Metalico Inc. (MEA)

[polkamatic]

Metalico Sets August 13 Call, Anticipates Improved Results
CRANFORD, NJ , July 15, 2014 - Metalico, Inc. (NYSE MKT: MEA), a scrap metal recycler and lead products fabricator, plans to report financial results for the quarter ended June 30, 2014 and provide an update on business developments in a conference call on Wednesday, August 13, 2014 at 10:00 a.m. ET.
http://ih.advfn.com/p.php?pid=nmona&article=62908806&symbol=MEA

The Company is scheduled to release its results earlier that day. It is expected to announce improving performance through the Second Quarter. The Company is providing this preliminary information at this time as an update to investor and customer inquiries regarding the status of company operations, finances and liquidity.

The conference call can be accessed by dialing [phone] (toll free) or [phone] (toll), Conference Confirmation Number 37710650. Callers should identify the Metalico Second Quarter Results Call.

For the Second Quarter, Metalico anticipates total sales of $142 million, an increase of approximately 9% from $130 million in the same period last year. Operating income improved and is anticipated to be between $2 million and $2.5 million, compared to a loss of $2 million in the same period last year. The Company benefitted from increased non-ferrous volumes and improvement in related margins. Metalico estimates that reported EBITDA for the quarter will more than double and be in a range of $6.8 million to $7.2 million, compared to $2.6 million for the same quarter in 2013.

As of the date of this release, the Company has not completed its financial closing process for the quarter, including its analysis of the carrying value of its goodwill. During the course of the close and related auditors' review, the Company may identify items that would require it to make adjustments to earning results or carrying values of assets, any of which would impact results. As a consequence, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary results.

A transcript of the results call will be posted on the Company's website, www.metalico.com, when available. An audio replay of the call will be accessible at [phone] (toll free) or [phone] (toll) for the first week after the call's conclusion. Callers will be required to enter the Conference Confirmation Number to access the recording.

Metalico, Inc. is a holding company with operations in two principal business segments: Ferrous and Non-Ferrous Scrap Metal Recycling, including PGM and Minor Metals Recycling, and Fabrication of Lead-Based Products. The Company operates recycling facilities in New York, Pennsylvania, Ohio, West Virginia, New Jersey, Texas, and Mississippi and lead fabricating plants in Alabama, Illinois, and California. Metalico's common stock is traded on the NYSE MKT under the symbol MEA.