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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.
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