Industrial Services Of America, Inc. Expects First Quarter Earnings Per Share Range Of $0.39 To $0.42
Industrial Services of America, Inc. (NASDAQ: IDSA), a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities for domestic users and export markets and offers programs and equipment to help businesses manage wastes, today announced financial guidance for the first quarter ending March 31, 2010.
For the first quarter ending March 31, 2010, ISA expects earnings to be in the range of $0.39 to $0.42 per basic and diluted share on revenues between $72 - $75 million. That compares with first quarter 2009 earnings of $0.18 per share on revenues of $24.2 million.
Harry Kletter, CEO and founder of ISA stated, "We continue to operate on all cylinders as our stainless operation continues to expand and our shredder is running near full capacity. As the economy continues to move back to a more normal level from the depressed levels of a year ago we are well positioned to take advantage of the economic improvements."
The Company also announced that the recycling division has begun operations in its 150,000 square foot building which is on our adjoining property to the stainless and non-ferrous operations. The Company recently took back possession of this building and it will be primarily used for stainless steel and high temperature alloys.ISA’s 2009 SEC filings are available for review at the Securities and Exchange Commission web site at http://www.sec.gov/edgar/searchedgar/companysearch.html. About ISA Headquartered in Louisville, Kentucky, Industrial Services of America, Inc., is a publicly traded company whose core business is buying, processing and marketing scrap metals and recyclable materials for domestic users and export markets. Additionally, ISA offers commercial, industrial and business customers a variety of programs and equipment to efficiently manage waste. More information about ISA is available at 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 waste managing systems and equipment, competitive pressures in the waste managing business, and loss of customers. Further information on factors that could affect ISA's results is detailed in ISA's filings with the Securities and Exchange Commission. ISA undertakes no obligation to publicly release the results of any revisions to the forward-looking statements.
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