ISA falls deeper into red on shrinking volumes

Apr 02, 2013 | 03:11 PM | Lisa Gordon

Tags  metals recycler, scrap processor, Industrial Services of America, ISA, earnings report, Blue Equity, ferrous scrap, stainless scrap shredder

PITTSBURGH — Industrial Services of America Inc. (ISA) is taking steps to repair its financial results after falling deeper into the red last year.

The Louisville, Ky.-based scrap metal processor has reduced its annual overhead costs by $3.4 million—including saving $1.1 million by trimming its full-time head count to 155 workers from 176 in 2011—to align its capacity with the reduced material flow to its....

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