THT Heat Transfer Technology, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales revenue of $8,174,000 against $8,289,000 a year ago. Operating income was $1,080,000 against $669,000 a year ago. Income before income taxes was $1,074,000 against $566,000 a year ago. Net income was $914,000 or $0.04 basic and diluted per share against $481,000 or $0.02 basic and diluted per share a year ago. Net cash used in operating activities was $692,000 against $1,903,000 a year ago. The increase was due to the cumulative effect of the foregoing factors. The increase was mainly due to a decrease in its total expenses. The decrease in sales revenue was primarily attributable to lower sales revenue from plate heat exchangers and shell-and-tube heat exchangers.

The company expects to generate sales revenue in the range of $9 million to $12 million in the second quarter of 2015, compared with $12.7 million in the same period of 2014.