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Company Description (as filed with the SEC)
ENGlobal Corporation (which may be referred to as “ENGlobal,” the “Company,” “we,” “us” or “our”), incorporated in the State of Nevada in June 1994, is a leading provider of engineering and professional services principally to the energy sector. All of the information contained in this Annual Report on Form 10-K relates to the annual periods ended December 31, 2011 and December 29, 2012. ENGlobal's revenues from continuing operations had grown from $210.8 million in 2010 to $237.6 million in 2011, an increase of approximately 12.7%. We accomplished this growth by expanding our engineering and professional service capabilities and our geographic presence through internal growth, including new initiatives. However, during the past year, we have experienced a downturn in our operations, with revenues declining to $227.9 million. As a result, our revenues from continuing operations for 2012 versus 2011 decreased by $9.7 million, a decrease of 4.1%. ... More ...