Exide net loss jumps to $13.9M in qtr.
Nov 12, 2012 | 03:36 PM
| Daniel Fitzgerald
Tags
Exide Technologies,
lead recycling,
quarterly results,
junk batteries,
James Bolch,
Phillip Damaska,
Johnson Controls,
Gopher Resource LLC
Daniel Fitzgerals
NEW YORK — Exide Technologies is adapting to "the new external realities" of the secondary lead market by closing and idling two of its lead recycling plants, the company said, as it recorded a wider net loss for its fiscal second quarter.
The company posted a net loss of nearly $13.9 million for the three months ended Sept. 30, nearly four times the $3.6-million net loss recorded in the same period a year ago, on sales that fell 7.9 percent to $711.7 million from almost $773 million.....
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