Article: Torch Offshore Announces Third Quarter Earnings.

Business Editors

NEW ORLEANS--(BUSINESS WIRE)--Nov. 1, 2001

Torch Offshore, Inc. (NASDAQ:TORC)

THIRD QUARTER RESULTS

Torch Offshore, Inc. (NASDAQ:TORC) announced today that revenues for the quarter ended September 30, 2001 increased 22.7 percent to $15.6 million compared to $12.7 million for the year-ago quarter. Gross profit was $3.9 million or 25.1 percent of revenues for the third quarter of 2001, compared to $3.8 million or 29.7 percent of revenues for the year-ago quarter. Third-quarter 2001 net income was $1.0 million or $0.07 per share, compared to a net loss attributable to common stockholders of $0.4 million or $0.06 per share ...

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