Houston-based ENGlobal Corp. (NASDAQ: ENG) operates as an energy-related automation and engineering company operating through strategic business units to provide its services to the global energy and government sectors.
ENGlobal’s Automation segment focuses on the design, fabrication and implementation of distributed control, instrumentation and process analytical systems, as well as products and services supporting the environmental technology fields.
The Engineering (EPCM) segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services. Within this segment, ENGlobal’s Government Services group provides engineering, design, installation and operation and maintenance of various government, public sector and international facilities, and specializes in the turnkey installation and maintenance of automation and instrumentation systems for the U.S. defense industry worldwide.
Additionally, ENGlobal’s Subsea Controls and Integration (SCI) group provides advanced process automation design, engineering service and equipment for the effective integration of communication protocols between topsides production facilities and subsea devices.
ENGlobal is one of a couple publicly traded engineering firm using Houston as an anchor for a worldwide focus. Among them is KBR, Inc. (NYSE: KBR), which recently divested its Building Group subsidiary as part of its restructuring plans announced last December.
KBR serves the global hydrocarbons and government services industries and, along with ENGlobal, which consistently makes the list, was ranked by Engineering News Record magazine as a Top 500 engineering design firm in 2015.
Another market participant on the top ranking list is Jacobs Engineering Group, Inc. (NYSE: JEC). Based in Pasadena, California, Jacobs Engineering also has a global reach and was recently appointed by Managing Contractor Lend Lease Building Pty Ltd. for a major extension to an existing contract for the New Air Combat Capability (NACC) facilities project in Australia.
Though a similar market participant in terms of offerings, ENGlobal’s smaller market cap (ENG $40.0M vs. KBR $2.8B, and JEC $5.3B) and lower trading price (ENG under $2 vs. KBR, just under $20, and JEC around $42) makes it a budget friendly option for investors looking to add a cheaper, but long-standing and reputable engineering firm to their portfolio.
In its nearly 30 years of operations, ENGlobal has created a global workforce of more than 400 industry leaders in a variety of fields, ranging from drafters and designers to technical specialists, all of which are led by a highly experienced core management team with years of industry experience.
William Coskey, founder of ENGlobal, leads the company as its president and CEO. Coskey is supported by Mike Harrison, senior vice president of business development, who worked for Jacobs Engineering from 1996-2005, among other previous roles; and vice president of human resources Scott Curd, who spent 14 years with KBR as senior human resources manager.
Backed by an established business model, decades of operations, and a leadership team leveraging recent as well as previous experience working for larger industry firms, ENGlobal is well-positioned to enjoy the opportunities of the broader global automation and engineering markets.
For more information, visit www.englobal.com
