ISA falls into red ink in 2d quarter

Aug 15, 2012 | 03:30 PM | Sean Davidson

Tags  scrap, Industrial Services of America, ISA, Brian Donaghy, Harry Kletter, Sean Davidson

NEW YORK — Industrial Services of America Inc. (ISA) posted a second-quarter net loss of nearly $1.24 million, in contrast to net income of $313,000 in the same period last year, on revenue that tumbled 23.4 percent to $49.85 million.

In a separate statement, the Louisville, Ky.-based company announced the departure of chief financial officer Robert Coleman for personal reasons. It indicated that vice president of finance Alan Schroering is serving as interim chief financial officer.....

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