THT Heat Transfer Technology, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales revenue of $7.910 million against $11.449 million a year ago. Operating income was $0.708 million against $0.844 million a year ago. Income before income taxes was $0.396 million against $0.681 million a year ago. Net income before noncontrolling interests was $0.336 million against $0.605 million a year ago. Net income attributable to the equity stockholders was $0.314 million or $0.02 per basic and fully diluted share against $0.557 million or $0.03 per basic and fully diluted share a year ago. Net cash used in operating activities was $2.621 million against $5.172 million a year ago. The decrease in sales was primarily attributable to lower sales revenue from heat exchange units, plate heat exchangers (PHEs) and shell-and-tube heat exchangers.

The company expects to generate sales revenue in the range of $9 million to $11 million in the second quarter 2013, compared with $11.2 million in the same period of 2012.