Industrial Services of America (IDSA) Reports Strong Results

IDSA, the scrap metal recycler of Kentucky, reported strong results after the bell yesterday with revenues surging 77% over the year ago period and EPS more than doubling to 1.66 million

“ISA is benefiting not only from the higher price of commodities, but we are also successfully maximizing the utilization of current assets while we invest in expanding our processing and shipping capacities,” said Brian Donaghy, ISA President and Chief Operating Officer. “This is evident from our second quarter performance, as shipments were up 67% and 32% for non-ferrous and ferrous materials from the same period a year ago.

The stock was down yesterday with heavy volume but has stabilized today and the overall technical picture is still bullish. 

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