Home > Boards > US Listed > Basic Materials > Industrial Services of America, Inc. (IDSA)

Industrial Services of America, Inc. Expects Full-Year Earnings

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
MikeDDKing Member Profile
Member Level 
Followed By 553
Posts 17,790
Boards Moderated 5
Alias Born 01/02/05
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 10/7/2019 5:04:53 PM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 10/7/2019 5:02:06 PM
Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) Edgar (US Regulatory) - 9/27/2019 4:38:22 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 9/27/2019 4:16:10 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/5/2019 4:11:41 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/19/2019 8:34:03 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/19/2019 8:28:32 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 8/19/2019 8:27:07 AM
Industrial Services of America, Inc. Announces Agreement to Sell Substantially All of Its Assets Business Wire - 8/19/2019 8:24:00 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 8/15/2019 8:30:56 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/12/2019 4:31:39 PM
Industrial Services of America, Inc. Announces First Quarter 2019 Financial Results Business Wire - 5/14/2019 5:19:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/14/2019 5:17:33 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/14/2019 5:13:25 PM
Amended Annual Report (10-k/a) Edgar (US Regulatory) - 4/30/2019 4:41:07 PM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 3/26/2019 11:45:24 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/20/2019 3:44:02 PM
Industrial Services of America, Inc. Announces Fourth Quarter 2018 Financial Results Business Wire - 3/13/2019 4:40:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/13/2019 4:29:59 PM
Annual Report (10-k) Edgar (US Regulatory) - 3/13/2019 4:22:30 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/8/2019 4:18:41 PM
Industrial Services of America, Inc. Announces Extension of Debt Maturity Dates Business Wire - 3/6/2019 4:27:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/6/2019 4:21:23 PM
Industrial Services of America, Inc. Announces Third Quarter 2018 Financial Results and New Credit Facility Business Wire - 11/13/2018 8:40:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/13/2018 8:33:39 AM
MikeDDKing Member Level  Friday, 02/12/10 02:56:45 PM
Re: None
Post # of 112 
Industrial Services of America, Inc. Expects Full-Year Earnings between $1.32 and $1.37 Per Share
On Monday February 8, 2010, 8:00 am EST

LOUISVILLE, Ky.--(BUSINESS WIRE)--Industrial Services of America, Inc. (NASDAQ: IDSA - News), a company that recycles stainless steel, ferrous and non-ferrous scrap metal, today announced financial guidance for the fourth quarter and fiscal year ending December 31, 2009.

For the fiscal year ending December 31, 2009, ISA expects earnings of between $1.32 and $1.37 per basic and diluted share on revenues of approximately $181 million. That compares with fiscal year 2008 earnings of $0.43 per share on revenues of $100 million.

The company expects basic and diluted earnings per share for the fourth quarter ending December 31, 2009 to be in the range of $0.31 to $0.36 compared to a loss for the quarter ending December 31, 2008 of ($0.69) per basic and diluted share. The loss in the fourth quarter of 2008 included an operating loss of ($0.32) per share and one-time charges of ($0.37) as reported in prior year.

ISA cites significant changes and investment in its business over the past 18 months that have positioned the company to participate in higher margin segments of the metals recycling business.

These investments include:

* Acquisition of Venture Metals and the hiring of its executives;
* Expansion of ISA’s primary metal recycling facility in Louisville that more than doubles its usable acreage;
* Road improvements on the thoroughfare and entrance to the Company’s primary recycling facility that increase the Company’s ability to process and receive shipments of raw metal; and
* Completion of installation of a TSC 80 SXS auto shredder that significantly increases metal processing capacity and end-product quality.

The company believes these investments will drive organic growth for the foreseeable future.

About ISA

Headquartered in Louisville, Kentucky, Industrial Services of America, Inc. buys, processes and markets scrap metals and recyclable materials for domestic users and export markets. Additionally, the company offers commercial, industrial and business customers a variety of programs and equipment to efficiently manage waste. More information about ISA is available at http://www.isa-inc.com.

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Specific risks include fluctuations in the price of recycled materials, varying demand for waste managing systems, equipment and services, competitive pressures in the stainless steel, ferrous and non-ferrous scrap metal recycling business, competitive pressures in the waste managing business and loss of customers. Further information on factors that could affect the Company's results is detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to the forward-looking statements.

The Company's SEC filings are available for review at the Securities and Exchange Commission web site at http://www.sec.gov/edgar/searchedgar/companysearch.html.

Contact:

Industrial Services of America, Inc., Louisville
Harry Kletter or Alan Schroering, 502-366-3452
hklet@isa-inc.com or aschroering@isa-inc.com
http://www.isa-inc.com/



Mike

SwingTrade is my favorite board - #board-1781

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist