ISA logs higher earnings on lower revenue

Nov 01, 2006 | 11:03 AM | Michael Marley

Industrial Services of America Inc. (ISA), the Louisville, Ky., scrap processor and waste hauler, said its net income rose 35.4 percent in the third quarter despite a sharp decline in revenue compared with the same period last year.

The company issued a preliminary financial report indicating its net income climbed to $439,568 from $325,294 a year earlier on revenue that plunged 55.7 percent to $15.3 million from $34.6 million. The year-earlier quarter included revenue from a waste management contract that Industrial....

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