TGC Industries, Inc. (TGE) Posts Improved Q2 Results, Driven by Strength in U.S. Operations
TGC Industries, Inc., a provider of seismic data acquisition services with operations throughout the continental United States and Canada, today posted its financial results for the second quarter and first half of fiscal 2011. Revenues increased 34% to $30.2 million compared to $22.5 million in the second quarter of 2010. Net income for the second quarter of 2011 grew to $0.6 million, or $0.03 per diluted share, compared to a net loss of $1.2 million, or ($0.06) per share, in the comparable quarter of 2010. In response to growing customer demand, TGC Industries added an eighth seismic acquisition crew in…