This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Industrial Services Of America, Inc. Issues Guidance For The Fourth Quarter 2010

Stocks in this article: IDSA

Industrial Services of America, Inc. (NASDAQ: IDSA) today announced guidance for its fourth quarter ended December 31, 2010. Revenue for the fourth quarter of 2010 is expected to be between $96 and $101 million compared with $37.7 million for the fourth quarter of 2009. Net income for the fourth quarter of 2010 is expected to be between $0.25 and $0.29 per diluted share, compared with $0.24 per diluted share for the fourth quarter of 2009. Diluted shares outstanding for the fourth quarter of 2010 increased to 6,666,480 from 5,801,459 diluted shares in the fourth quarter of 2009.

2010 Financial Highlights:

  • Expected 2010 Revenues of $339 to $344 million compared to $181 million in 2009.
  • Expected 2010 Earnings of $1.16 to $1.21 per diluted share compared to $0.91 per diluted share in 2009.

ISA completed the upgrade of its eddy current downstream non-ferrous separation system in late December. While this new superior sorting capability is expected to add to ISA’s profitability going forward, the company was forced to hold off processing and shipping shredder output at the end of December while it awaited completion of the construction.

Key Highlights for the Year Ending December 31, 2010

  • Ferrous shipment volumes increased 97% year-over-year
  • Non-Ferrous shipment volumes increased 5% year-over-year
  • Alloy shipment volumes increased 34% year-over-year
  • Continued operational enhancements focused on profitability and efficiency
  • Continued strong demand from our existing customers

Harry Klettter, Chairman of the Board of Industrial Services of America, commented, “Our record growth continued in 2010, partly as a result of the improving economy and higher commodity prices and partly due to our aggressive strategic business efforts. We will focus on increased productivity and profitability in 2011 and will continue to look for new opportunities going forward.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs