It’s been an up and down few months for shares of Industrial Services of America (IDSA), which recycles metals and helps companies manage waste. In February, the company issued guidance that wasn’t as strong as traders were looking for and the stock plummeted. This morning the stock is popping around 17% after the company released earnings results that were at the top of the range of previous guidance. In February the EPS guidance was .25 … Read the rest
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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 … Read the rest