THT Heat Transfer Technology, Inc. reported consolidated unaudited earnings results for the second quarter ended June 30, 2012. For the quarter, the company reported sales revenue was $11,195,000 against $14,179,000 a year ago. Operating income was $1,830,000 against $3,088,000 a year ago. Income before income taxes was $1,470,000 against $3,737,000 a year ago. Net income attributable to the equity stockholders was $1,440,000 against $3,313,000 a year ago. Earnings per share was $0.07 against $0.16 per share a year ago. Net cash used in operating activities was $1,449,000 against $10,133,000 a year ago. Sales revenue for the second quarter 2012 decreased 21.0% from $14.2 million during the same period in 2011, primarily due to lower sales revenue from plate heat exchangers and air-cooled heat exchangers.

THT expects to generate sales revenue in the range of $10 million to $12 million in the third quarter 2012, compared with $10.3 million in the third quarter 2011. This represents the company's preliminary view, and is subject to change.