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Engility Holdings, Inc. (EGL) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Engility Holdings, Inc.

CIK: 1544229 Ticker: EGL

Exhibit 99.1

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Engility Reports First Quarter 2017 Results

 

First quarter 2017 revenue of $485 million

GAAP EPS of $0.18 and Adjusted EPS of $0.55 for the first quarter of 2017

First quarter 2017 book-to-bill ratio of 1.2x and trailing twelve-month book-to-bill ratio of 1.4x

Company reiterates fiscal year 2017 guidance

 

CHANTILLY, VA – May 4, 2017, Engility Holdings, Inc. (NYSE: EGL) today announced financial results for the first quarter ended March 31, 2017.

CEO Commentary

“Today, we reported solid first quarter results reflecting improving company fundamentals,” said Lynn Dugle, Chief Executive Officer of Engility. “In particular, we are pleased to report strong margins and a book-to-bill ratio of greater than one for the quarter. Also, as part of upgrading our talent, we successfully recruited a proven executive, Scott Whatmough, to lead our Defense Group. Looking forward, we are aggressively pursuing organic growth by targeting larger opportunities that are aligned with our differentiated capabilities.”

First Quarter 2017 Results

Total revenue for the first quarter of 2017 was $485 million. GAAP operating income was $34 million and GAAP operating margin was 7.0%. GAAP net income attributable to Engility was $7 million, or $0.18 per diluted share. Cash flow used in operating activities was $12 million.

Adjusted operating income was $41 million and adjusted operating margin was 8.4%. Adjusted net income attributable to Engility was $21 million, or $0.55 per diluted share. Adjusted EBITDA was $45 million and adjusted EBITDA margin was 9.4%.

Information about the Company's use of non-GAAP financial information is provided below under “Non-GAAP Measures.”

Key Performance Indicators for the First Quarter of 2017

Book-to-bill ratio for the first quarter of 2017 was 1.2x. Net bookings for the first quarter of 2017 were $567 million, a 43% increase over the first quarter of 2016.

Total backlog at the end of the first quarter of 2017 was $3.5 billion, an increase of 20% from the first quarter of 2016.

Days sales outstanding (DSO) at the end of the first quarter of 2017, net of advanced payments, was 60 days, compared to 59 days at the end of the first quarter of 2016.

Cash flow used in operating activities was $12 million for the first quarter of 2017.

During the first quarter of 2017, the Company made total debt payments of $32 million.

 


The following information was filed by Engility Holdings, Inc. (EGL) on Thursday, May 4, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Engility Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Unaudited Consolidated Balance Sheets
Unaudited Consolidated Balance Sheets (parenthetical)
Unaudited Consolidated Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income (loss)
Unaudited Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Unaudited Consolidated Statements Of Operations
Basis Of Presentation
Basis Of Presentation (policies)
Basis Of Presentation (tables)
Basis Of Presentation - Additional Information (details)
Basis Of Presentation - Earnings Per Share (details)
Commitments And Contingencies
Debt
Debt (tables)
Debt - Additional Information (details)
Debt - Schedule Of Composition Of Debt (details)
Debt - Schedule Of Composition Of Debt (parenthetical) (details)
Defined Benefit Plans
Defined Benefit Plans (tables)
Defined Benefit Plans - Additional Information (details)
Defined Benefit Plans - Components Of Net Periodic Benefit Costs For Defined Benefit Plans (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (details)
Fair Value Measurements - Fair Value Liabilities Measured On A Recurring Basis (details)
Fair Value Measurements - Other Terms Of Instruments (details)
Goodwill And Identifiable Intangible Assets
Goodwill And Identifiable Intangible Assets (tables)
Goodwill And Identifiable Intangible Assets - Additional Information (details)
Goodwill And Identifiable Intangible Assets - Amortization Expense Recorded For Identifiable Intangible Assets (details)
Goodwill And Identifiable Intangible Assets - Information On Identifiable Intangible Assets (details)
Income Taxes
Income Taxes - Additional Information (details)
New Accounting Pronouncements
New Accounting Pronouncements - Additional Information (details)
Receivables
Receivables (tables)
Receivables - Components Of Contract Receivables (details)
Restructuring Costs
Restructuring Costs (tables)
Restructuring Costs - Summary Of Restructuring Cost (details)
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness (tables)
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness - Additional Information (details)
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness - Unaudited Supplemental Condensed Consolidating Balance Sheet (details)
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness - Unaudited Supplemental Condensed Consolidating Statement Of Cash Flows (details)
Separate Financial Information Of Subsidiary Guarantor Of Indebtedness - Unaudited Supplemental Condensed Consolidating Statement Of Operations And Comprehensive Income (loss) (details)
Share-based Compensation
Share-based Compensation - Additional Information (details)

Material Contracts, Statements, Certifications & more

Engility Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: EGL
CIK: 1544229
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-17-008854
Submitted to the SEC: Thu May 04 2017 5:16:46 PM EST
Accepted by the SEC: Thu May 04 2017
Period: Friday, March 31, 2017
Industry: Engineering Services

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