:

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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]