ISA swings to loss in 1st qtr. as stainless shipments slide

May 16, 2013 | 02:10 PM | Lisa Gordon

Tags  metals recycler, Industrial Services of America, Jonathan Blue, Brian Donaghy, stainless scrap, Lisa Gordon

PITTSBURGH — Industrial Services of America Inc. (ISA) posted a first-quarter net loss of $115,000 on a 43.6-percent drop in revenue to $34.8 million.

This is in contrast to net income of $9,000 in the same quarter last year on $61.7 million in revenue, the Louisville, Ky.-based scrap metal processor said.....

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