Stanley Furniture Co. Inc. announced consolidated earnings results for the third quarter and full year ended December 31, 2011. For the quarter, the company reported net sales of $24.63 million, operating loss was $1.1 million, income before income taxes of $1.198 million and net income of $1.19 million or 0.08 diluted per share, operating loss as adjusted was $1.18 million and net loss adjusted was $1.74 million. For the year, the company reported net sales of $104.65 million against $137.01 million for the same period a year ago. Operating loss was $6.78 million against $45.8 million for the sane period a year ago. Loss before income taxes was $5.02 million against $47.75 million for the same period a year ago. Net loss was $5.03 million or $0.35 diluted per share against $43.79 million or $4.11 basic and diluted per share for the same period a year ago. Capex was $4.4 million. The company provided capex guidance for the full year of 2012. The company is expecting total capex guidance of $6 million, so $4 million in Robbinsville and $2 million - approximately $4 million in Robbinsville and an approximate $2 million relative to the systems.