TexCom, Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to shareholders of a loss of $40,000 compared to income of $2,050,000 a year ago. Revenues were $2,702,000, decreasing from $4,154,000 a year ago. Operating income was $104,000, decreasing from $1,040,000 a year ago. Earnings per share on a fully diluted basis were a loss of $0.01, decreasing from income of $0.31 a year ago. Earnings were also reduced by other non-cash expenditures.

For the nine months, the company reported net income available to shareholders of $7,056,000, which includes the gain on the sale of the MB Environmental Services, LLC assets, increasing from $3,617,000. Revenues were $9,912,000, decreasing from $11,798,000, due to the sale of the MB Environmental Services, LLC assets in April. Operating income was $1,049,000, decreasing from $4,255,000. Operating income was impacted by the decline of revenues as noted above and the occurrence of approximately $700,000 of legal and professional fees incurred to complete divesture and acquisition transactions and complete the balance sheet restructuring. Earnings per share on a fully diluted basis were $0.87, an increase from $0.52 a year ago.