0001171843-12-000061.txt : 20120105 0001171843-12-000061.hdr.sgml : 20120105 20120105165527 ACCESSION NUMBER: 0001171843-12-000061 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120105 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120105 DATE AS OF CHANGE: 20120105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENGLOBAL CORP CENTRAL INDEX KEY: 0000933738 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 880322261 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14217 FILM NUMBER: 12511891 BUSINESS ADDRESS: STREET 1: 654 N. SAM HOUSTON PKWY E STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77060-5914 BUSINESS PHONE: 281-878-1000 MAIL ADDRESS: STREET 1: 654 N. SAM HOUSTON PKWY E STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77060-5914 FORMER COMPANY: FORMER CONFORMED NAME: INDUSTRIAL DATA SYSTEMS CORP DATE OF NAME CHANGE: 19970123 8-K/A 1 f8ka_010512.htm FORM 8-K/A f8ka_010512.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549

 
FORM 8-K/A
 
CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
January 5, 2012
 
ENGlobal Corporation
 
(Exact name of registrant as specified in its charter)

 
Nevada
 
001-14217
 
88-0322261
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
 
654 N. Sam Houston Parkway E., Suite 400, Houston, Texas
 
77060-5914
(Address of principal executive offices)
(Zip Code)
 
Registrant's telephone number, including area code:   281-878-1000
 
 
________________________________________________________________________________
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
Item 7.01  Regulation FD Disclosure.

On November 10, 2011, the Company issued a press release announcing results for the three and nine months ended September 30, 2011 (the “Earnings Release”) in Item 2.02 of a current report on Form 8-K filed as Exhibit 99.1 on November 15, 2011. The Earnings Release contained certain non-GAAP financial information. The reconciliation of such non-GAAP financial information to GAAP financial measures is included in the Earnings Release.

On January 5, 2012, the Company posted certain Non-GAAP financial measures used in the press release, including other financial metrics, to ENGlobal’s website at www.englobal.com under the “Investor Relations – Financial Summary” section. Certain Non-GAAP financial measures are presented as management believes they are more indicative of the Company’s ongoing performance and how management evaluates its operational results and trends.  For the benefit of all investors, the data is attached hereto as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

99.1
Press release dated November 10, 2011 (incorporated by reference)
99.2
Financial Summary as of September 30, 2011


 

 
 
 
 
SIGNATURE
 
    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
ENGlobal Corporation
(Registrant)
 
January 5, 2012
(Date)
  
/s/   NATALIE S. HAIRSTON
Natalie S. Hairston
Chief Governance Officer, Corporate Vice President -
Investor Relations, and Corporate Secretary


EX-99.2 2 exh_992.htm EXHIBIT 99.2 exh_992.htm
EXHIBIT 99.2
 
ENGLOBAL Corporation (and its subsidiaries)
              
Financial Data
                                    
($MM)
                                    
   
Nine
Months
Ending
    
Fiscal Year Ending 12/31
  
   
2011
    
2010
    
2009
    
2008
    
2007
    
2006
  
                                     
Income Statement
                                    
Revenue
   $ 222.0     $ 320.6     $ 343.5     $ 493.3     $ 363.2     $ 303.1  
Cost of Revenues
     200.2       297.9       312.4       429.5       305.6       276.8  
Gross Profit
     21.8       22.7       31.1       63.8       57.6       26.3  
Operating Income
     (1.6 )     (17.3 )     3.0       31.6       23.3       (3.6 )
EBITDA
     1.1       (12.7 )     8.7       41.7       29.3       13.7  
EBITDA (Adjusted)
     3.2       (12.7 )     8.7       41.7       29.3       13.7  
                                                 
Balance Sheet
                                                
Cash
     0.03       0.05       0.14       1.00       0.91       1.40  
Current Assets
     83.6       75.2       62.1       110.7       77.4       72.3  
Current Liabilities
     54.0       45.0       25.8       52.1       34.5       37.1  
Working Capital
     29.6       30.2       36.3       58.6       42.9       35.2  
                                                 
                                                 
Short Term Debt and
                                                
Current Portion LTD
     21.5       21.2       1.1       2.9       2.4       2.5  
Long Term Debt
     -       0.3       6.2       23.9       29.3       27.2  
Total Debt
     21.5       21.4       7.2       26.8       31.7       29.7  
Shareholders' Equity
     62.3       65.1       78.7       76.8       55.8       40.9  
                                                 
Ratios
                                                
Current Ratio
     1.5       1.7       2.4       2.1       2.2       1.9  
Leverage Ratio
     0.35       0.33       0.09       0.35       0.57       0.73  
(Debt/Equity Ratio)