Weather, soft margins add to Metalico loss

May 15, 2014 | 03:34 PM | Rey Mashayekhi

Tags  Metalico, earnings report, scrap, ferrous, nonferrous, lead, weather, transportation export

NEW YORK — Metalico Inc. fell deeper into the red in the first quarter due in part to harsh weather and disappointing margins.

The Cranford, N.J.-based scrap metal recycler and processor’s net loss more than tripled in the three months ended March 31 as sales dipped 1.8 percent compared with the same period last year.....

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