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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