ISA results stumble in quarter but up sharply year to date

Nov 10, 2010 | 11:55 AM | Michael Marley

Industrial Services of America Inc.'s earnings slipped in the third quarter, but year-to-date results remained well ahead of the same period last year.

The Louisville, Ky.-based scrap processor posted net income of $1.9 million for the three months ended Sept. 30, down 11 percent from nearly $2.2 million a year earlier on revenue that fell 4.3 percent to $76.5 million from just shy of $80 million.

For the first nine months of the year, however, ISA's net income jumped 61.4 percent to more than $6 million from $3.7 million last year on revenue that climbed nearly 70 percent to $243.5 million from $143.3 million.....





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