CRANFORD, NJ — (Marketwired) — 11/14/14 — Metalico, Inc. (NYSE MKT: MEA)Metalico, Inc. (NYSE MKT: MEA) today announced third quarter operating income from continuing operations of $2.1 million, an increase from $600,000 for the prior year period excluding impairment charges.Consolidated EBITDA was $7.6 million before the impact of discontinued operations, compared to $6.6 million in the third quarter of 2013. Reported operating results exclude Lead Fabricating segment operations, which have
CRANFORD, NJ — (Marketwired) — 11/22/13 — Metalico, Inc. (NYSE MKT: MEA) has closed a refinancing providing up to $125 million.Proceeds from the new facilities were used to pay amounts outstanding under the Company-s prior credit agreement, repurchase $37 million of its Convertible Notes and pay related fees and expenses. The facilities are provided under a six-year senior secured Financing Agreement with TPG Specialty Lending, Inc. Additional funding is provided by PNC Bank, National Associ
– Total Operating Income Before Charges of $1.8 Million – Non-Cash, After Tax Goodwill Impairment Charge of $28.6 Million – EBITDA at $6.6 Million and Revenue of $136 Million – Adjusted Net Income of $938,000 or $0.02 per Share – Debt Reduction of $8.3 Million Since Beginning of Year
CRANFORD, NJ — (Marketwired) — 08/09/13 — Metalico, Inc. (NYSE MKT: MEA) reported a consolidated net loss of $2.7 million, or $.06 per share, for the second quarter of 2013, compared to net income of $2.9 million or $.06 per share for the same period in the prior year.The Company posted sales of $130 million for the June 2013 quarter, compared to $148 million for the 2012 second quarter. The current year period was principally impacted by 12% lower ferrous selling prices and 9% lower non-fer
CRANFORD, NJ — (Marketwired) — 05/09/13 — Metalico, Inc. (NYSE MKT: MEA) today reported a consolidated net loss of $1.2 million, or $0.02 per share, for the first quarter. Compared sequentially to the fourth quarter and excluding impairment charges, the Company pared its quarterly net loss by more than half.The Company posted sales of $138 million for the quarter ended March 31, 2013, compared to $164 million for last year-s first quarter, and net income of $2.2 million or $0.05 per share. I
CRANFORD, NJ — (Marketwire) — 03/08/13 — Metalico, Inc. (NYSE MKT: MEA) today announced 2012 sales, net income and earnings per share. The Company posted adjusted net income of $202,000, or virtually breakeven results per share, after adjusting for $19.6 million in non-cash impairment charges to goodwill and other intangibles.For the year ended December 31, 2012, the Company reported a net loss of $13.1 million, or $.28 per share, on revenues of $574 million. For the prior year, Metalico pos
CRANFORD, NJ — (Marketwire) — 08/10/12 — Michael J. Drury, Executive Vice President and Chief Operating Officer for PGM and Lead Operations of Metalico, Inc. (NYSE MKT: MEA), will represent the company at the Global Hunter Securities Industrials Day 1×1 Series in Chicago on August 23.Mr. Drury will discuss Metalico-s performance and growth strategies as well as current market conditions in one-on-one and small group meetings through the day. The conference is meeting at the Library on the to
CRANFORD, NJ — (Marketwire) — 08/09/12 — Carlos E. Agüero, President and Chief Executive Officer of Metalico, Inc. (NYSE MKT: MEA), is scheduled to speak on August 16 at the 32nd Annual Canaccord Genuity Growth Conference in Boston.Mr. Agüero will discuss the Company-s growth strategies and present an overview of current market conditions at Boston-s InterContinental Hotel at 1:30 p.m. He will also participate in one-on-one and small group meetings through the day.The annual Canacc
CRANFORD, NJ — (Marketwire) — 06/13/12 — Michael J. Drury, Executive Vice President and Chief Operating Officer for PGM and Lead Operations of Metalico, Inc. (NYSE MKT: MEA) (NYSE Amex: MEA), will present at the inaugural Marcum MicroCap Conference on June 20 at New York City-s Roosevelt Hotel.Mr. Drury-s presentation will include a corporate overview and growth strategies and a look at current market conditions. He will speak to the conference at 4:30 p.m. and will also participate in one-
CRANFORD, NJ — (Marketwire) — 06/12/12 — Metalico, Inc. (NYSE Amex: MEA) today announced the appointment of Joseph C. McGough as Vice President of Engineering and Shredder Operations for its scrap metal recycling subsidiaries and confirmed the promotion of Daniel M. Caumo to General Manager.McGough, a veteran recycling engineer with more than thirty years- experience in industrial plant construction and operations, has been assisting Metalico with the installation and start-up of its state-
