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Engility’s Earnings Fall In Second Quarter But Results Beat Expectations

Cal Biesecker By
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Engility’s Earnings Fall In Second Quarter But Results Beat Expectations
Engility CEO Lynn Dugle. Photo: Engility

Engility Holdings [EGL] on Monday reported lower earnings and sales in its second quarter but the company turned in strong bookings that have extended into the third quarter and sees a return to organic growth in 2017.Net income slid 80 percent to $2.5 million, 7 cents earnings per share (EPS), from $13.1 million (35 cents EPS) a year ago. Excluding $9 million in various costs associated with the acquisitions of TASC and Dynamics Research Corp. more than a year ago,…

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