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Business/Financial

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

By Cal Biesecker

Tuesday, November 1st, 2016

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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…

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