8-K 1 xnr8k3q95results.txt XANSER FORM 8-K AND PRESS RELEASE -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 2005 XANSER CORPORATION (Exact name of registrant as specified in charter) Delaware 001-05083 74-1191271 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 2435 North Central Expressway Richardson, Texas 75080 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (972) 699-4000 -------------------------------------------------------------------------------- Item 7. Financial Statements and Exhibits. 99.1 Press Release dated November 14, 2005, reporting financial results for the three and nine months ended September 30, 2005. Item 12. Results of Operations and Financial Condition and Exhibit A press release issued by Xanser Corporation on November 14, 2005 regarding financial results for the three and nine months ended September 30, 2005 is attached hereto as Exhibit 99.1, and excluding the final paragraph thereof, is incorporated herein by reference. This information is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any Securities Act registration statements. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XANSER CORPORATION Dated November 14, 2005 //s/ HOWARD C. WADSWORTH ------------------------------------------- Howard C. Wadsworth Sr. Vice President, Treasurer and Secretary Exhibit 99.1 XANSER CORPORATION CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) (Unaudited)
Three Months Nine Months Ended September 30, Ended September 30, ---------------------- ---------------------- 2005 2004 2005 2004 --------- --------- --------- --------- Revenues: Services $ 39,883 $ 35,385 $ 113,116 $ 101,541 Products 518 379 5,925 2,043 --------- --------- --------- --------- Total revenues 40,401 35,764 119,041 103,584 --------- --------- --------- --------- Costs and expenses: Operating costs 37,474 32,634 109,490 94,208 Cost of products sold 526 294 6,369 1,219 Depreciation and amortization 900 842 2,729 2,612 General and administrative 891 733 2,327 2,277 Other (769) -- (769) -- --------- --------- --------- --------- Total costs and expenses 39,022 34,503 120,146 100,316 --------- --------- --------- --------- Operating income (loss) 1,379 1,261 (1,105) 3,268 Interest and other income, net 213 32 487 97 Interest expense (256) (266) (792) (743) --------- --------- --------- --------- Income (loss) before income taxes 1,336 1,027 (1,410) 2,622 Income tax expense (1,295) (822) (2,557) (1,438) --------- --------- --------- --------- Net income (loss) $ 41 $ 205 $ (3,967) $ 1,184 ========= ========= ========= ========= Earnings (loss) per common share - Basic and Diluted $ - $ 0.01 $ (0.12) $ 0.04 ========= ========= ========= =========
XANSER CORPORATION SUPPLEMENTAL INFORMATION (In thousands) (Unaudited)
Three Months Nine Months Ended September 30, Ended September 30, ---------------------- ---------------------- 2005 2004 2005 2004 --------- --------- --------- --------- Revenues: Technical services $ 35,403 $ 29,781 $ 100,911 $ 86,521 Information technology services 4,998 5,983 18,130 17,063 --------- --------- --------- --------- $ 40,401 $ 35,764 $ 119,041 $ 103,584 ========= ========= ========= ========= Operating income (loss): Technical services $ 3,542 $ 2,584 $ 7,986 $ 5,839 Information technology services (1,272) (590) (6,764) (294) General and administrative expenses (891) (733) (2,327) (2,277) --------- --------- --------- --------- $ 1,379 $ 1,261 $ (1,105) $ 3,268 ========= ========= ========= =========