Empire Resources, Inc. (ERS)

[ddls]

Yes, I was in this from late 08 til 2011 when it popped to 5.85

I'm sorry I didn't load up when it was trading .33 cent early 09.

This little aluminum company is tied to construction, and since
home sales have turned around this should take off. just wait!
They delisted in early 09 and the symbal was ERSO, now it's back
to what it used to be ERS.
These guys running it aren't dumb. Even after going through the
worst time in the market during that time they still paid a dividend.

They said they would return to the general market, and they did.
They do what they say ther're going to do. They used to be listed
on the AMEX til they delisted in 09.

I'm watching this all the time.

GLTY

[Phantom_Trader]

Looks like a very interesting play and solid company. Ton of Form 3's the other day following the uplisting and love the upward movement daily. Might grab a starter here

[Renee]

I had better due dilly this stock, then. Thanks, ddls!!!

[ddls]

This is a fine little company that is well managed. I was in it for
many years. They are going to go up in the next several years big
time. The plus is, they pay a handsom dividend. They announced
months and months ago that they were going to uplist. This is a
solid company that I like.

[Renee]

ERSO uplisted to Nasdaq. New ticker ERS:

http://www.otcbb.com/asp/dailylist_detail.asp?d=02/01/2013&mkt_ctg=NON-OTCBB

[daytradingshrink]

This isnt the Q1 report folks

...Anyone else realize this is old news?? We knew they would hit around 1$/share in eps for 2010. Its almost april so we're looking for the Q1 report for 2011. people are selling when they dont even know what report you are looking at. This is why i hate low vol pink sheet stocks. Clowns trading it have no idea what theyre doing. Wish these guys would take their company to a reputable exchange.

traded right back down to the 50dma, time to buy buy buy for the q1 report. Its hilarious to me that people are trading based on info about 2010 as opposed to the pending report which tells you how erso's 2011 will look

too funny

[10 bagger]

Empire Resources Announces 2010 Operating Results

PR Newswire - Mar 29 at 08:30

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., March 29, 2011 /PRNewswire/ -- Empire Resources, Inc. (OTCQX: ERSO), a distributor of value added, semi-finished metal products, today announced an 89% increase in revenues from $246,062,000 in 2009 to $465,013,000 in 2010. Net income for 2010 was $9,145,000 as compared to net loss of ($511,000) in 2009. Net income in 2010 increased to $0.97 per share on a fully diluted basis as compared to a net loss of $(0.05) per share on a fully diluted basis in 2009. Operating income after asset recovery/impairment increased 285% from $4,813,000 in 2009 to $18,543,000 in 2010. Interest expense decreased from $5,622,000 in 2009 to $3,997,000 in 2010.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the distribution, transportation, automotive, housing, appliance and packaging industries in the United States, Brazil, Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.

(Table Follows)


Consolidated Statements of Income

In thousands, except per share amounts



Year Ended December 31,
2010 2009

Net sales $ 465,013 $ 246,062

Cost of goods sold 434,785 229,513

Gross profit 30,228 16,549

Selling, general and administrative expenses 12,031 8,770

Operating income before asset impairment 18,197 7,779

Asset (recovery)/impairment (346) 2,966

Operating income 18,543 4,813

Interest expense 3,997 5,622

Income before income taxes 14,546 (809)

Income taxes 5,401 (298)

Net income (loss) $ 9,145 $ (511)

Weighted average shares outstanding:

Basic 9,260 9,437

Diluted 9,435 9,437

Earnings (loss) per share:

Basic $ 0.99 $ (0.05)

Diluted $ 0.97 $ (0.05)



See notes to consolidated financial statements







SOURCE Empire Resources, Inc.

[jacko768]

jump on no news. good sign to me. more to come :)

[10 bagger]

ERSO.. New High $5.89..

Earnings are close and $1.08 is anticipated .. Still long a few but wish I hadn't dumped 2/3 Of the position at a $5.00 Ave.. Bought some back @$5.15 but not enough.. hank

[10 bagger]

ERSO.. $5.15 Earnings near..

[jacko768]

might be getting into this one. Looks good chart wise and is highly recommended. anything i should know about this one??

[10 bagger]

ERSO $5.20..

While I am not a chart reader and do not reley on them I have to agree on this one.. ERSO will have earnings explosion for the next several Qtrs. hank

[10 bagger]

ERSO.. $5.45..

New High.. hank

[10 bagger]

I-Box updated..

[10 bagger]

ERSO (4.45) posts EPS of $0.31 versus a loss y/y. Another great quarter. Company also declares a special $0.10 dividend in addition to the regular $0.025 quarterly payout.

FORT LEE, N.J., Nov. 15, 2010 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO), a distributor of value added, semi-finished metal products, today announced net income for the three and nine months ended September 30, 2010 of $2,957,000 and $7,893,000 as compared to $(1,511,000) and $(1,084,000) for the same periods in 2009. Net income for the three and nine months ended September 30, 2010 was $0.31 and $0.84 per share on a fully diluted basis as compared to $(0.16) and $(0.11) on a fully diluted basis for the same periods in 2009.

"I am pleased to report that our company experienced greatly improved performance for the nine month period of 2010, both in terms of sales and earnings. These results were achieved despite a continued challenging economic environment," said Nathan Kahn, Chief Executive Officer.


The Company also announced that its Board of Directors has declared a regular cash dividend of $0.025 per share and a special dividend of $0.10 per share. The regular and special dividends are payable on December 14, 2010 to stockholders of record at the close of business on November 29, 2010. The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.


Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.


This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.

Three Months Ended Nine Months Ended September 30, September 30, 2010 2009 2010 2009 ---- ---- Net sales $124,952 $51,478 $359,900 $170,656 Cost of goods sold 116,540 47,894 335,535 159,479 ------- ------ ------- ------- Gross profit 8,412 3,584 24,365 11,177 Selling, general and administrative expenses 3,120 2,173 8,725 6,071 ----- ----- ----- ----- Operating income before asset impairment 5,292 1,411 15,640 5,106 Impairment recovery/ (asset impairment) 347 (2,966) 347 (2,966) --- ------ --- ------ Operating income 5,639 (1,555) 15,987 2,140 Interest expense 1,011 1,295 3,547 4,288 ----- ----- ----- ----- Income before income taxes 4,628 (2,850) 12,440 (2,148) Income taxes 1,671 (1,339) 4,547 (1,064) ----- ------ ----- ------ Net income $2,957 $(1,511) $7,893 $(1,084) ====== ======= ====== ======= Weighted average shares outstanding: Basic 9,270 9,388 9,262 9,449 ===== ===== ===== ===== Diluted 9,524 9,390 9,401 9,450 ===== ===== ===== ===== Earnings per share: Basic $0.32 $(0.16) $0.85 $(0.11) ===== ====== ===== ====== Diluted $0.31 $(0.16) $0.84 $(0.11) ===== ====== ===== ====== See notes to unaudited condensed consolidated financial statements SOURCE Empire Resources, Inc.

[cdc53]

Fully dilluted eps .84 up from .11

[10 bagger]

ERSO.. $4.10 New high..



This a follow thru. of released earnings..

Empire Resources Announces Second Quarter Operating Results

PR Newswire - Aug 16 at 08:30

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., Aug. 16 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three and six months ended June 30, 2010 of $2,238,000 and $4,936,000 as compared to $209,000 and $427,000 for the same periods in 2009. Net income for the three and six months ended June 30, 2010 was $0.24 and $0.53 per share on a fully diluted basis as compared to $0.02 and $0.04 per share on a fully diluted basis for the same periods in 2009.

Net sales for the three and six months of 2010 were $114,822,000 and $234,948,000 as compared to $54,732,000 and $119,178,000 for the same periods in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.


Consolidated Statements of Income (unaudited)

In thousands, except per share amounts



Three Months Ended June 30, Six Months Ended June 30,

2010 2009 2010 2009

Net sales $ 114,822 $ 54,732 $ 234,948 $ 119,178

Cost of goods sold 107,091 51,068 218,995 111,585

Gross profit 7,731 3,664 15,953 7,593

Selling, general and
administrative expenses 2,864 1,875 5,605 3,898

Operating income 4,867 1,789 10,348 3,695

Interest expense 1,331 1,434 2,536 2,993

Income before income
taxes 3,536 355 7,812 702

Income taxes 1,298 146 2,876 275

Net income $ 2,238 $ 209 $ 4,936 $ 427

Weighted average shares
outstanding:

Basic 9,255 9,512 9,268 9,519

Diluted 9,401 9,512 9,349 9,519

Earnings per share:

Basic $ 0.24 $ 0.02 $ 0.53 $ 0.04

Diluted $ 0.24 $ 0.02 $ 0.53 $ 0.04

[10 bagger]

ERSO.. $3.80..

I have read the following release severl times and am becoming more convinced that ERSO will work much higher over the next 6 Mo's.. hankEmpire Resources Announces Second Quarter Operating Results

PR Newswire - Aug 16 at 08:30

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., Aug. 16 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three and six months ended June 30, 2010 of $2,238,000 and $4,936,000 as compared to $209,000 and $427,000 for the same periods in 2009. Net income for the three and six months ended June 30, 2010 was $0.24 and $0.53 per share on a fully diluted basis as compared to $0.02 and $0.04 per share on a fully diluted basis for the same periods in 2009.

Net sales for the three and six months of 2010 were $114,822,000 and $234,948,000 as compared to $54,732,000 and $119,178,000 for the same periods in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

[10 bagger]

ERSO.. $3.72 Declares Dividend

Empire Resources, Inc. Declares Dividend for the Third Quarter of 2010

PR Newswire - Sep 16 at 11:00

Company Symbols: NASDAQ-OTCBB:ERSO, OTC-PINK:ERSO


FORT LEE, N.J., Sept. 16 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTC: ERSO), announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on October 5, 2010 to stockholders of record at the close of business on September 27, 2010.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range of metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Australia, New Zealand and Europe.

SOURCE Empire Resources, Inc.

[10 bagger]

ERSO.. $3.65..

Progress has continued and ERSO has been able to keep it's balance sheet and inventory under control during this last recession/ commodity collapse and seems poised to continue it's growth of the past 2 Qtrs.. ERSO traded as high as $66.00 a few yers past and has continued it's dividend polocy during the last turn down in the economy.. ERSO and CLFD aere my 2 choices as recovery stocks and have again taken a position in ERSO.. hank

[10 bagger]

Empire Resources Announces Second Quarter Operating Results

PR Newswire - Aug 16 at 08:30

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., Aug. 16 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three and six months ended June 30, 2010 of $2,238,000 and $4,936,000 as compared to $209,000 and $427,000 for the same periods in 2009. Net income for the three and six months ended June 30, 2010 was $0.24 and $0.53 per share on a fully diluted basis as compared to $0.02 and $0.04 per share on a fully diluted basis for the same periods in 2009.

Net sales for the three and six months of 2010 were $114,822,000 and $234,948,000 as compared to $54,732,000 and $119,178,000 for the same periods in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.


Consolidated Statements of Income (unaudited)

In thousands, except per share amounts



Three Months Ended June 30, Six Months Ended June 30,

2010 2009 2010 2009

Net sales $ 114,822 $ 54,732 $ 234,948 $ 119,178

Cost of goods sold 107,091 51,068 218,995 111,585

Gross profit 7,731 3,664 15,953 7,593

Selling, general and
administrative expenses 2,864 1,875 5,605 3,898

Operating income 4,867 1,789 10,348 3,695

Interest expense 1,331 1,434 2,536 2,993

Income before income
taxes 3,536 355 7,812 702

Income taxes 1,298 146 2,876 275

Net income $ 2,238 $ 209 $ 4,936 $ 427

Weighted average shares
outstanding:

Basic 9,255 9,512 9,268 9,519

Diluted 9,401 9,512 9,349 9,519

Earnings per share:

Basic $ 0.24 $ 0.02 $ 0.53 $ 0.04

Diluted $ 0.24 $ 0.02 $ 0.53 $ 0.04



See notes to unaudited condensed consolidated
financial statements











SOURCE Empire Resources, Inc.

[10 bagger]

Empire Resources, Inc. Declares Dividend for the Second Quarter of 2010

PR Newswire - Jun 23 at 16:15

Company Symbols: NASDAQ-OTCBB:ERSO, OTC-PINK:ERSO


FORT LEE, N.J., June 23 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTC: ERSO), announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on July 20, 2010 to stockholders of record at the close of business on July 6, 2010.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range of metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Australia, New Zealand and Europe.


CUSIP: 29206E100

Common Stock

Record date: July 6, 2010

Payment date: July 20, 2010

Dividend amount per share: $0.025

[10 bagger]

Empire Resources Announces First Quarter Operating Results

PR Newswire - May 17 at 16:00

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., May 17 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three months ended March 31, 2010 of $2,698,000 as compared to $218,000 for the same period in 2009. Net income for the three months ended March 31, 2010 increased to $0.29 per share on a fully diluted basis as compared to $0.02 per share on a fully diluted basis for the same period in 2009.

Net sales for the three months of 2010 were $120,126,000 as compared to $64,446,000 for the same period in 2009. Net sales increased 86% for the three month period in 2010 as compared to the same period in the prior year.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.


Consolidated Statements of Income(Unaudited)

In thousands, except per share amounts



Three Months Ended

March 31,

2010 2009

Net sales $ 120,126 $ 64,446

Cost of goods sold 111,904 60,517

Gross profit 8,222 3,929

Selling, general and administrative expenses 2,741 2,023

Operating income 5,481 1,906

Interest expense 1,205 1,559

Income before income taxes 4,276 347

Income taxes 1,578 129

Net income $ 2,698 $ 218

Weighted average shares outstanding:

Basic 9,285 9,526

Diluted 9,300 9,526

Earnings per share:

Basic $0.29 $0.02

Diluted $0.29 $0.02



See notes to unaudited condensed consolidated financial statements







SOURCE Empire Resources, Inc.

[10 bagger]

Empire Resources Announces 2009 Operating Results

PR Newswire - Mar 29 at 09:00

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., March 29 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (Pink Sheets: ERSO), a distributor of value added, semi-finished metal products, today announced a 43% decrease in revenues from $428,997,000 in 2008 to $246,062,000 in 2009. Net loss for 2009 was ($511,000) as compared to net income of $3,851,000 in 2008. Net income in 2009 decreased to $(0.05) per share on a fully diluted basis, as compared to net income in 2008 of $0.39 per share on a fully diluted basis. Operating income before asset impairment decreased 42% from $13,424,000 in 2008 to $7,779,000 in 2009. Interest expense decreased from $7,176,000 in 2008 to $5,622,000 in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.



(Table Follows)



Consolidated Statements of Income
In thousands, except per share amounts

Year Ended December 31,
-----------------------
2009 2008
---- ----
Net sales $246,062 $428,997
Cost of goods sold 229,513 404,864
------- -------
Gross profit 16,549 24,133
Selling, general and administrative expenses 8,770 10,709
----- ------
Operating income before asset impairment 7,779 13,424
Asset impairment 2,966 -
----- ---
Operating income 4,813 13,424
Interest expense 5,622 7,176
----- -----
(Loss)/income before income taxes (809) 6,248
Income taxes (298) 2,397
---- -----
Net (loss)/ income $(511) $3,851
===== ======
Weighted average shares outstanding:
Basic 9,437 9,759
===== =====
Diluted 9,437 9,874
===== =====
Earnings (loss) per share:
Basic ($0.05) $0.39
====== =====
Diluted ($0.05) $0.39
====== =====

See notes to consolidated financial statements

SOURCE Empire Resources, Inc.

[10 bagger]

Empire Resources Declares Dividend for the First Quarter of 2010

PR Newswire - Mar 19 at 11:26

Company Symbols: NASDAQ-OTCBB:ERSO, OTC-PINK:ERSO


FORT LEE, N.J., March 19 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTC: ERSO) announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on April 14, 2010 to stockholders of record at the close of business on April 1, 2010.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Australia, New Zealand and Europe.

SOURCE Empire Resources, Inc.

[10 bagger]

ERSO.. $2.98

[10 bagger]

ERSO.. $1.49

Empire Resources Announces First Quarter Operating Results

PR Newswire - May 17 at 16:00

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., May 17 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three months ended March 31, 2010 of $2,698,000 as compared to $218,000 for the same period in 2009. Net income for the three months ended March 31, 2010 increased to $0.29 per share on a fully diluted basis as compared to $0.02 per share on a fully diluted basis for the same period in 2009.

Net sales for the three months of 2010 were $120,126,000 as compared to $64,446,000 for the same period in 2009. Net sales increased 86% for the three month period in 2010 as compared to the same period in the prior year.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.


Consolidated Statements of Income(Unaudited)

In thousands, except per share amounts



Three Months Ended

March 31,

2010 2009

Net sales $ 120,126 $ 64,446

Cost of goods sold 111,904 60,517

Gross profit 8,222 3,929

Selling, general and administrative expenses 2,741 2,023

Operating income 5,481 1,906

Interest expense 1,205 1,559

Income before income taxes 4,276 347

Income taxes 1,578 129

Net income $ 2,698 $ 218

Weighted average shares outstanding:

Basic 9,285 9,526

Diluted 9,300 9,526

Earnings per share:

Basic $0.29 $0.02

Diluted $0.29 $0.02

[10 bagger]

ERSO..$ !.36

Empire Resources Announces 2009 Operating Results

PR Newswire - Mar 29 at 09:00

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., March 29 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (Pink Sheets: ERSO), a distributor of value added, semi-finished metal products, today announced a 43% decrease in revenues from $428,997,000 in 2008 to $246,062,000 in 2009. Net loss for 2009 was ($511,000) as compared to net income of $3,851,000 in 2008. Net income in 2009 decreased to $(0.05) per share on a fully diluted basis, as compared to net income in 2008 of $0.39 per share on a fully diluted basis. Operating income before asset impairment decreased 42% from $13,424,000 in 2008 to $7,779,000 in 2009. Interest expense decreased from $7,176,000 in 2008 to $5,622,000 in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company&;s publicly available statements and periodic reports.



(Table Follows)



Consolidated Statements of Income
In thousands, except per share amounts

Year Ended December 31,
-----------------------
2009 2008
---- ----
Net sales $246,062 $428,997
Cost of goods sold 229,513 404,864
------- -------
Gross profit 16,549 24,133
Selling, general and administrative expenses 8,770 10,709
----- ------
Operating income before asset impairment 7,779 13,424
Asset impairment 2,966 -
----- ---
Operating income 4,813 13,424
Interest expense 5,622 7,176
----- -----
(Loss)/income before income taxes (809) 6,248
Income taxes (298) 2,397
---- -----
Net (loss)/ income $(511) $3,851
===== ======
Weighted average shares outstanding:
Basic 9,437 9,759
===== =====
Diluted 9,437 9,874
===== =====
Earnings (loss) per share:
Basic ($0.05) $0.39
====== =====
Diluted ($0.05) $0.39
====== =====

See notes to consolidated financial statements

SOURCE Empire Resources, Inc.

[10 bagger]

ERSO... #1.25

Empire Resources Announces Closure and Write-Down of its Baltimore Extrusion Press and Announces Third Quarter Dividend

FORT LEE, N.J., Sept. 30 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO), a distributor of value added, semi-finished aluminum products, today announced that it plans to shutter the extrusion press at its Baltimore facility and will take a write-down of approximately $2.97 million, or $.31 per share, for the third quarter of 2009, which will result in a loss for the quarter.

The decision to shut down the press was the result of the ongoing weakness and overcapacity in the aluminum extrusion marketplace. Nathan Kahn, CEO stated that "The shutdown will permanently relieve the negative financial impact that the Company encountered in attempting to bring the facility online and to full capacity." The Company does not know if or when it will resume extrusion operations in the future.

Mr. Kahn further stated that "the shutdown will have no material impact on the Company's core distribution business and will not impact the rest of its Baltimore warehouse and distribution facility."

The Company also announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on October 21, 2009 to stockholders of record at the close of business on October 5, 2009.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.

DATASOURCE: Empire Resources, Inc.


CONTACT: David Kronfeld of Empire Resources, Inc., [phone],

Web Site: http://www.empireresources.com/

[10 bagger]

ERSO.. $1.35..

The continued squeeze on profit margins at ERSO has been severe.. I have sold my position down to about 10% of my former position size and would buy back if ERSO were to trade around the $1.00 level.. It's just too difficult for any company to go from billions in sales to millions with out a strain on employees and banking relationships.. ERSO has done that while maintaing a div.,, but as I see it it will be much harder as time goes on without any increase in economic activity... hank

[10 bagger]

ERSO..$1.25

Empire Resources Announces Second Quarter Operating Results


FORT LEE, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished aluminum products, today announced net income for the three and six months ended June 30, 2009 of $209,000 and $427,000 as compared to $1,068,000 and $2,180,000 for the same periods in 2008. Net income for the three and six months ended June 30, 2009 was $0.02 and $0.04 per share on a fully diluted basis as compared to $0.11 and $0.22 per share on a fully diluted basis for the same periods in 2008.


Net sales for the three and six months of 2009 were $54,732,000 and $119,178,000 as compared to $104,264,000 and $223,293,000 for the same periods in 2008.


Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.


This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.


(Table Follows)



Consolidated Statements of Income (unaudited)

In thousands, except per share amounts


Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2009 2008 2009 2008
------ ------ ------ ------
Net sales $54,732 $104,264 $119,178 $223,293
Cost of goods sold 51,068 97,981 111,585 210,800
Gross profit 3,664 6,283 7,593 12,493
Selling, general and
administrative expenses 1,875 2,756 3,898 5,532
Operating income 1,789 3,527 3,695 6,961
Interest expense 1,434 1,798 2,993 3,457
Income before income taxes 355 1,729 702 3,504
Income taxes 146 661 275 1,324
Net income $209 $1,068 $427 $2,180
Weighted average shares
outstanding:
Basic 9,512 9,826 9,519 9,826
Diluted 9,512 9,977 9,519 9,974
Earnings per share:
Basic $0.02 $0.11 $0.04 $0.22
Diluted $0.02 $0.11 $0.04 $0.22

See notes to unaudited condensed consolidated financial statements






SOURCE Empire Resources, Inc.

[10 bagger]

ERSO..$1.25

Empire Resources Announces Second Quarter Operating Results


FORT LEE, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished aluminum products, today announced net income for the three and six months ended June 30, 2009 of $209,000 and $427,000 as compared to $1,068,000 and $2,180,000 for the same periods in 2008. Net income for the three and six months ended June 30, 2009 was $0.02 and $0.04 per share on a fully diluted basis as compared to $0.11 and $0.22 per share on a fully diluted basis for the same periods in 2008.


Net sales for the three and six months of 2009 were $54,732,000 and $119,178,000 as compared to $104,264,000 and $223,293,000 for the same periods in 2008.


Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.


This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.


(Table Follows)



Consolidated Statements of Income (unaudited)

In thousands, except per share amounts


Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2009 2008 2009 2008
------ ------ ------ ------
Net sales $54,732 $104,264 $119,178 $223,293
Cost of goods sold 51,068 97,981 111,585 210,800
Gross profit 3,664 6,283 7,593 12,493
Selling, general and
administrative expenses 1,875 2,756 3,898 5,532
Operating income 1,789 3,527 3,695 6,961
Interest expense 1,434 1,798 2,993 3,457
Income before income taxes 355 1,729 702 3,504
Income taxes 146 661 275 1,324
Net income $209 $1,068 $427 $2,180
Weighted average shares
outstanding:
Basic 9,512 9,826 9,519 9,826
Diluted 9,512 9,977 9,519 9,974
Earnings per share:
Basic $0.02 $0.11 $0.04 $0.22
Diluted $0.02 $0.11 $0.04 $0.22

See notes to unaudited condensed consolidated financial statements






SOURCE Empire Resources, Inc.

[10 bagger]

ERSO..$1.51

It looks like we will have earnings shortly and ERSO keeps moving up..hank

[10 bagger]

ERSO..$1.41

Related Quotes
Sym. Price Chg.
ERSO Trade
News 1.41 0
Empire Resources Declares Dividend for the Second Quarter of 2009

Jun 25, 2009 15:03:00 (ET)


FORT LEE, N.J., June 25, 2009 /PRNewswire via COMTEX/ -- Empire Resources, Inc. (ERSO, Trade ), announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on July 22, 2009 to stockholders of record at the close of business on July 8, 2009.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Australia, New Zealand and Europe.

SOURCE Empire Resources, Inc.

[10 bagger]

ERSO.. new high $1.82..

Didn't close there,, I lightened up about 20% of my position at an Ave. of $1.55.. I am on the bid to buy it back.. hank

[10 bagger]

ERSO.. $1.55 bid..

Looks like we will see 2.00 soon..hank

[10 bagger]

ERSO..$1.02.. Gross profit margins increase..!!!

Empire Resources Inc.
FORT LEE, N.J., May 15 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished aluminum products, today announced net income for the three months ended March 31, 2009 of $218,000 as compared to $1,112,000 for the same period in 2008. Net income for the three months ended March 31, 2009 decreased to $0.02 per share on a fully diluted basis as compared to $0.11 per share on a fully diluted basis for the same period in 2008.

Net sales for the three months of 2009 were $64,446 as compared to $119,029 for the same period in 2008. Net sales decreased 46% for the three month period in 2009 as compared to the same period in the prior year.

Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.

Consolidated Statements of Income (unaudited)
In thousands, except per share amounts


Three Months Ended March 31,
2009 2008
Net sales $64,446 $119,029
Cost of goods sold 60,517 112,819
Gross profit 3,929 6,210
Selling, general and administrative expenses 2,023 2,776
Operating income 1,906 3,434
Interest expense 1,559 1,659
Income before income taxes 347 1,775
Income taxes 129 663
Net income $218 $1,112
Weighted average shares outstanding:
Basic 9,526 9,826
Diluted 9,526 9,972
Earnings per share:
Basic $0.02 $0.11
Diluted $0.02 $0.11

[10 bagger]

ERSO..$1.02

Empire Resources Declares Dividend for the First Quarter of 2009
On Wednesday March 25, 2009, 6:24 pm EDT
.
FORT LEE, N.J., March 25 /PRNewswire/ -- Empire Resources, Inc. (Pink Sheets: ERSO - News), announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on April 20, 2009 to stockholders of record at the close of business on April 6, 2009.

The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Europe, Australia, and New Zealand.

[10 bagger]

ERSO $1.02...Empire Resources Announces 2008 Operating Results
On Tuesday March 31, 2009, 7:24 pm EDT

FORT LEE, N.J., March 31 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO), a distributor of value added, semi-finished aluminum products, today announced a 9.8% decrease in revenues from $475,473,000 in 2007 to $428,997,000 in 2008. Net income for 2008 was $3,851,000 as compared to net income of $4,544,000 in 2007, a decrease of 15.3% over the prior year's results. Net income decreased to $0.39 per share on a fully diluted basis, as compared to net income in 2007 of $0.45 per share on a fully diluted basis. Operating income decreased 10.4% from $14,987,000 in 2007 to $13,424,000 in 2008. Interest expense decreased from $7,873,000 in 2007 to $7,176,000 in 2008.

Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's publicly available statements and periodic reports.

Consolidated Statements of Income
In thousands, except per share amounts

Year Ended December 31,
2008 2007

Net sales $428,997 $475,473
Cost of goods sold 404,864 449,730
Gross profit 24,133 25,743
Selling, general and administrative expenses 10,709 10,756
Operating income 13,424 14,987
Interest expense 7,176 7,873
Income before income taxes 6,248 7,114
Income taxes 2,397 2,570

Net income $3,851 $4,544

Weighted average shares outstanding:
Basic 9,759 9,796
Diluted 9,874 10,035

Earnings per share:
Basic $0.39 $0.46
Diluted $0.39 $0.45


See notes to consolidated financial statements

[10 bagger]

ERSO..

Added again at $1.02.. hank

[10 bagger]

ERSO..

Bought 500 @ $1.05 and 928 @ $1.07..

Have been high day for several day's now and have yet to buy a share on the bid.. $1.05 bid is mine..hank

[researcher59]

I added a few shares today at $1. This will probably be a multibagger once the economy rebounds, if not sooner. Plus there's a nice 10% dividend to collect in the meanwhile.

This was IBD's #1 ranked stock in 2006 when it ran all the way up to $64+ and basically it's the same company now as it was back then except that they chose to move to the pinksheets to save on excessive Sarbanes Oxley expenses.

[gold80302]

ERSO
My order was for a starter position of 5000. 2500 filled. May try to buy more manana. Where do you see this going.

[10 bagger]

ERSO..

I have a friend that said he put in an order at $0.95 and it sat there all day and he didn't get a fill.. I told him that I bought 2888 @$0.99 didnt see it going lower and I was on a $0.96 bid all morning.. I also told him that I thought ESPO would not trade below $1.00 because there were less than 300 shareholders and,, the job ERSO did managing inventorys with the fall in Au prices last qtr.. was quite a feat and this Qtr. should be much better..

hank

[gold80302]

Hank bought a few today at $1 today. Dont see any resistance till about $1.60.

[10 bagger]

ERSO..

Looks like it is ready to explode.. There are less than 300 shareholders and I have been high bid for three days and have not bought a share.. Almost feels like a short squeeze but I'm not in the naked short camp.. I am long.. hank

[10 bagger]

ERSO.. Stock Chart.. $0.99 Close 04/03/09

[10 bagger]

Posted by: researcher59 Date: Friday, April 03, 2009 11:17:36 AM
In reply to: 10 bagger who wrote msg# 113215 Post # of 113258

ERSO margins could benefit from the stabilization of aluminum prices in Q1 .... they were falling sharply all through Q4, hence high cost inventory had to be sold at reduced margins .... if the dividend gets restored to $0.05 per quarter as it was through last year, the yield would be 22% at the current stock price of $0.90.

ERSO has a long history of paying dividends.

[10 bagger]

Posted by: 10 bagger Date: Thursday, April 02, 2009 1:32:06 PM
In reply to: None Post # of 2076

Posted by: 10 bagger Date: Wednesday, April 01, 2009 10:59:32 AM
In reply to: researcher59 who wrote msg# 113098 Post # of 113183

ERSO..

I was able to buy 18000 shares at an Ave of 0.81.. I would of bought more but I could not get a level 2 feed or a streamer here on I-hub so i didn't know how many market makers there were.. hank

[10 bagger]

Posted by: 10 bagger Date: Wednesday, April 01, 2009 10:38:23 AM
In reply to: researcher59 who wrote msg# 113085 Post # of 113258

ERSO..

I think because they are a dist. and not a producer this stock is dirt cheap.. I like the balance sheet and the fact that they pay a div tells me they have good banking relations.. ALu.. is at an all time low at present so thier sales should of fell because they are dis and deliver on volume.. Either they have found more cust or thier segment of the market is seeing a business upturn.. This is not a small company and should get more exposure.. hank