Horsehead posts 4th straight loss

Feb 20, 2013 | 05:53 PM | Suzy Waite

Tags  Horsehead Holding, zinc, Jim Hensler, earnings results, Rutherford County plant, Suzy Waite

NEW YORK — Horsehead Holding Corp. reported its fourth consecutive net loss Feb. 20, which it attributed to low zinc prices, asset write-off charges connected with the pending closure of its Monaca, Pa., zinc facility, and hedge-protection costs related to its soon-to-open zinc plant in Rutherford County, N.C.

The Pittsburgh-based producer’s $11.2-million net loss in the quarter narrowed from a net loss of $12.7 million in the same 2011 period. Meanwhile, sales for the period rose 6.1 percent to $106.4 million.....





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