ENGlobal reports Q1 EPS (27) vs. ($1.33) last year

Reports Q1 revenue $6.5M vs. $13.2M last year. “ENGlobal continued to make progress in repositioning its business in the first three months of 2024 as we focus on returning to our roots as a firm providing best-in-class project engineering and automation services to both private sector and government clients,” said William A. Coskey, P.E. Chairman and Chief Executive Officer of ENGlobal. “While we posted a modest loss in the first quarter, we believe we are on a path to profitability through improved operating efficiencies and a commitment to enhanced project execution.”