Important Disclaimer Notice
Certain of the statements contained in these reports (other than financial statements and other statements of historical fact) are forward-looking statements. Words such as “expects” and “believes” and “anticipates” indicate the presence of forward-looking statements. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on us will be those anticipated by management.
February 1, 2022
LUFKIN, Texas, February 1, 2022 – TreeCon Resources, Inc. today reported its results for the fiscal year of 2021 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.
For the year ended September 30, 2021, revenue increased $7,976,244, or approximately 10% from $76,711,281 to $84,687,525, compared to the corresponding twelve-month period ended September 30, 2020. Gross profit increased by $2,563,567, or approximately 15%, from $16,654,065 to 19,517,632. Net Income increased by 3,294,002, or approximately 155%, from $2,124,715 to $5,418,717 compared to the twelve-month period ended September 30, 2020. On a per share basis, net income from the year was 24.0 cents per share compared to 9.4 cents per share in 2020.
During the year, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,792,342. Following guidance published by the SEC and AICPA, the Company recognized the full $1,792,342 of PPP loans during the year as “Other Income”.
During September 2021, the Company’s sawmill was burnt in a fire and is not expected to be back in normal operations until 2023. The Company expects to incur approximately $20m in debt to rebuild the sawmill.
Additional summarized financial information is available at the financial section of this website.
May 13, 2021
LUFKIN, Texas, May 13, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2021, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate.
Revenue for the quarter ended March 31, 2021 was $19,691,097, an increase of $2,177,744, or 12%, compared to $17,513,353 in the quarter ending March 31, 2020. Net income for the quarter was $1,872,585, an increase of $1,651,309, or 746%, compared to $221,276 in the quarter ended March 31, 2020. On a per share basis, earnings for the quarter were 8.3 cents per share compared 1.0 cents per share in 2020.
For the six-month period ending March 31, 2021, revenues increased $3,304,216, or approximately 10%, from $34,772,356 to $38,076,572, compared to the corresponding six-month period ended March 31, 2020. Net income increased by $1,959,296, or approximately 529%, from $368,616 to $2,317,912, compared to the six-month period ended March 31, 2020. On a per share basis, fully diluted net income for the six-month period was 10.3 cents per share compared to 1.6 cents per share in 2020.
Additional summarized financial information is available at the financial section of this website
March 10, 2021
LUFKIN, Texas, March 10, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2021, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2020 was $18,385,475, an increase of $1,126,472, or 7%, compared to $17,259,003 in the quarter ending December 31, 2019. Net income for the quarter was $445,327, an increase of $297,987, or 193%, compared to $147,340 in the quarter ended December 31, 2019. On a per share basis, earnings for the quarter were 2.0 cents per share compared .7 cents per share in 2019.
Additional summarized financial information is available at the financial section of this website
February 3, 2021
LUFKIN, Texas, February 3, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fiscal year of 2020 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.
For the year ended September 30, 2020, revenue decreased $11,619,901, or approximately 13% from $88,331,182 to $76,711,281, compared to the corresponding twelve-month period ended September 30, 2019. Gross profit decreased by $3,271,211, or approximately 16%, from $20,225,276 to 16,654,065. Net Income increased by 1,447,593, or approximately 214%, from $677,122 to $2,124,715 compared to the twelve-month period ended September 30, 2019. On a per share basis, net income from the year was 9.4 cents per share compared to 2.5 cents per share in 2019.
Revenue for the quarter ended September 30, 2020 was $24,185,127, a increase of $6,178,052, or 34%, compared to $18,007,075 in the quarter ending September 30, 2019. Gross profit decreased by $698,033, or approximately 10%, from $7,072,082 to $6,374,049. Net income equaled $205,010 for the quarter ended September 30, 2020, an increase of $2,426,526 compared to a net loss of $2,221,516 for the quarter ended September 30, 2019.
During the year, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,656,163. Following guidance published by the SEC and AICPA, the Company recognized the full $1,656,163 of PPP loans during the year as “Other Income”.
Additional summarized financial information is available at the financial section of this website
August 5, 2020
LUFKIN, Texas, August 5, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2020 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.
Revenue for the quarter ended June 30, 2020 was $17,753,798, a decrease of $7,677,468, or 30%, compared to $25,431,266 in the quarter ending June 30, 2019. Net income was $1,551,089, a decrease of $164,066, or 9.6%, compared to net income of $1,715,155 in the quarter ended June 30, 2019. On a per share basis, earnings for the quarter were 0.069 cents per share compared to earnings of 0.061 cents per share in 2019.
For the nine-month period ending June 30, 2020, revenues decreased by $16,755,371, or approximately 24%, from $69,281,525 to $52,526,154, compared to the corresponding nine-month period ended June 30, 2019. Net income decreased $110,350, or approximately 5.4%, from $2,030,055 to $1,919,705, compared to the nine-month period ended June 30, 2019. On a per share basis, earnings for the nine-month period were 0.085 cents per share compared to 0.072 cents per share in 2019.
During the quarter, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,656,163. Following guidance published by the SEC and AICPA, the Company recognized $1,254,516 of PPP loans during the quarter as “Other Income”.
Additional summarized financial information is available at the financial section of this website.
May 8, 2020
LUFKIN, Texas, May 8, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2020, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2020 was $17,513,353, a decrease of $2,747,026, or 13.6%, compared to $20,260,379 in the quarter ending March 31, 2019. Net income was $221,276, an increase of $342,747 compared to a loss of $121,471 in the quarter ended March 31, 2019. On a per share basis, net income for the quarter was 0.90 cents per share compared to a loss of 0.40 cents per share in 2019.
For the six-month period ending March 31, 2020, revenues decreased $9,077,903, or approximately 20.7%, from $43,850,259 to $34,772,356, compared to the corresponding six-month period ended March 31, 2019. Net income increased by $53,716, from $314,900 to $368,616, compared to the six-month period ended March 31, 2019. On a per share basis, fully diluted net income for the six-month period was 1.6 cents per share compared to 1.1 cents per share in 2019.
Additional summarized financial information is available at the financial section of this website.
February 27, 2020
LUFKIN, Texas, February 27, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2020, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2019 was $17,259,003, a decrease of $6,330,877, or 27%, compared to $23,589,880 in the quarter ending December 31, 2018. Net income for the quarter was $147,340, a decrease of $289,031, or 66%, compared to $436,371 in the quarter ended December 31, 2018. On a per share basis, earnings for the quarter were 0.7 cents per share compared 1.5 cents per share in 2018.
Additional summarized financial information is available at the financial section of this website.
January 31, 2020
LUFKIN, Texas, January 31, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2019, revenue decreased by $4,139,898, or approximately 4.5%, from $91,428,498 to $87,288,600, compared to the corresponding twelve-month period ended September 30, 2018. Gross profit increased by $845,194, or approximately 4.4%, from $19,380,082 to $20,225,276. Net income decreased by $1,118,336, or approximately 62.3%, from $1,795,458 to $677,122, compared to the twelve-month period ended September 30, 2018. On a per share basis (fully diluted), net income for the year was 2.5 cents per share compared to 6.9 cents in 2018.
Revenue for the quarter ended September 30, 2019 was $18,007,075, a decrease of $7,832,417, or 30.3%, compared to $25,839,492 in the quarter ending September 30, 2018. Gross profit increased by $263,564, or approximately 3.9%, from $6,808,518 to $7,072,082. Net income was a loss of $1,352,933, a decrease of $1,501,960 compared to $149,027 for the quarter ended September 30, 2018.
During the September quarter, the Company made the determination that a collateralized note extended to one of its suppliers for $1,825,379 had become impaired, and recorded it as a non-operating asset impairment loss. The Company continues to work with the supplier to recover the balance.
Additional summarized financial information is available at the financial section of this website.
August 15, 2019
LUFKIN, Texas, August 15, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2019 was $25,431,266, a decrease of $319,638, or 1.2%, compared to $25,750,904 in the quarter ending June 30, 2018. Net income was $1,715,155, an increase of $790,565, or 85.5%, compared to net income of $924,590 in the quarter ended June 30, 2018. On a per share basis, earnings for the quarter were 0.061 cents per share compared to earnings of 0.033 cents per share in 2018.
For the nine-month period ending June 30, 2019, revenues increased by $3,692,519, or approximately 5.6%, from $65,589,006 to $69,281,525, compared to the corresponding nine-month period ended June 30, 2018. Net income increased by $383,624, or approximately 23.3%, from $1,646,431 to $2,030,055, compared to the nine-month period ended June 30, 2018. On a per share basis, earnings for the nine-month period were 0.072 cents per share compared to 0.058 cents per share in 2018.
Additional summarized financial information is available at the financial section of this website.
July 23, 2019
LUFKIN, Texas, July 23, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) announced today that it has entered into an agreement with its COO, Mr. Josh Lowe, to resign from his position with the company. Mr. Lowe is leaving to pursue opportunities in the highway construction industry.
As part of the agreement, Mr. Lowe will receive equipment with a fair market value of approximately $2.2 million net of other business credits in exchange for 5,653,866 shares of Treecon stock plus $600,000 in cash. The shares are Mr. Lowe’s total holdings of Treecon stock and represent 20% of the issued and outstanding shares. The transaction is valued at $2,721,986, or approximately $0.48 per share, and will be recorded as an acquisition of Treasury Stock with no gain or loss recorded.
We regret Josh’s departure and are particularly appreciative for his contribution to develop our equipment rental segment. Josh leaves with our best wishes, and we look forward to a continued business relationship in his future endeavors.
TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
May 14, 2019
LUFKIN, Texas, May 14, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2019 was $20,260,379, an increase of $732,123, or 3.7%, compared to $19,528,256 in the quarter ending March 31, 2018. Net income was a loss of $121,471, a decrease of $439,272 compared to $317,801 in the quarter ended March 31, 2018. On a per share basis, the loss for the quarter was 0.40 cents per share compared to 1.1 cents per share in 2018.
For the six-month period ending March 31, 2019, revenues increased $4,012,157, or approximately 10.1%, from $39,838,102 to $43,850,259, compared to the corresponding six-month period ended March 31, 2018. Net income decreased by $406,941, from $721,841 to $314,900, compared to the six-month period ended March 31, 2018. On a per share basis, fully diluted net income for the six-month period was 1.1 cents per share compared to 2.5 cents per share in 2018.
Additional summarized financial information is available at the financial section of this website.
February 19, 2019
LUFKIN, Texas, February 19, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2018 was $23,589,880, an increase of $3,280,034, or 16%, compared to $20,309,846 in the quarter ending December 31, 2017. Net income for the quarter was $436,371, an increase of $32,331, or 8%, compared to $404,040 in the quarter ended December 31, 2017. On a per share basis, earnings for the quarter were 1.5 cents per share compared 1.4 cents per share in 2017.
Additional summarized financial information is available at the financial section of this website.
February 4, 2019
LUFKIN, Texas, February 4, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2018, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2018, revenue increased by $20,620,254, or approximately 29.1%, from $70,808,244 to $91,428,498, compared to the corresponding twelve-month period ended September 30, 2017. Gross profit increased by $3,633,063, or approximately 23.1%, from $15,747,019 to $19,380,082. Net income increased by $1,116,933, or approximately 164.6%, from $678,525 to $1,795,458, compared to the twelve-month period ended September 30, 2017. On a per share basis (fully diluted), net income for the year was 6.9 cents per share compared to 2.6 cents in 2017.
Revenue for the quarter ended September 30, 2018 was $25,839,492, an increase of $9,169,917, or 55.0%, compared to $16,669,575 in the quarter ending September 30, 2017. Gross profit increased by $219,887, or approximately 3.3%, from $6,588,631 to $6,808,518. Net income was $149,027, a decrease of $315,443 compared to $464,470 for the quarter ended September 30, 2017.
Additional summarized financial information is available at the financial section of this website.
August 10, 2018
LUFKIN, Texas, August 10, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2018, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2018 was $25,750,904, an increase of $7,961,860, or 44.7%, compared to $17,789,044 in the quarter ending June 30, 2017. Net income was $924,590, an increase of $760,841, or 464%, compared to net income of $163,749 in the quarter ended June 30, 2017. On a per share basis, fully diluted earnings for the quarter was 0.033 cents per share compared to earnings of 0.006 cents per share in 2017.
For the nine-month period ending June 30, 2018, revenues increased by $11,953,492, or approximately 22.3%, from $53,635,514 to $65,589,006, compared to the corresponding nine-month period ended June 30, 2017. Net income increased by $1,432,376, or approximately 669%, from $214,055 to $1,646,431, compared to the nine-month period ended June 30, 2017. On a per share basis, fully diluted earnings for the nine-month period was 0.058 cents per share compared to 0.010 cents per share in 2017.
Additional summarized financial information is available at the financial section of this website.
May 11, 2018
LUFKIN, Texas, May 11, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2018, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2018 was $19,528,256, an increase of $1,502,043, or 8.3%, compared to $18,026,213 in the quarter ending March 31, 2017. Net income was $317,801, a decrease of $206,676 compared to $524,477 in the quarter ended March 31, 2017. On a per share basis, net income for the quarter was 1.1 cents per share compared to 1.9 cents per share in 2017.
For the six-month period ending March 31, 2018, revenues increased $3,991,632, or approximately 11.1%, from $35,846,470 to $39,838,102, compared to the corresponding six-month period ended March 31, 2017. Net income increased by $671,535, from $50,306 to $721,841, compared to the six-month period ended March 31, 2017. On a per share basis, fully diluted net income for the six-month period was 2.5 cents per share compared to 0.2 cents per share in 2017.
Additional summarized financial information is available at the financial section of this website.
February 16, 2018
LUFKIN, Texas, February 16, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2017, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2017 was $20,309,846, an increase of $2,489,589, or 14%, compared to $17,820,257 in the quarter ending December 31, 2016. Net income for the quarter was $404,040 compared to a loss of $474,171 in the quarter ended December 31, 2016. On a per share basis, earnings for the quarter were 1.4 cents per share compared to a loss of 1.7 cents per share in 2016.
Additional summarized financial information is available at the financial section of this website.
February 7, 2018
LUFKIN, Texas, February 7, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2017, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2017, revenue decreased by $7,987,854, or approximately 10.1%, from $78,796,098 to $70,808,244, compared to the corresponding twelve-month period ended September 30, 2016. Gross profit decreased by $382,060, or approximately 2.4%, from $16,129,079 to $15,747,019. Net income increased by $17,117, or approximately 2.6%, from $661,408 to $678,525, compared to the twelve-month period ended September 30, 2015. On a per share basis (fully diluted), net income for the year was 2.5 cents per share compared to 2.3 cents in 2016.
Revenue for the quarter ended September 30, 2017 was $16,669,575, a decrease of $4,137,800, or 19.9%, compared to $20,807,375 in the quarter ending September 30, 2016. Gross profit increased by $2,484,762, or approximately 60.5%, from $4,103,869 to $6,588,631. Net income was $464,470, an increase of $118,008 compared to $346,462 for the quarter ended September 30, 2016.
Additional summarized financial information is available at the financial section of this website.
August 18, 2017
LUFKIN, Texas, August 18, 2017 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third fiscal quarter of fiscal 2017, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2017 was $17,789,044, a decrease of $2,996,081, or 14.4%, compared to $20,785,125 in the quarter ending June 30, 2016. Net income was $163,749, an increase of $5,444, or 3.4%, compared to net income of $158,305 in the quarter ended June 30, 2016. On a per share basis, fully diluted earnings for the quarter was 0.006 cents per share compared to earnings of 0.006 cents per share in 2016.
For the nine-month period ending June 30, 2017, revenues decreased by $4,353,209, or approximately 7.5%, from $57,988,723 to $53,635,514, compared to the corresponding nine-month period ended June 30, 2016. Net income decreased by $100,891, or approximately 32.0%, from $314,946 to $214,055, compared to the nine-month period ended June 30, 2016. On a per share basis, fully diluted earnings for the nine-month period was 0.010 cents per share compared to 0.012 cents per share in 2016.
Additional summarized financial information is available at the financial section of this website.
May 12, 2017
LUFKIN, Texas, May 12, 2017 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2017, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2017 was $18,026,213, an increase of $1,122,174, or 6.6%, compared to $16,904,039 in the quarter ending March 31, 2016. Net income was $524,477, an increase of $931,719 compared to a net loss of $407,242 in the quarter ended March 31, 2016. On a per share basis, fully diluted net income for the quarter was 1.9 cents per share compared to a net loss of 1.6 cents per share in 2016.
For the six-month period ending March 31, 2017, revenues decreased by $1,357,128, or approximately 3.6%, from $37,203,598 to $35,846,470, compared to the corresponding six-month period ended March 31, 2016. Net income decreased by $106,335, or approximately 68%, from $156,641 to $50,306, compared to the six-month period ended March 31, 2016. On a per share basis, fully diluted net income for the six-month period was 0.2 cents per share compared to 0.6 cents per share in 2016.
Additional summarized financial information is available at the financial section of this website.
February 23, 2017
LUFKIN, Texas, February 23, 2017 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2017, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2016 was $17,820,257, a decrease of $2,479,302, or 12%, compared to $20,299,559 in the quarter ending December 31, 2015. The quarter resulted in a net loss of $474,171 compared to net income of $563,883 in the quarter ended December 31, 2015. On a per share basis, the net loss for the quarter was 1.7 cents per share compared to net earnings of 2.2 cents per share in 2015.
Additional summarized financial information is available at the financial section of this website.
February 1, 2017
LUFKIN, Texas, February 1, 2017 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2016, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2016, revenue decreased by $7,941,180, or approximately 9.2%, from $86,737,278 to $78,796,098, compared to the corresponding twelve-month period ended September 30, 2015. Gross profit decreased by $1,410,751, or approximately 8.0%, from $17,539,830 to $16,129,079. Net income decreased by $1,542,037, or approximately 70%, from $2,203,445 to $661,408, compared to the twelve-month period ended September 30, 2015. On a per share basis (fully diluted), net income for the year was 2.5 cents per share compared to 8.9 cents in 2015.
Revenue for the quarter ended September 30, 2016 was $20,807,375, a decrease of $419,544, or 2.0%, compared to $21,226,919 in the quarter ending September 30, 2015. Gross profit decreased by $891,135, or approximately 1.8%, from $4,995,004 to $4,103,869. Net income was $346,462, an increase of $174,163 compared to $172,299 for the quarter ended September 30, 2015.
Additional summarized financial information is available at the financial section of this website.
August 19, 2016
LUFKIN, Texas, August 19, 2016 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third fiscal quarter of fiscal 2016, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2016 was $20,785,125, a decrease of $2,107,051, or 9.2%, compared to $22,892,176 in the quarter ending June 30, 2015. Net income was $158,305, a decrease of $283,775, or 64.2%, compared to net income of $442,080 in the quarter ended June 30, 2015. On a per share basis, fully diluted income for the quarter was 0.006 cents per share compared to income of 2.0 cents per share in 2015.
For the nine-month period ending June 30, 2016, revenue decreased by $7,521,636, or approximately 11.5%, from $65,510,359 to $57,988,723, compared to the corresponding nine-month period ended June 30, 2015. Net income decreased by $1,716,200, or approximately 84.5%, from $2,031,146 to $314,946, compared to the nine-month period ended June 30, 2015. On a per share basis, fully diluted earnings for the nine-month period was 0.012 cents per share compared to 9.0 cents per share in 2015.
Additional summarized financial information is available at the financial section of this website.
May 24, 2016
LUFKIN, Texas, May 24, 2016 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2016, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2016 was $16,904,039, a decrease of $4,779,580, or 22%, compared to $21,683,619 in the quarter ending March 31, 2015. The net loss was $407,242, a decrease of $1,115,403 compared to net income of $708,161 in the quarter ended March 31, 2015. On a per share basis, the fully diluted net loss for the quarter was 1.6 cents per share compared to net income of 3.1 cents per share in 2015.
For the six-month period ending March 31, 2016, revenues decreased by $5,414,585, or approximately 13%, from $42,618,183 to $37,203,598, compared to the corresponding six-month period ended March 31, 2015. Net income decreased by $1,432,425, or approximately 90%, from $1,589,066 to $156,641, compared to the six-month period ended March 31, 2015. On a per share basis, fully diluted net income for the six-month period was 0.6 cents per share compared to 7.0 cents per share in 2015.
Additional summarized financial information is available at the financial section of this website.
March 11, 2016
LUFKIN, Texas, March 11, 2016 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2016, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2015 was $20,299,559, a decrease of $635,005, or 3%, compared to $20,934,564 in the quarter ending December 31, 2014. Net income was $563,883, a decrease of $317,022, or 36%, compared to $880,905 in the quarter ended December 31, 2014. On a per share basis, net income for the quarter was 2.2 cents per share compared to 3.9 cents per share in 2014.
Additional summarized financial information is available at the financial section of this website.
February 5, 2016
LUFKIN, Texas, February 5, 2016 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2015, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2015, revenue increased by $8,323,946, or approximately 10.6%, from $78,413,332 to $86,737,278, compared to the corresponding twelve-month period ended September 30, 2014. Gross profit increased by $2,770,444, or approximately 18.8%, from $14,769,386 to $17,539,830. Net income decreased by $543,883, or approximately 19.8%, from $2,747,328 to $2,203,445, compared to the twelve-month period ended September 30, 2014. On a per share basis, net income for the year was 8.9 cents per share compared to 12.1 cents per share in 2014.
Revenue for the quarter ended September 30, 2015 was $21,226,919, a decrease of $5,956,483, or 21.9%, compared to $27,183,402 in the quarter ending September 30, 2014. Gross profit decreased by $742,322, or approximately 12.9%, from $5,737,326 to $4,995,004. Net income was $172,299, a decrease of $830,232, compared to $1,002,531 in the quarter ended September 30, 2014
Additional summarized financial information is available at the financial section of this website.
August 28, 2015
LUFKIN, Texas, August 28, 2015 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2015, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2015 was $22,892,176, an increase of $1,883,952 or 9%, compared to $21,008,224 in the quarter ended June 30, 2014. Gross profit increased by $80,128, from $3,901,741 to $3,981,869. Net income was $442,080, a decrease of 55% compared to $993,206 in the quarter ended June 30, 2014. On a per share basis, net income for the quarter was 2.0 cents per share.
For the nine-month period ending June 30, 2015, revenues increased by $14,280,429, or approximately 28%, from $51,229,930 to $65,510,359, compared to the corresponding nine-month period ended June 30, 2014. Gross profit increased by $3,512,766, or approximately 39%, from $9,032,060 to $12,544,826. Net income increased by $286,349, from $1,744,797 to $2,031,146, compared to the nine-month period ended June 30, 2014. On a per share basis, net income for the nine-month period was 9.0 cents per share compared to 7.7 cents per share for the corresponding period in 2014.
Additional summarized financial information is available at the financial section of this website.
May 28, 2015
LUFKIN, Texas, May 28, 2015 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2015, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2015 was $21,683,619, an increase of $5,906,308, or 37%, compared to $15,777,311 in the quarter ending March 31, 2014. Net income was $708,161, an increase of $299,061, or 73%, compared to $409,100 in the quarter ended March 31, 2014. On a per share basis, net income for the quarter was 3.1 cents per share compared to 1.8 cents per share in 2014.
For the six-month period ending March 31, 2015, revenues increased by $12,396,477, or approximately 41%, from $30,221,706 to $42,618,183, compared to the corresponding six-month period ended March 31, 2014. Net income increased by $837,475, or approximately 111%, from $751,591 to $1,589,066, compared to the six-month period ended March 31, 2014. On a per share basis, net income for the six-month period was 7.0 cents per share compared to 3.3 cents per share in 2014.
Additional summarized financial information is available at the financial section of this website.
March 4, 2015
LUFKIN, Texas, March 4, 2015 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2015, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2014 was $20,934,564, an increase of $6,490,169, or 45%, compared to $14,444,395 in the quarter ending December 31, 2013. Net income was $880,905, an increase of $538,414, or 157%, compared to $342,491 in the quarter ended December 31, 2013. On a per share basis, net income for the quarter was 3.9 cents per share compared to 1.5 cents per share in 2013.
Additional summarized financial information is available at the financial section of this website.
January 29, 2015
LUFKIN, Texas, January 29, 2015 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2014, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2014, revenue increased by $739,991, or approximately 1.0%, from $77,673,341 to $78,413,332, compared to the corresponding twelve-month period ended September 30, 2013. Gross profit increased by $1,691,126, or approximately 12.9%, from $13,078,260 to $14,769,386. Net income increased by $1,212,893, or approximately 79.0%, from $1,534,435 to $2,747,328, compared to the twelve-month period ended September 30, 2013. On a per share basis, net income for the year was 12.1 cents per share compared to 6.8 cents per share in 2013.
Revenue for the quarter ended September 30, 2014 was $27,183,402, an increase of $1,814,035, or 7.2%, compared to $25,369,367 in the quarter ending September 30, 2013. Gross profit increased by $1,971,780, or approximately 52.4%, from $3,765,546 to $5,737,326. Net income was $1,002,531, an increase of $704,481, compared to $298,050 in the quarter ended September 30, 2013.
Additional summarized financial information is available at the financial section of this website.
September 12, 2014
LUFKIN, Texas, September 12, 2014 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2014, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2014 was $21,008,224, an increase of $6,696,898 or 46%, compared to $14,311,326 in the quarter ended June 30, 2013. Gross profit increased by $1,281,954, or 49%, from $2,619,787 to $3,901,741. Net income was $993,206, an increase of $680,115 compared to $313,091 in the quarter ended June 30, 2013. On a per share basis, net income for the quarter was 4.4 cents per share.
For the nine-month period ending June 30, 2014, revenues increased by $13,023,959, or approximately 34%, from $38,205,971 to $51,229,930, compared to the corresponding nine-month period ended June 30, 2013. Gross profit increased by $2,025,238, or approximately 29%, from $7,006,822 to $9,032,060. Net income increased by $637,864, from $1,106,933 to $1,744,797, compared to the nine-month period ended June 30, 2013. On a per share basis, net income for the nine-month period was 7.7 cents per share compared to 4.9 cents per share for the corresponding period in 2013.
Additional summarized financial information is available at the financial section of this website.
August 25, 2014
LUFKIN, Texas, August 22, 2014 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second quarter of fiscal 2014, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2014 was $15,777,311, an increase of $5,384,573 or 51.8%, compared to $10,392,738 in the quarter ended March 31, 2013. Gross profit increased by $868,292, from $1,813,460 to $2,681,752. Net income was $409,100, an increase of $369,182 compared to $39,918 in the quarter ended March 31, 2013. On a per share basis, net income for the quarter was 1.8 cents per share compared to 0.2 cents per share in 2013.
For the six-month period ending March 31, 2014, revenues increased by $6,327,061, or approximately 26.5%, from $23,894,645 to $30,221,706, compared to the corresponding six-month period ended March 31, 2013. Gross profit increased by $743,284, or approximately 16.9%, from $4,387,035 to $5,130,319. Net income decreased by $42,251, or approximately 5.3%, from $793,842 to $751,591, compared to the six-month period ended March 31, 2013. On a per share basis, net income for the six-month period was 3.3 cents per share compared to 3.4 cents per share in 2013.
Additional summarized financial information is available at the financial section of this website.
April 22, 2014
LUFKIN, Texas, April 8, 2014 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2014, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2013 was $14,444,395, an increase of $942,488, or 7.0%, compared to $13,501,907 in the quarter ending December 31, 2012. Net income was $342,491, a decrease of $411,433, or 54.6%, compared to $753,924 in the quarter ended December 31, 2012. On a per share basis, net income for the quarter was 1.5 cents per share compared to 3.3 cents per share in 2012.
Additional summarized financial information is available at the financial section of this website.
March 28, 2014
LUFKIN, Texas, March 25, 2013 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2013, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
For the year ended September 30, 2013, revenues increased by $8,611,566, or approximately 18.0%, from $47,747,062 to $56,358,628, compared to the corresponding twelve-month period ended September 30, 2012. Gross profit increased by $1,567,843, or approximately 19.6%, from $8,016,582 to $9,584,425. Net income increased by $755,031, or approximately 115%, from $653,520 to $1,408,551, compared to the twelve-month period ended September 30, 2012. On a per share basis, net income for the year was 6.2 cents per share compared to 2.9 cents per share in 2012.
Revenue for the quarter ended September 30, 2013 was $18,152,657, an increase of $1,756,212, or 10.7%, compared to $16,396,445 in the quarter ending September 30, 2012. Gross profit increased by $166,705, or approximately 6.9%, from $2,410,898 to $2,577,603. Net income was $301,618, an increase of $201,301, compared to $100,317 in the quarter ended September 30, 2012.
Additional summarized financial information is available at the financial section of this website.
August 8, 2013
LUFKIN, Texas, August 8, 2013 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2013, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended June 30, 2013 was $14,311,326, an increase of $2,209,381 or 18.2%, compared to $12,101,945 in the quarter ended June 30, 2012. Gross profit increased by $539,277, or 25.9%, from $2,080,510 to $2,619,787. Net income was $313,091, a decrease of $290 compared to $313,381 in the quarter ended June 30, 2012. On a per share basis, net income for the quarter was 1.4 cents per share.
For the nine-month period ending June 30, 2013, revenues increased by $6,855,354, or approximately 21.8%, from $31,350,617 to $38,205,971, compared to the corresponding nine-month period ended June 30, 2012. Gross profit increased by $1,401,138, or approximately 25.0%, from $5,605,684 to $7,006,822. Net income increased by $553,730, from $553,203 to $1,106,933, compared to the nine-month period ended June 30, 2012. On a per share basis, net income for the nine-month period was 4.9 cents per share compared to 2.4 cents per share (adjusted) for the corresponding period in 2012.
Additional summarized financial information is available at the financial section of this website.
June 26, 2013
LUFKIN, Texas, June 26, 2013 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second quarter of fiscal 2013, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended March 31, 2013 was $10,392,738, an increase of $3,060,408 or 41.7%, compared to $7,332,330 in the quarter ended March 31, 2012. Gross profit increased by $111,526, from $1,701,934 to $1,813,460. Net income was $39,918, an increase of $55,299 compared to a loss of $15,381 in the quarter ended March 31, 2012. On a per share basis, net income for the quarter was 0.2 cents per share compared to a loss of 0.1 cents per share in 2012.
For the six-month period ending March 31, 2013, revenues increased by $4,645,973, or approximately 24.1%, from $19,248,672 to $23,894,645, compared to the corresponding six-month period ended March 31, 2012. Gross profit increased by $861,861, or approximately 24.4%, from $3,525,174 to $4,387,035. Net income increased by $554,020, or approximately 231%, from $239,822 to $793,842, compared to the six-month period ended March 31, 2012.
Additional summarized financial information is available at the financial section of this website.
May 31, 2013
LUFKIN, Texas, May 31, 2013 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2013, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries,distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.
Revenue for the quarter ended December 31, 2012 was $13,501 ,907, an increase of $1,585,565, or 13.3%, compared to $11,916,342 in the quarter ending December 31, 2011. Net income was $753,924, an increase of $498,721, or 195.4%, compared to $255,203 in the quarter ended December 31, 2011. On a per share basis, net income for the quarter was 3.3 cents per share compared to 1.1 cents per share in 2011 (adjusted from 1.4 cents per share, as originally reported, to reflect the dilutive effect of
the transaction described below).
In November 2012, the Company issued 4,000,000 additional shares of the Company’s common stock as part of a transaction to purchase a minority interest (47.98%) in Meshach Holdings, LLC and its management company (Meshach Management, LLLP), collectively referred to as “Meshach”. Consideration for this transaction was $1.2 million, or $0.30 per share.
Additional summarized financial information is available at the financial section of this website.
May 1, 2013
LUFKIN, Texas, May 1, 2013 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2012, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
For the year ended September 30, 2012, revenues decreased by $7,133,044, or approximately 13.0%, from $54,880,106 to $47,747,062, compared to the corresponding twelve-month period ended September 30, 2011. Gross profit decreased by $1,840,482, or approximately 18.7%, from $9,857,064 to $8,016,582. Net income decreased by $674,691, or approximately 5.1%, from $1,328,211 to $653,520, compared to the twelve-month period ended September 30, 2011. On a per share basis, net income for the year was 3.5 cents per share compared to 7.1 cents per share in 2011.
Revenue for the quarter ended September 30, 2012 was $16,396,445, an increase of $3,331,091, or 25.5%, compared to $13,065,354 in the quarter ending September 30, 2011. Gross profit decreased by $1,047,466, or approximately 30.3%, from $3,458,364 to $2,410,898. Net income was $100,317, an increase of $653,884, compared to a loss of $553,567 in the quarter ended September 30, 2011.
In December 2012, and subsequent to the date of these financial results, the Company acquired a minority interest in an unrelated business. The Company issued 4,000,000 additional shares of its common stock to acquire its position. The issuance of these additional shares would have diluted annual earnings results as of September 30, 2012 from 3.5 to 2.9 cents per share.
Additional summarized financial information is available at the financial section of this website.
July 23, 2012
LUFKIN, Texas, July 23, 2012 – TreeCon Resources, Inc. . (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2012, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended June 30, 2012 was $12,101,945, a decrease of $225,873 or 1.8%, compared to $12,327,818 in the quarter ended June 30, 2011. Gross profit decreased by $511,224, from $2,591,734 to $2,080,510. Net income was $313,381, a decrease of $93,763 compared to $407,144 in the quarter ended June 30, 2011. On a per share basis, net income for the quarter was 1.7 cents per share compared to net income of 2.2 cents per share in 2011.
For the nine-month period ending June 30, 2012, revenues decreased by $10,464,135, or approximately 25.0%, from $41,814,752 to $31,350,617, compared to the corresponding nine-month period ended June 30, 2011. Gross profit decreased by $793,016, or approximately 12.4%, from $6,398,700 to $5,605,684. Net income decreased by $1,318,575, or approximately 70.0%, from $1,881,778 to $563,203, compared to the nine-month period ended June 30, 2011.
Additional summarized financial information is available at the financial section of this website.
May 1, 2012
LUFKIN, Texas, May 1, 2012 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second quarter of fiscal 2012, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended March 31, 2012 was $7,332,330, a decrease of $6,882,664 or 48.4%, compared to $14,214,994 in the quarter ended March 31, 2011. Gross profit increased by $659,739, from $1,042,195 to $1,701,934. Net income was a loss of $15,381, a decrease of $811,442 compared to $796,061 in the quarter ended March 31, 2011. On a per share basis, the net loss for the quarter was 0.1 cents per share compared to net income of 4.3 cents per share in 2011.
For the six-month period ending March 31, 2012, revenues decreased by $10,238,262, or approximately 34.7%, from $29,486,934 to $19,248,672,compared to the corresponding six-month period ended March 31, 2011. Gross profit decreased by $281,792, or approximately 7.4%, from $3,806,966 to $3,525,174. Net income decreased by $1,234,812, or approximately 83.7%, from $1,474,634 to $239,822, compared to the six-month period ended March 31, 2011.
Additional summarized financial information is available at the financial section of this website
February 17, 2012
LUFKIN, Texas, February 17, 2012 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2012, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended December 31, 2011 was $11,916,342, a decrease of $3,355,598, or 22.0%, compared to $15,271,940 in the quarter ending December 31, 2010. Net income was $255,203, a decrease of $423,370, or 62.4%, compared to $678,573 in the quarter ended December 31, 2010. On a per share basis, net income for the quarter was 1.4 cents per share compared to 3.6 cents per share in 2010.
Additional summarized financial information is available at the financial section of this website.
February 3, 2012
LUFKIN, Texas, February 3, 2012 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2011, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
For the year ended September 30, 2011, revenues increased by $7,818,556, or approximately 16.6%, from $47,061,550 to $54,880,106, compared to the
corresponding twelve-month period ended September 30, 2010. Gross profit increased by $1 ,868,571, or approximately 23.4%, from $7,988,493 to $9,857,064. Net income decreased by $281,847, or approximately 17.5%, from $1 ,610,058 to $1 ,328,211, compared to the twelve-month period ended September 30, 2010. On a per share basis, net income for the year was 7.1 cents per share compared to 8.6 cents per share in 2010.
Revenue for the quarter ended September 30, 2011 was $13,065,354. a decrease of $2,588,644, or 16.5%, compared to $15,653,998 in the quarter ending September 30, 2010. Gross profit Increased by $1,718,247, or approximately 98.7%, from $1,740,117 to $3,458,364. Net income was a loss of $553,567, a decrease of $568,785, compared to $15,218 in the quarter ended September 30, 2010.
In 2010 and years prior, the Company’s operating results benefited from substantial tax loss carryovers which significantly reduced the Company’s federal income tax obligation. Those carryovers have been consumed, and year-over-year comparative results are now affected significantly.
Additional summarized financial information is available at the financial section of this website.
August 8, 2011
LUFKIN, Texas, August 8, 2011 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2011, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended June 30, 2011 was $12,327,818, a decrease of $2,358,253, or 16.1%, compared to $14,686,071 in the quarter ending June 30, 2010. Gross profit decreased by $506,267, or approximately 16.3%, from $3,098,001 to $2,591,734. Net income was $407,144, a decrease of $682,227 or 62.6%, compared to $1,089,371 in the quarter ended June 30, 2010. On a per share basis, net income for the quarter was 2.2 cents per share compared to 5.9 cents per share in 2010.
For the nine-month period ending June 30, 2011, revenues increased by $10,407,200, or approximately 33.1%, from $31,407,552 to 41,814,752, compared to the corresponding nine-month period ended June 30, 2010. Gross profit increased by $150,324, or approximately 2.4%, from $6,248,376 to $6,398,700. Net income increased by $286,938, or approximately 18.0%, from $1,594,840 to $1,881,778, compared to the nine-month period ended June 30, 2010. On a per share basis, net income for the nine months was 10.1 cents per share compared to 8.6 cents per share for the corresponding nine-month period in 2010.
Additional summarized financial information is available at the financial section of this website.
June 29, 2011
LUFKIN,, Texas, July 29, 2011 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second quarter of fiscal 2011, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended March 31, 2011 was $14,214,994, an increase of $7,033,743, or 98.0%, compared to $7,181,251 in the quarter ended March 31, 2010. Gross profit decreased by $591,191, or approximately 36.2%, from $1,633,386 to $1,042,195. Net income was $796,061, an increase of $275,797, or 80.3%, compared to $343,374 in the quarter ended March 31, 2010. On a per share basis, net income for the quarter was 4.3 cents per share compared to 1.8 cents per share in 2010.
For the six-month period ending March 31, 2011, revenues increased by $12,765,453, or approximately 76.3%, from $16,721,481 to 29,486,934, compared to the corresponding six-month period ended march 31, 2010. Gross profit increased by $656,591, or approximately 20.8%, from $3,150,375 to $3,806,966. Net income increased by $969,165, or approximately 191.7%, from $505,469 to $1,474,634, compared to the six-month period ended March 31, 2010.
Additional summarized financial information is available at the financial section of this website.
June 29, 2011
LUFKIN, Texas, June 29, 2011 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2011, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended December 31, 2010 was $15,271,940, an increase of $5,731,710, or 60.1%, compared to $9,540,230 in the quarter ending December 31, 2009. Net income was $678,573, an increase of $516,478, or 318.6%, compared to $162,095 in the quarter ended December 31, 2009. On a per share basis, net income for the quarter was 3.6 cents per share compared to 1.0 cents per share in 2009.
Additional summarized financial information is available at the financial section of this website.
March 18, 2011
LUFKIN, Texas, March 18, 2011 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2010, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
For the year ended September 30, 2010, revenues increased by $11,555,345, or approximately 32.5%, from $35,506,205 to 47,061,550, compared to the corresponding twelve-month period ended September 30, 2009. Gross profit increased by $1,063,636, or approximately 15.3%, from $6,924,857 to $7,988,493. Net income increased by $736,372, or approximately 84.3%, from $873,686 to $1,610,058, compared to the twelve-month period ended September 30, 2009. On a per share basis, net income for the year was 8.6 cents per share compared to 4.7 cents per share in 2009.
Revenue for the quarter ended September 30, 2010 was $15,653,998, an increase of $6,238,892, or 66.3%, compared to $9,415,106 in the quarter ending September 30, 2009. Gross profit increased by $176,791, or approximately 11.3%, from $1,563,326 to $1,740,117. Net income was $15,218, a decrease of $200,762, compared to $215,980 in the quarter ended September 30, 2009.
Additional summarized financial information is available at the financial section of this website.
August 16, 2010
LUFKIN, Texas, August 16, 2010 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2010, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and oilfield fluids services.
Revenue for the quarter ended June 30, 2010 was $14,686,071, an increase of $7,027,352, or 91.7%, compared to $7,658,719 in the quarter ending June 30, 2009. Gross profit increased by $1,552,977, or approximately 100.5%, from $1,545,024 to $3,098,001. Net income was $1,089,371, an increase of $1,046,270, or 2,427%, compared to $43,101 in the quarter ended June 30, 2009. On a per share basis, net income for the quarter was 5.9 cents per share compared to 0.2 cents per share in 2009.
For the nine-month period ending June 30, 2010, revenues increased by $5,316,453, or approximately 20.3%, from $26,091,099 to 31,407,552, compared to the corresponding nine-month period ended June 30, 2009. Gross profit increased by $886,845, or approximately 16.5%, from $5,361,531 to $6,248,376. Net income increased by $937,134, or approximately 142%, from $657,706 to $1,594,840, compared to the nine-month period ended June 30, 2009.
During the quarter, operations commenced at the Company’s oilfield fluids plant located near Center, Texas. The plant is 52% owned by the Company, and is consolidated accordingly. During the quarter, the Company’s share of start-up loss was $98,875, net of taxes. The Company serves as managing partner.
Additional summarized financial information is available at the financial section of this website.
July 8, 2010
LUFKIN, Texas, July 8, 2010 – The Board of Directors of TreeCon Resources, Inc. has named John Langford to the Board of Directors and President of the Company, effective July 1, 2010. John brings 28 years of business experience to TreeCon Resources from his prior position as Senior Tax Partner with Axley & Rode, LLP, a regional public accounting firm.
A native East Texan, John’s business background includes extensive experience in the East Texas timber and timber services industry. John and his wife, Linda, make their home in Lufkin, Texas.
John succeeds Mike Boatman, who passed away unexpectedly in April. Mike had joined the Company in 1986, dedicating essentially his entire working life to building and growing the Company. “Words cannot express our gratitude for what Mike contributed to our business, and words cannot express our deep sense of loss of our friend”, stated Harold Estes, Chairman of the Board. “Mike left us a good company, and we are so pleased that John is the man who will lead us forward.”
TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment and is also engaged in sawmill operations. The Company’s stock is traded over-the-counter (Pink Sheets) under the symbol TCOR.
June 7, 2010
LUFKIN, Texas, June 7, 2010 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second quarter of fiscal 2010, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment and is also engaged in sawmill operations.
Revenue for the quarter ended March 31, 2010 was $7,181,251, a decrease of $1,070,396, or 13.0%, compared to $8,251,647 in the quarter ending March 31, 2009. Gross profit decreased by $254,803, or approximately 13.5%, from $1,888,189 to $1,633,386. Net income was $343,374, an increase of $45,907, or 15.4%, compared to $297,467 in the quarter ended March 31, 2009. On a per share basis, net income for the quarter was 1.8 cents per share compared to 1.6 cents per share in 2009.
For the six-month period ending March 31, 2010, revenues decreased by $1,710,899, or approximately 9.3%, from $18,432,380 to 16,721,481, compared to the corresponding six-month period ended march 31, 2009. Gross profit decreased by $666,132, or approximately 17.5%, from $3,816,507 to $3,150,375. Net income decreased by $109,136, or approximately 17.8%, from $614,605 to $505,469, compared to the six-month period ended March 31, 2009.
Additional summarized financial information is available at the financial section of this website.
March 29, 2010
LUFKIN, Texas, March 29, 2010 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2010, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment and is also engaged in sawmill operations.
Revenue for the quarter ended December 31, 2009 was $9,540,230, a decrease of $640,503, or 6.3%, compared to $10,180,733 in the quarter ending December 31, 2008. Net income was $162,095, a decrease of $155,043, or 48.9%, compared to $317,438 in the quarter ended December 31, 2008. On a per share basis, net income for the quarter was 1.0 cents per share compared to 1.7 cents per share in 2008.
Additional summarized financial information is available at the financial section of this website.