ENGlobal provides engineering/construction services to primarily energy , power, and chemical sector clients. This puts them at the sweet spot of several industries that are experiencing booms. They also do a chunk of work for the government and some infrastructure projects.
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Operating Highlights:
First Quarter 2008 Highlights Compared to First Quarter 2007:
-- Revenue increased 20% to a record $98.2 million.
-- Operating profit margin improved to 7.4%, from 6.8%.
-- Net income increased 27% to approximately $4.0 million.
-- 100% of quarter-over-quarter revenue increase is attributable to organic or non-acquisition related growth.
-- Bi-weekly billable hours averaged 208,000 hours, up 20%, compared to 174,000 hours.
-- Employee count increased 8% to approximately 2,600. |
$10.15 (05/21/08)
