange really for a public company. Maybe they wished they weren't public?