Furmanite 8-K Xanser Corporation Announces Third Quarter Results

		XANSER CORPORATION
	CONSOLIDATED STATEMENTS OF INCOME
	(In thousands, except per share amounts)
		(Unaudited)
		Three Months						Nine Months
		Ended September 30,						Ended September 30,
		2006			2005			2006			2005
Revenues:
Services		$	60,211		$	39,883		$	179,085		$	113,116
Products			49			518			513			5,925
Total revenues			60,260			40,401			179,598			119,041
Costs and expenses:
Operating costs			60,440			36,705			172,154			108,721
Cost of products sold			12			526			276			6,369
Depreciation and amortization			808			900			2,661			2,729
General and administrative			944			891			3,085			2,327
Total costs and expenses			62,204			39,022			178,176			120,146
Operating income (loss)			(1,944	)		1,379			1,422			(1,105	)
Interest and other income, net			243			213			655			487
Interest expense			(955	)		(256	)		(1,981	)		(792	)
Income (loss) before income taxes			(2,656	)		1,336			96			(1,410	)
Income tax expense			(652	)		(1,295	)		(2,684	)		(2,557	)
Net income (loss)		$	(3,308	)	$	41		$	(2,588	)	$	(3,967	)
Earnings (loss) per common share — Basic and Diluted		$	(0.10	)	$	-		$	(0.08	)	$	(0.12	)

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	XANSER CORPORATION
	SUPPLEMENTAL INFORMATION
	(In thousands)
	(Unaudited)
	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2006			2005			2006			2005
Revenues:
Technical services	$	57,588		$	35,403		$	170,764		$	100,911
Information technology services		2,672			4,998			8,834			18,130
	$	60,260		$	40,401		$	179,598		$	119,041
Operating income (loss):
Technical services	$	1,677		$	3,542		$	9,589		$	7,986
Information technology services		(2,677	)		(1,272	)		(5,082	)		(6,764	)
General and administrative
expenses		(944	)		(891	)		(3,085	)		(2,327	)
	$	(1,944	)	$	1,379		$	1,422		$	(1,105	)

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