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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