Continental Materials Corp. (AMEX:CUO) reported a net loss of $322,000 or 20 cents per diluted share for the third quarter ended October 1, 2011 compared to net income of $740,000 or 46 cents per diluted share for the third quarter ended October 2, 2010. The net loss from continuing operations was $316,000 or 20 cents per diluted share for the three months ended October 1, 2011 compared to net income from continuing operations of $718,000 or 45 cents per diluted share for the prior year's quarter. Sales from continuing operations for the 2011 quarter were $25,501,000, a decrease of $3,641,000 or 12.5% from the third quarter of 2010. The decline in sales was primarily the result of the same market and economic factors that have prevailed throughout the year. A depressed construction market in the Colorado Springs and Pueblo, Colorado area resulted in a $2,225,000 (21.2%) decline in sales for the Concrete, Aggregates and Construction Supplies ("CACS") segment. The same weak construction market conditions also lead to a drop in fan coil sales in the Heating and Cooling segment.

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