Meeting is June 18th
Problem is the stock price will be 1.00 or less without some stimulus. It is about at my sell price.
And no new business. Cash flow was wonderful and received payment of some 5 million after the end of the quarter boosting flow even higher. Backlog cut significantly leaving a smaller backlog of which 1/2 is the pipeline project in Russia region. No debt, 10 million credit facility and 2 million stock buy back. And yet a 2 cent profit. Why do I want to hold? Anyone have ideas? It is almost like management has painting this bleak picture for the buy back?
The info of the last month seems to say that earnings are REAL good. So buy it while you can!
Seems they are indicating growth!
Interesting that they will fund out of cash? They are not worried about cash flow which should mean good earnings.
I would think they would buy when the price is depressed? If eps is 10 cents or higher, they will pay more to buy back. Could be wrong but buying before earnings in two weeks will go further in number of shares.
Issue earnings report.
Perhaps that means the earnings report will be good? If one did not know better, it could seem the low share price was intentional in order to buy back at a low price? It might be rewarding to the patient investor? The November - December quarter is always the lowest due to holidays and leave that do not generate revenues and they still had positive earnings. May the Force be with us!
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