PSC breaks even despite sales gain

Nov 07, 2011 | 03:51 PM | Lisa Gordon

Tags  scrapyard, ferrous scrap, nonferrous scrap, PSC Metals, Icahn Enterprises, Metals Solutions, Knox Recycling, Lisa Gordon

PITTSBURGH — PSC Metals Inc. was at breakeven in the third quarter despite higher sales and a recent string of scrapyard buys.

The company reported a pre-tax loss of $1 million, offset by a $1-million tax benefit vs. a year-earlier pre-tax loss of $2 million, offset by a $1-million tax benefit. Revenue for the period rose 60.9 percent to $272 milliion.....





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