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Stock impact report

ENGlobal Reports Fourth Quarter and Fiscal Year 2018 Results

ENGlobal Corporation (ENG) 
US:NASDAQ Investor Relations: englobal.com
Company Research Source: GlobeNewswire
HOUSTON, March 28, 2019 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of engineered modular solutions to the energy industry, today announced a net loss of $5.7 million and a diluted loss per share of $0.21 for the fiscal year ended December 29, 2018. The Company incurred non-cash expenses for goodwill impairment, depreciation and amortization, and stock compensation of $2.7 million during 2018 and income tax expense of $0.1 million primarily due to state margin tax. Management's Assessment William Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal said: “The Company is making strides to benefit from the multi-year strategic initiative we began in the fall of 2017. We have identified modular project execution offerings as the opportunity to which our capabilities are best applied, and focused our business development team on communicating these offerings to specific clients. Seven strategic initiatives have been identified where Show less Read more
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