Metalico charts loss in third quarter

Nov 09, 2012 | 05:10 PM | Lisa Gordon

Tags  scrap metal, ferrous, nonferrous, Metalico, Carlos Agüero, Lisa Gordon

Pittsburgh — A non-cash charge in its platinum group metals (PGM) segment pushed Metalico Inc. into the red for its third quarter.

The Cranford, N.J-based scrap metal processor recorded a $10.7-million loss on $132.8 million in revenues, in contrast to $5.1 million in income on revenues of $168.7 million in the year-ago period. ....

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