TRC Companies Inc. (TRR) reported that its fourth-quarter net loss applicable to common shareholders was $5.3 million or $0.27 per common share, compared to a net loss of $16.1 million or $0.86 per common share, for the comparable period in fiscal 2008.
The fourth quarter net loss included a $4.5 million income tax expense item that was recorded pursuant to the applicable accounting rule - Financial Accounting Interpretation No. 48 "Accounting for Uncertainty in Income Taxes." The net loss in the period also reflects the impact of two other non-cash charges totaling $0.7 million related to preferred stock accretion and an asset impairment charge related to an unconsolidated affiliate.
Net service revenue for the fourth quarter decreased to $63.6 million from $65.2 million for the fourth quarter of fiscal 2008.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.