---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-003783"
form_type: "8-K"
ticker: null
cik: "0000933738"
company_name: "ENGLOBAL CORP"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:53:20.326280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ENGlobal FY2023 revenue $39.0M, net loss $15.2M; backlog $13.3M

## Summary
- Revenue $39.0M (down 3% from $40.2M); net loss $15.2M improved from $18.5M.
- Diluted EPS loss $(3.03) vs $(4.16) prior year; includes $1.8M impairment.
- Backlog $13.3M at year-end; new bookings $30.7M in 2023, $4.6M in Jan-Feb 2024 (book-to-bill 1.15).
- Payroll costs cut >50%; billable utilization improved 15-20 percentage points.
- CEO cites repositioning, legacy project challenges, and strategic partnership discussions for 2024.

## SEC filing metadata
- accession: 0001654954-24-003783
- form_type: 8-K
- cik: 0000933738
- company_name: ENGLOBAL CORP
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933738/000165495424003783/0001654954-24-003783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933738/000165495424003783/eng_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-003783
- JSON: https://secwatch.observer/filing/0001654954-24-003783.json
- Plain text: https://secwatch.observer/filing/0001654954-24-003783.txt

## Key facts
- Earnings Releases
  ENGLOBAL CORP reported the year ended December 30, 2023 results: revenue $39.0 million, net income $15.2 million, EPS $3.03 per fully diluted share.
  - Period: the year ended December 30, 2023
  - Revenue: $39.0 million
  - Net income: $15.2 million
  - EPS: $3.03 per fully diluted share
  - Result: reported results
  source text: Revenues for the year ended December 30, 2023 were $39.0 million, a decrease of $1.2 million from $40.2 million for the year ended December 31, 2022. Net loss for 2023 was $15.2 million compared to net loss of $18.5 million in 2022. ENGlobal lost $3.03 per fully diluted share in 2023 compared to a loss of $4.16 per fully diluted share in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933738/000165495424003783/0001654954-24-003783-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.