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Losses Narrow At Engility On Strong Operating Earnings

Losses Narrow At Engility On Strong Operating Earnings
Engility CEO Lynn Dugle. Photo: Engility

Higher interest expense more than offset strong operating earnings at Engility [EGL] in the first quarter, but the company narrowed its losses from a year ago, the company said on Thursday after the close of the stock markets.The net loss was $3.2 million, 9 cents earnings per share (EPS), versus a loss of $13.4 million (55 cents EPS) a year ago, as interest expenses climbed nearly $11 million and taxes were also up substantially. Excluding $13 million in merger, integration…

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