:

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…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]