Exide net loss jumps to $13.9M in qtr.
Nov 12, 2012 | 03:36 PM
| Daniel Fitzgerald
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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