Metalico (MEA) Posts Q4 adj.-Loss of 10c/Share
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Metalico Releases 2014 Results
April 15, 2015 6:19 PM EDTCRANFORD, NJ -- (Marketwired) -- 04/15/15 -- Metalico, Inc. (NYSE MKT: MEA) today reported an adjusted net loss per share for the year and fourth quarter ended December 31, 2014 of $0.25 and $0.10, respectively. The adjusted results exclude previously reported non-cash impairment charges.
For the year, the Company reported an adjusted net loss of $12.7 million, or $0.25 loss per share, on revenues of $476 million. For 2013, Metalico reported an adjusted net loss of $9.3 million, or $0.19 per share, on revenues of $457.2 million.
The Company's fourth quarter results were impacted by lower ferrous and non-ferrous volumes and lower average... More
