Industrial Services of America (IDSA) – Stainless Business Weighs on Results – Thoughts from the 4Q Conference Call

March 8, 2012 Posted by Steel Market Intelligence

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Industrial Services of America (IDSA) reported a 4Q net loss of $(0.26)/share, well below the Street’s $(0.04) loss as volatility in demand for stainless produced “short-term negative results,” according to the company, further adding that the business environment in the scrap sector was “challenging.”

Guidance was for improved profitability in the company’s recycling business however, due to continued investment in people and processes.  Despite volatile demand in 2011, management said the long-term outlook for the stainless business is strong.

Our full report is available to subscribers only and provides further thoughts on IDSA’s 4Q earnings report and conference call as well as the implication for the stock and other equities.

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