PSC Metals reports loss despite higher sales

May 02, 2012 | 11:43 AM | Lisa Gordon

Tags  PSC Metals, ferrous scrap, nonferrous scrap, Icahn Enterprises, Lisa Gordon

PITTSBURGH — Higher sales and shipments weren’t enough to bolster results for PSC Metals Inc., which swung to a loss during its fiscal first quarter.

The Mayfield Heights, Ohio-based division of Icahn Enterprises LP posted an operating loss of $2 million during the three months ended March 31, in contrast to an $8-million operating profit in the year-ago quarter, despite sales that rose nearly 19 percent to $332 million from $279 million.....

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