:

Business/Financial

Engility Swings To Loss In Third Quarter On Refinancing Fees, Acquisition Costs

By Cal Biesecker

Tuesday, November 1st, 2016

SHARE:

Engility Swings To Loss In Third Quarter On Refinancing Fees, Acquisition Costs

Engility CEO Lynn Dugle. Photo: Engility

Engility Holdings Inc. [EGL] on Tuesday posted a third quarter loss due to refinancing fees and acquisition costs related to two acquisitions while sales also fell.On the good news front, adjusted earnings easily outdistanced consensus expectations and orders were exceptionally strong.The net loss in the quarter was $16.8 million, 46 cents earnings per share (EPS), versus $3.7 million (10 cents EPS) of income a year ago. Excluding acquisition-related costs and bank fees, adjusted net income was $19 million (52 cents…

Budget

Defense Bill Tries To Block Foreign Shipbuilding, Adds $1 Billion For Second DDG

The final version of the House Armed Services Committee’s (HASC) fiscal year 2027 defense authorization bill included two amendments pushed by Rep. Jared Golden (D-Maine) that restrict procuring Navy warships […]

Congress

Replacement Munitions May Not Be One-for-One; May Include New Weapons Chemistries, Wittman Says

As the Pentagon looks to refill inventories of weapons used in Iran and elsewhere, replacements may not be one for one but instead mark a new portfolio mix, according to […]

Congress

HASC Approves $1.15 Trillion FY ‘27 NDAA With ‘Right To Repair’ Reform

The House Armed Services Committee (HASC) has approved its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA), with the panel moving to adopt a bipartisan […]

Congress

House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report

The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]